As property prices continue to rise faster than incomes, securing a traditional mortgage for your first home becomes harder than ever. Crowd-funding is much talked about as a way to invest in a high value property without the huge initial cost, but is it viable?
Over recent months, the Government has put out a number of consultations on various aspects of the property market. Although it could be some time before any of the proposals become law, it’s good to know what’s currently being considered, in case you’d like to have your say on any of it.
While Brexit is likely to cause ripples - at the very least - in the UK's housing market, the rental market is expected to remain pretty steady. The slow pace at which any change to the UK’s status will occur is, of course a factor in this assessment while little expected change in demand is another.
We know, in theory, bad news makes a much better headline than good news, and that’s certainly true for reports on the property market. Some in the media do love to shout about prices crashing and warn that the market’s in trouble, and it’s been particularly under the spotlight since the Brexit vote.
The summer months are often quiet ones for the UK’s property market. However, there’s always some news around that’s of interest to anyone who likes to keep up with it and August has been no different.
Brexit’s effect on property has been a popular topic this month, particularly as a legal case is currently ongoing to decide whether or not Brexit is a reason to allow a company renting property on Canary Wharf, to break its contract. While it’s a commercial property story, the result could have implications for the residential market too.
Experts are predicting there will be no long-term adverse effects on the UK housing market, despite the recent triggering of Article 50. Here are some of the reasons why this may hold true:
It seems Chinese-based property developers are increasingly looking to London as the next development spot to invest in. According to Property Week, the latest firm to show significant interest in the city, is Country Garden, a Chinese-based property developer who has recently completed major works in Malaysia.
Despite being demonised and widely feared, new information suggests that the influx of offshore investments in London (and other) housing markets has buoyed them up substantially, possibly mitigating the effects of the Brexit panic.
The summer, historically a slow period for the housing market, has definitely lived up to its reputation during 2017. House prices have fallen, with London and the south east bearing the brunt of those price declines. Meanwhile, mortgage lending has been subdued despite record low mortgage interest rates. And other interesting news besides.
As the government takes its first cautious steps to move us gradually out of lockdown, the housing secretary, Robert Jenrick, has given permission for estate agents in England to reopen and for property viewings to restart. This will be welcome news to all those people who have been waiting to move for the past couple of months, but there are some issues that will still need to be considered.
It’s been an interesting period for the UK’s housing market. Prices, activity and sentiment have been hit by a number of developments, with Brexit and political wranglings, leading the line. Right now, though, it appears the previous property price kings have had their crowns well and truly, stolen.
With the summer is well and truly upon us, we’re in the midst of a season that’s typically a little quieter for the UK’s property market. However, there has been some interesting news this month and its not all price related.
While Nationwide said that annual house price growth slowed to the lowest level in five years, HMRC data indicated that property transactions remain well below year ago levels. In addition to that, new Government legislation is being prepared to ensure every offshore purchase of UK property is registered, including details of the beneficial owner.
Property data firm Hometrack's cities house price report is a closely watched release. Rather than just giving a regular, nation-wide overview, the data presented here gives a clearer idea of how the UK’s city property markets are performing. And, the January report made for interesting reading.
While lots of commentators are saying the Brexit vote will mean a spell of falling house prices, others disagree. There are a number of views and predictions of an immediate increase, in the London market at least, as overseas investors look to get more for their money while the pound is in free fall.
While the London property market might not be growing at the booming pace of the past, it’s still a city where house price growth of note occurs. And, if you’re looking for the next big thing in city regions and want to make a canny investment, we’re here to help you out with the latest London property hotspots.
Another day and yet another call for more affordable housing in England’s capital city. This time, the call comes in the form of new research conducted by Loughborough university that shows 41% of Londoners don't earn enough money to keep up a good standard of living.
A new report by uSwitch has shown that 44% of first-time home-owners are relying on the equity build up in the value of their current residence for a deposit on their second home. However, studies and calculations show that for many, this will not be enough to help them make the step-up into a larger, more expensive property.
As many of us know, moving house is a difficult process. First of all, you have to gather together a deposit and ensure you can afford your monthly repayments. Then, once your finances are ready, you need to find your perfect pad, negotiate a price, go through all the legalities and complete your purchase!
Home to The Beatles and Steven Gerrard, it seems that football and music go hand in hand on Liverpool’s historic and iconic streets.
Connected to Cheshire and Lancashire by the River Mersey, Liverpool has a unique personality and an even more unique accent which is recognised instantly around the world.
The property market is booming. But in a seller’s market, buyers need to be careful to avoid common tricks used by agents and sellers.
Buying a home can be difficult at the best of times, but when you get stung by one of these tricks, the stress can reach another level. Here are the ones to watch out for.