According to the latest Royal Institute of Chartered Surveyors Market survey “The impact of government spending cuts and continued concerns over access to finance saw sentiment in the construction industry turn increasingly negative during the third quarter of 2010”.
Importantly for the residential market, one of the worst areas affected was public housing where the government announced a 50% cut in spending on affordable homes.
READ ON to find out more about what's hapening in the construction and property industry.
Monday 29 November 2010
Thursday 25 November 2010
To Rent or Buy?
To Rent or Buy?
With the cost of maintaining our ageing housing stock on the rise, is now a good time to buy – or should you stay renting?
According to Zoopla, 80% of British cities/towns are now cheaper to buy in than rent a two bedroom flat in 50 locations throughout the UK. In some locations – not necessarily the ones you would expect – renting is more costly than buying.
Read on to find out whether To Rent or Buy?
With the cost of maintaining our ageing housing stock on the rise, is now a good time to buy – or should you stay renting?
According to Zoopla, 80% of British cities/towns are now cheaper to buy in than rent a two bedroom flat in 50 locations throughout the UK. In some locations – not necessarily the ones you would expect – renting is more costly than buying.
Read on to find out whether To Rent or Buy?
Tuesday 23 November 2010
Lack of rental properties could drive up prices
Housing Rental Market
Property rents continue to rise steadily across most of the UK and by Spring 2011 we are likely to see monthly rents reach their peak of April 2008.
Over the coming months, the housing rental market is likely to start highlighting the devastating lack of properties in the market. While people have 'stayed at home' for a few years following the recession, the next few years people will want to rent or buy. Due to a huge lack of funding for buyers and investors, there just won't be the stock available and inevitably this will drive up prices.
Lack of rental properties could drive up prices
Property rents continue to rise steadily across most of the UK and by Spring 2011 we are likely to see monthly rents reach their peak of April 2008.
Over the coming months, the housing rental market is likely to start highlighting the devastating lack of properties in the market. While people have 'stayed at home' for a few years following the recession, the next few years people will want to rent or buy. Due to a huge lack of funding for buyers and investors, there just won't be the stock available and inevitably this will drive up prices.
Lack of rental properties could drive up prices
Tuesday 16 November 2010
Latest House and Local Property Prices
Latest House Property Prices and Local House prices
The property market continues to be subdued in the lead up to Xmas and is likely to go very quiet over the Xmas period.
For 2011, there is a real danger that the lack of properties for sale and a low number of buyers will end up with the market remaining very sluggish. A lack of properties for sale won't help 'kick start' the housing market. If sellers can't see a choice of properties to buy and 'doom and gloom' is constantly reported by the media, their incentive to up and move sticks is very low.
For a detailed property market report - READ MORE
The property market continues to be subdued in the lead up to Xmas and is likely to go very quiet over the Xmas period.
For 2011, there is a real danger that the lack of properties for sale and a low number of buyers will end up with the market remaining very sluggish. A lack of properties for sale won't help 'kick start' the housing market. If sellers can't see a choice of properties to buy and 'doom and gloom' is constantly reported by the media, their incentive to up and move sticks is very low.
For a detailed property market report - READ MORE
Monday 15 November 2010
Property Buying Guide Myth No.3
Estate Agents - You must talk to our Mortgage Broker or Advisor!
If you've looked for a property to buy, you'll no doubt recognise the phrase 'You must talk to our mortgage broker' which you may have heard when visiting the local estate agents. So, should you talk to an estate agent's mortgage broker or is this just another property buying myth?
Watch my latest property myth video here!
If you've looked for a property to buy, you'll no doubt recognise the phrase 'You must talk to our mortgage broker' which you may have heard when visiting the local estate agents. So, should you talk to an estate agent's mortgage broker or is this just another property buying myth?
Watch my latest property myth video here!
Thursday 11 November 2010
Property Buying Guide - Myth No.2
All Estate Agents are the Same
How many times have you heard the phrase 'All Estate Agents are the same'? So, are they 'all the same' or is this just one of many property buying myths? And, if you happen to be a first time buyer, this may also help you find a good estate agent and ultimately, your dream first home.
Watch my VIDEO here!
How many times have you heard the phrase 'All Estate Agents are the same'? So, are they 'all the same' or is this just one of many property buying myths? And, if you happen to be a first time buyer, this may also help you find a good estate agent and ultimately, your dream first home.
Watch my VIDEO here!
Tuesday 2 November 2010
Property Buying Guide - Myth No.1
The perfect property IS out there!
For those of you who have already bought a property, you'll no doubt recognise the phrase 'The perfect property IS out there'. Well is it, or is this just one of many property buying myths? If you're a first time buyer, are you looking for that elusive 'perfect property'?
Watch my VIDEO here
For those of you who have already bought a property, you'll no doubt recognise the phrase 'The perfect property IS out there'. Well is it, or is this just one of many property buying myths? If you're a first time buyer, are you looking for that elusive 'perfect property'?
Watch my VIDEO here
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