April 2017 Archive

Friday, April 28, 2017

Does Two Months Indicate a Trend?

BBC News: House prices fell again in April, Nationwide says

UK house prices fell for the second month in a row during April, according to the Nationwide. The building society said prices dropped 0.4% in April, and the annual rate of price growth slowed to 2.6%, the weakest pace for almost four years.

Posted by wdbeast @ 11:23 AM 12 Comments

Thursday, April 27, 2017

Supply & Demand ?

Financial Reporter: Housing supply falls to record low in March

The supply of available homes is at the lowest level for March since records began in 2002, according to NAEA data.

Posted by jack c @ 04:24 PM 3 Comments

Saturday, April 22, 2017

What price can Generation Rent afford, though? 50% lower I guess.

Property Reporter: Gross mortgage lending down 19% year-on-year

"With people increasingly wary of rate rises, remortgage levels also remain high. Inflationary pressure to come means the first rate rise in a long time may no longer be too far off. Brexit-related uncertainty continues to see many would-be movers sit on their hands, and the General Election could see even more conservatism in the months ahead. Dire supply levels are also damaging demand. There's very little on the market and people aren't in a hurry to buy homes they sense are languishing rather than electrifying. At the high end of the market there has been an influx of cash buyers over the past nine months given the weakness of the Pound. But with Sterling seemingly in bounce-back mode, we may see this trend tail off."

Posted by sneaker @ 09:46 AM 9 Comments

Must be that Brexit thing again!

The Guardian: Lenders report 42% fall in loans to landlords as tax changes begin to bite

The CML says that if the March trend continues “we can expect to have seen around 70,000 buy-to-let house purchases in the last year. This compares with 142,000 in the 12 months leading up to the stamp duty change. That’s 42% lower year-on-year”. “It is too early to predict long-term effects of these measures on the balance of tenure. But we may be beginning to see the reversal of a long period of expansion of the private rented sector.”

Posted by sneaker @ 09:43 AM 0 Comments

Thursday, April 13, 2017

What else can they throw at it?

Dailymail: Property market in doldrums

looks like chickens coming home to roost...I keep an eye on central London property/prices and the amount of stock for sale is unbelievable...prices of 1/2 bed flats have plunged imo what else can they throw at it

Posted by taffee @ 10:15 AM 8 Comments

Thursday, April 6, 2017

Homebuyer's Handbook by Equifax

Equifax UK: How do mortgage applications work?

Credit referecnce agency Equifax have released a free, downloadable PDF that outlines the steps to getting a mortgage, finding a house and what's involved in the legal process after placing an offer. There's also some preparation tips for first time buyers, positive and negative credit report considerations, a budget plan and a couple of helpful checklists for mortgage applications and moving home.

Posted by propertyhelper @ 02:47 PM 0 Comments

Sunday, April 2, 2017

UK not as bad as Oz but that's setting the bar low

Zero Hedge: Australia Has The World's Worst Money-Laundering Property Market

Transparency International has released a new report, entitled Doors Wide Open: Corruption and Real Estate in Four Key Markets, which has identified Australia, Canada, the UK and the USA as the top four spots targeted by corrupt officials or criminals for real estate crime.

Posted by quiet guy @ 09:39 AM 2 Comments

Saturday, April 1, 2017

Government meddling has made housing less affordable for first time buyers

BBC News: Better-off cashing in on Help to Buy scheme, research finds

Just over half of the people who have received taxpayers' money to help them buy a home under a government scheme did not need it, according to research. About 4,000 households in England earning more than £100,000 annually are in the Help to Buy Equity Loan scheme. Official figures to December 2016 show more than 20,000 households who are not first-time buyers have been helped. The initiative, which started in April 2013, aims to make buying a home more affordable. But research conducted for the government found 57% of those who signed up to it said they could have afforded to buy without access to the scheme.

Posted by quiet guy @ 12:40 PM 4 Comments

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