The Property Market Monthly Fact File – August 2014

Yorkshire - CottageThe property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to provide a single place where anyone with an interest in UK property can find the information they need.
To read the monthly fact file, click here.

Polish shale gas collapse provides stark warning to UK investors

Investing in the next big thing early is an investor’s dream. Huge capital growth kicks in as the product begins to take off, dividends increase as the company makes heavy profits and the risk initially involved in taking the plunge erodes away…
To read the whole article, click here.

Sailing’s Formula 1 provides economic boost to Cardiff

Next month, the fifth round of the Extreme Sailing Series is coming to Cardiff Bay. This is an international event, constituting sailing’s version of Formula 1. Exceptionally fast catamarans, sailed by some of the best racers in the world will compete in close proximity to the centre of cities and harbours, with view-points for vast numbers of spectators.
To read the whole article, click here.

Mortgage Lenders are now being accused of discrimination as mortgage application is rejected because 48 year old’s husband is too old

Victoria Wallace and her husband of 17 years, Sean, have unfortunately been denied the ability to jointly own their marital home after they had a mortgage application rejected on the basis that Sean was deemed “too old”.…
To read the whole article, click here.

 

London property being out performed by beach huts

A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of £225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought after boroughs of London…
To read the whole article, click here.

Does commuting save you money?

With the average house price in London’s Zone 1 and 2 currently at over £640k, it can make sense to live a little further away and have a cheaper property. Of course, the rail fare will cost you quite a bit, and there’s the travelling time to take into account, but will that add to your quality of life or detract from it?…
To read the whole article, click here.

In case you missed it…..

Woman moves house 56 times in 13 years

For many, moving house is a stressful ordeal to be avoided wherever possible. The average Brit opts to move house a total of around 8 times in his or her lifetime but for one woman, stress is evidently no obstacle as she’s racked up 56 house moves in just 13 years.

To read the whole article, click here.

Statistics reveal that prospective purchasers can pay more than £10,000 per square metre of property in certain areas of the country

Recent figures released by the Halifax show have indicated that purchasers of houses in Chelsea, London could find themselves paying more than £10,000 per square metre as the average price for the area is revealed to be a staggering £10,854.
To read the whole article, click here.

Paying your mortgage off early – the pros, cons and pitfalls

Paying your mortgage off earlier than expected could be one of the biggest investments you ever make. You can be rid of your biggest debt fast, free yourself from ties to the mercy of the varying property market and put all the money you are no longer paying out to better use. With inflation and the base rate both low, we reveal why you should be thinking about overpaying on your mortgage obligations…
To read the whole article, click here.

New proposals made by the Bank of England aim to prevent housing boom

Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis…

To read the whole article, click here.