Property

Market sees a flurry of activity

13th JunePosted by Louise Taylor

Louise Taylor discusses market activity and succession in the Farmers Guardian. 

Halifax says house prices are 'lacking direction'.

6th OctoberPosted by Louise Taylor

House prices are "lacking genuine direction", according to the Halifax, as it reported a 0.5% fall in values in September compared with August.

Prices were down 2.3% from a year ago, leaving the average home in the UK worth £161,132, the lender said.

It said there had been a mixed pattern of monthly changes in prices, but broad stability overall.

And the lender said it expected little change in prices and activity during the...

Former RPA boss got 'golden goodbye'.

3rd AugustPosted by Louise Taylor

Tony Cooper, former chief of the Rural Payments Agency (RPA) received a 'golden goodbye' or more than £300,000 when he left the post last year.

According to the agency's annual accounts for 2011 Mr Cooper, who was chief executive of the RPS for four years, received an exit package of £311,000 which included early retirement benefits of £243,803 and £67,007 in respect of "compensation in lieu of notice".  The package also included untaken annual leave worth £12,886 and a bonus of £15,...

Homeowners are improving rather than moving.

28th JulyPosted by Louise Taylor

Research carried out by the Royal Institution of Chartered Surveyors (RICS) has concluded that increasing numbers of homeowners are deciding to carry out improvements to their current property rather than move house.

Overall, 48 per cent of chartered surveyor estate agents revealed the slow sales market is prompting people to improve their properties rather than move. Across the UK, this was most prevalent in areas where the property market is more depressed, such as Northern...

London rents due to rise - will this have a knock on effect?

9th JunePosted by Louise Taylor

According to Property Talk Live rents in Central London are on track to increase by 8 - 10% this year, putting even greater pressure on the finances of tenants in the capital (source: Cluttons' Residentail Property Forecasts June 2011).

According to Cluttons the significant pressure the increase will put on households, who are facing depleting incomes and job insecurity, means that it is unlikely that demand for rental property will be dampened.

Tenants have already adjusted to...

Rightmove says vendors are over optimistic.

18th AprilPosted by Louise Taylor

The property website 'Rightmove' reports that overly optimistic sellers increased asking prices in April by 1.7% but potential buyers continued to stay away from the market, leading to a high proportion of unsold houses.

It was the fourth consecutive month during which new sellers have raised their asking prices, leaving the average property on the market in England and Wales with a price tag of £235,822 - 6pc or £13,400 higher than at the end of...

Are you thinking of becoming a landlord?

12th AprilPosted by Louise Taylor

There are many costs to take into consideration before you decide to become an investment landlord. 

Every investor's aim should be to create a realistic, and profitable, yield so you need to give consideration to a number of obvious and hidden costs.

The biggest outlay will be the intial price of the property including all the associated costs - solicitor's fees, stamp duty, mortgage arrangement fees and survey costs.  It might be best to seek professional, expert advice and...

What's in a name?

11th AprilPosted by Louise Taylor

A report in the Daily Telegraph suggests that giving your house a name, rather than a number, might help you sell it.  The name "Rose Cottage", "The Lodge" or "The Woodlands" conjures up images of a rural idyll and property full of character, far more than if the same house merely had a street number, according to a survey of 4,000 consumers.

The report suggests that home buyers can be influenced by a name even before they have visited the property.  The survey was undertaken for the...

How to get on the property ladder.

8th AprilPosted by Louise Taylor

Rosie Murray-West writes an interesting article in today's Telegraph giving useful advice to would-be first time-buyers.

She comments that first-time buyers will have to ask themselves some serious questions before they take the great leap into property ownership.  Analysts have comment that the falling property market has yet to find its floor (see our blog 7th April).  Although interest rates are currently at historic lows, potential buyers will...

Farmland market continues to rise.

7th AprilPosted by Louise Taylor

The market for farmland continues to rise as prices hit an all time high.

According to Dr Jason Beedell, head of research at Smiths Gore, demand continues to outstrip supply. 

“Farmland prices rose by 4 per cent in the first quarter of 2011 to an all time high of £7,900 per acre, showing the strength of the market compared with others, such as the housing market, which is still weak,” said Dr Beedell.

At the end of the first quarter, bare land values averaged £5,600...

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