In September a policy statement from the Prudential Regulation Authority went largely unnoticed, but it will impact buy to let owners with a portfolio of investment properties
Brexit Unlikely to Affect UK House Sales Confidence
November 14, 2016 by
According to an article in PropertyWire, even though confidence in the UK housing market has reached its lowest point in three years, consumers still think the recent referendum result will have little impact on buying and selling property. This is according to the latest index from the Halifax, the Housing Market Confidence Tracker. The index
Buying Real Estate Post-Brexit
June 29, 2016 by
A few days after the referendum and the reality is beginning to sink in. An article by Lief Simon of Live and Invest Overseas talks about the consequences of the vote. With the exit predicted to take at least two years, when it is actually implemented, both sides can be expected to lose out financially.
Fewer Quality Homes being Sold in the UK
October 14, 2015 by
According to an article in The Telegraph, analysts think the number of large family homes being sold in the United Kingdom has slumped due to an increase in stamp duty costs. Estate agents are estimating that the number of quality homes being sold in certain parts of the country has fallen by between 20% and
London Agent Posts Record Profits
October 6, 2015 by
Knight Frank, a London-based real estate consultancy recently posted record profits for the past year. This is mainly due to investors who are looking for better value outside London as well as the completion of a number of high profile deals. Pre-tax profits for the firm increased by 19% to £162 million, while sales increased
UK Mortgage Borrowing Increased in August
September 29, 2015 by
In August, mortgage borrowing in the UK increased by the greatest amount since the beginning of the financial crisis and according to the article in the Financial Times is just the latest sign that the real estate market is starting to heat up. Last month net lending increased by £3.4 billion which is the largest
UK Real Estate Prices Continue Trending Upwards
August 13, 2015 by
A recent report by UK mortgage lender, Nationwide showed house prices in the nation increased last month having fallen slightly in June. There are now signs that they are beginning to stabilize close to the pace of earnings growth. The report from Nationwide showed that house prices rose by 0.4% which was in line with
OnTheMarket.com: Is it Worth the Gamble?
January 27, 2015 by
This week saw the launch of a brand new, and some might say quite controversial property portal in the UK, called OnTheMarket.com. This new property portal has been founded by a conglomerate of UK real estate agents in an attempt to break the duopoly of Rightmove and Zoopla. The agents involved include Savills, Knight Frank,
England’s Help to Buy Scheme Proving Beneficial across the Country
June 2, 2014 by
The UK government’s Help to Buy scheme has been taken up by nearly 20,000 people in England during the first 12 months. The scheme accounted for nearly one third of all new build home sales during this time. In addition, it has accounted for 2.4% of property sales throughout England. Even though the scheme is
UK Real Estate Prices Set to Rise 35% by 2020
April 11, 2014 by
UK real estate experts are predicting that house prices will increase by 6% annually for the next five years. According to the Royal Institution of Chartered the Surveyors some homeowners are afraid to put their property on the market for fear of not finding anything else, as there is a chronic shortage of homes for
