Plymouth Property Lift

Plymouth is one of the successful bidders and has made it onto the 2018 World Cup list of host football stadiums.  Home Park, the home of Plymouth Argyle will be further modernised and upgraded and improve the immediate area.  For property appraisals near the Home Park area contact the local Independent Chartered Surveyor, Graham Cocking at http://www.plymouthbuildingsurveyors.co.uk/ .

To discuss how this may affect the market in the wider Devon and Cornwall area, contact your local Independent Property Expert by calling your local propertysurveying.co.uk Independent Chartered Surveyor or go to the Devon or Cornwall Network pages.

Market Comment December 2009

The latest press announcements by the Bank of England and the RICS suggest that House prices in England and Wales are generally continuing to rise in certain areas often fuelled by a lack of supply.  The local Independent Chartered Surveyors with www.propertysurveying.co.uk report a varied market with London bolstored by both big bonuses from the city as well as foreign net investment.  Our surveyors indicate a difference in demand in locations around the provinces whereas in London , the network surveyors demand is still strong with some agents very busy.  A consistent demand has been reported by the westcountry contingent, and along the south coast.  Enquiries are coming in for along the south coast in Hampshire and in Sussex . 

In the deep west, Cornwall and Devon are benefitting from consistent demand with Dorset and Somerset also reporting a healthy number of transactions taking place helped by the net migration to the area. 

In the Gloucestershire and Welsh Border Country, enquiries are in less depth but a number of transactions are taking place with demand good in places like Ross on Wye, Stratford upon Avon, and parts of the Birmingham and West Midlands connurbation such as Wolverhampton and Telford

Soundings from other surveyors of our network of Independent Chartered Surveyors will be placed here over the next few days.

Chartered Surveyor Help ?

An interesting article explaining some of the ways an Independent Chartered Surveyor may be able to help you has been written by a member of the propertysurveying.co.uk team.  This lists the work undertaken from building surveys to valuation work as well as the less common party wall, expert witness, retrospective valuations and other related work undertaken by multi discipline professional independent chartered surveyors. Read more here

August sees average house prices fall again

The average price of homes for sale in England and Wales fell to £222,762 during the four weeks to August 8, about 2.2 % less than in the previous 4 weeks. The property website Rightmove says this drop in asking prices was in line with a similar fall seen in August 2008, although it was still the biggest drop recorded so far this year. Price rises had been experienced in five of the previous seven months.

It added that the market was continuing to be held back by a lack of mortgage finance. Traffic wise, Rightmove has seen its busiest month ever, despite the fact that there is usually less activity during the summer, due to potential buyers going on holiday.

However, there continues to be a shortage of available properties, with 82,700 homes put up for sale during the month, 23 % fewer than in August last year. It is also around half the level of new properties that were put on the market in August 2006 and 2007.

Source: www.rightmove.co.uk

Residential property builders lash out at banks

Leading homebuilders Barratt and Redrow have complained that restrictions on mortgage financing is preventing a recovery in the country’s property market.

Bovis Homes have reported that potential buyers are still unable to get a mortgage, although there is continued interest in their developments. Persimmon have seen an increase in reservations but also hit out at the lack of lending. ‘We are encouraged by the improvement in sales rates when compared to last year but will remain cautious until mortgage availability improves further and employment prospects stabilise,’ they said.

Read more…