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…
The 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.
There has been much publicity over the last month regarding the state of the booming housing market. When closely analysed, however, the housing market itself has seen remarkable internal differences; with mild to modest increases in the vast majority of the country and the affluent South East surging ahead. The differences are sufficiently pronounced almost to suggest a tale of two different countries, rather than different areas within the same economy. What then can be done to rebalance this differential and bring the two halves of a broken country back into a single whole?
After a year of speculation, the idyllic village of Bantham, South Devon has been put on the market for offers in excess of £11.5 million, causing many residents to fear for its future. With a price tag that high, it seems unlikely that too many British buyers will be interested…
A survey produced by the insurance firm LV (formerly Liverpool Victoria) found that almost half of people (49%) of those who has bought a new home since the beginning of the year discovered unexpected damage after moving in. Almost a third of people (some 29%) of those who had bought a property already so far this year believe the seller deliberately concealed problems at the property during the sale.
To read the whole article, click here.
The 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 help many persons with an interest in property gain an accurate view of what is happening in the UK property market as a whole.
To read the monthly fact file, click here.
New report identifies 43 locations where houses now sell for an average of more than £1 million, including several outside London. Compiled by estate agents Savills and analysts Property Database, the document also charts how house prices have risen over the past decade.
Some areas have outstripped the national average of 29.7% over the last 10 years by over 10 times and 34 of the 43 areas averaging over £1m are in Greater London, including Knightsbridge and Belgravia at No. 1.
If you are thinking of investing this sort of money in a property, a report by a Chartered Surveyor will substantially mitigate the risk of your investment and help you manage your new home. Find your local surveyor at www.propertysurveying.co.uk
Consumers have in recent weeks been hit by price rises of up to 11.1 per cent – equating to between £100-200 extra per year on the typical household’s fuel bill. A number of the “Big Six” energy firms have claimed that the increases are because of rising wholesale prices, but recent data doesn’t support this.
Statistics released from Ofgem, the energy regulator, suggests that wholesale prices rose by only 1.7 per cent over the last year – a mere fraction of the levels energy companies are attempting to justify. The figures will undoubtedly prompt fury across the country as homeowners prepare for winter and questions are aksed as to what the real reason is for these rises?
We look into the issues, the real reasons and potential solutios here…
HMRC wants property landlords to declare all property income and capital gains and to pay what’s due to the government before the January deadline. For the UK’s 500,000 landlords already registered with HMRC this is business as usual. But estimates put the real number of landlords at between 1.4-1.9 million.
Why the big deficit and what tax mistakes are all too common? Read on here…
Despite frequent tales of the deviance and destruction wrought by urban foxes and a strong media presence concerned with explaining, educating and protecting against their impact, a new study in the European Journal of Wildlife Research has shown that numbers in the UK are actually down by 20% in the last two decades.
This is despite the hunting ban of 2004 . Deer numbers, on the other hand, are exploding – with 181% growth for Reeve’s muntjac and 89% for fallow deer.