Archive | Mortgages

Property Market Review December 2018

Increase in second home ownership

According to think tank, the Resolution Foundation, the number of British people who own overseas property, buy-to-let or second homes has doubled since 2001, with wealth from owning a second property having risen to almost £1tn.

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Property Market Review December 2018

Residential Property Review – March 2019

Average residential sales times longerTargets may not be met despite more homes being builtUncertainty continues   Average residential sales times longer Recent research from property portal, Rightmove, indicates that across the UK, the average time taken from when a property is first listed, until it is marked as under offer, has increased from 72 days…

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Property Market Review December 2018

Residential property review – February 2019

January sees an increase in residential property listings Buy-to-Let landlords seen to exit the marketplace Prime Scottish property outperforms January sees an increase in residential property listings The start of 2019 has seen a strong revival in the number of properties being listed for sale on the market, according to an index compiled by online…

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Property Market Review December 2018

Residential Property Review – January 2019

Residential market activity declines In their latest ‘UK Residential Market Survey’, the Royal Institution of Chartered Surveyors have reported weaker market activity, with both supply and demand retreating into negative territory. Their data suggests this trend will continue into the first quarter of 2019. However, they also believe that a “more stable trend is expected…

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Property Market Review December 2018

Residential property review – December 2018

Government revenue from Stamp Duty falls by 10% HM Revenue and Customs (HMRC) have stated that Stamp Duty revenue from residential property sales in Q3 2018 has fallen from the £2.605bn seen in the same period of 2017, to £2.347bn in 2018, as the number of properties liable to tax fell from 302,700 to 279,500.…

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Property Market Review December 2018

Residential Property Review – November 2018

How did the last budget affect the market? The Chancellor of the Exchequer, Philip Hammond extolled his latest budget to the nation in October, but how did his announcements affect the residential property market? Encouragingly, his comments boded well: “The Government is determined to fix the broken housing market. Building more homes in the right…

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Property Market Review January 2018

Commercial property sales forecast to exceed £50bn in 2018 Research conducted by Colliers International, has projected commercial property sales in the UK to exceed £50bn this year and challenge last year’s total of £55bn. Whilst the industrial sector will follow its recent upward path, so too will retailers seeking warehouse space for their burgeoning online…

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Property Market Review November 2017

Record year for London commercial property market This year the commercial property market in central London is set to exceed £20 billion of transactions and may well surpass the record set in 2014 of £21.6 billion, according to the property adviser Savills. Their data reveals that the first nine months of the year saw £14.2…

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Property Market Review – Jun 6 2017

Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future. Capital values increase across the UK The latest monthly report from CBRE, the commercial property and real estate services adviser, shows that,…

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Property Market Review December 2018

Is the ‘Bank of Mum and Dad’ set to go overdrawn

The continued rise in house prices has had a major impact on family finances. Understandably, children want to leave the family home, live their own lives and inhabit their own space. They start looking into the cost of making the move to a home of their own and then find that they can’t make the…

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