The Property Market Monthly Fact File – Sept 2014

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.
To read the monthly fact file, click here.

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.

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.

 

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.

Whole idyllic village in South Devon put up for sale for £11.5m

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…

Kingsbridge, Devon
Kingsbridge, Devon.

To read the whole article, click here.

Estate Agents could face prison sentence

Caveat Emptor to disappear as sellers face imprisonment for not disclosing information that may affect the decision of any potential buyers.

Serious consequences may result if an estate agent fails to disclose any information which is later discovered by the buyer, with a prison sentence of 2 years being possible. If the seller is at fault for not disclosing the information to the agent, the same punishment may be enforced.

Sellers and estate agents are now required to inform any prospective purchasers of any information that may affect the value of the house. This can include any structural defects and / or information about previous sales that fell through. As … Continue reading

House prices surge beyond £1m in 43 areas

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.

Cities excelling outside of London include Bath, Oxford and Cambridge.

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