Harborough Mail Market Thoughts: Increased confidence in the property market Harborough Mail As a result of fewer new properties coming to the market, this has led to one of my biggest frustrations – which is that some agents are starting to...
Derbyshire Times DERBYSHIRE: Farewell to post war prefabs Derbyshire Times But the couple's home along with 93 others in Killamarsh and Eckington is set to be demolished as part of £10.5m scheme to build 150 new properties for rent.
Choosing your student accommodation is more than just picking a halls of residence and hoping for the best. Our friends at NUS highlight what you need to think about when you're deciding where to live.
Housing minister Mark Prisk has announced a £9.5m fund to help councils tackle social housing fraud. According to the government, illegal sub-letters can cost the taxpayer up to £900m a year. Prisk today confirmed that 62 local authorit...
LONDON, March 13 (Reuters) - Germany surpassed Britain asthe most attractive European property market in 2013 as fadingfears of a euro zone break-up encourage investors to ventureback into the bloc, (Property investors pick Germany over UK in 2013...
Property Notepad's insight:
Interesting insight into the minds of the European Property Investors...
Housing has emerged as the brightest spot in the economy this year, but some analysts are questioning whether the market’s recovery is built to last. (RT @HippenEric: Are housing investors creating a new bubble?
Harborough Mail Market Thoughts: Using initiatives to understand more about our buyers Harborough Mail With the Bank of England again resisting calls to introduce more emergency support into the economy, while holding off as it awaits results from...
The study was conducted to understand the social impact of affordable housing development. (RT @raetwitswealth: 'House ownership essential for generating wealth': Joe Slovo Housing Project in Cape Town.
The London housing market is being squeezed at both ends. The shortage of affordable housing in the city as a whole is obvious but now rents in the most expensive boroughs have reached levels that would once have seemed incredible.
Property Notepad's insight:
Some interesting comment from the London Evening Standard Team
letting agents in central london | Russian buyers dominate UK’s prime property market Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us. International buyers are dominating the prime property market in the UK, especially in the Home Counties, according to new data from Knight Frank. Some 55% of homes worth £5 million or more were sold to overseas buyers in 2012, up from around 40% in 2011 and 2010, it latest prime property index shows. One in four homes was bought by a buyer from Russia or CIS, while European buyers accounted for around one in 10 purchases. The Home Counties remained the hotspot for super prime country house transactions last year, with 82% of all such sales happening in these counties. This is up from 76% in 2011. letting agents in central london ‘North Surrey in particular consistently appeals to international buyers who are attracted to prestigious private estates such as St George’s Hill, Wentworth and the Crown Estate in Oxshott,’ said Rupert Sweeting, head of the country department at Knight Frank. He expects overseas buyers to continue to play a significant role in the super prime market. ‘The combination of the buyers seeing the UK as a safer destination to be based than some of their home countries, as well as tax advantages to purchasing land and the continuing slide of sterling, make the UK an attractive investment destination,’ he explained. The index shows that overall prime country house prices have risen for the first time in two years, up 0.4% in the first three months of 2013, put the market is likely to remain sensitive, especially at the lower end of the prime market. letting agents in central london Prices continue to outperform in key commuter towns. The average price of prime houses in Oxford have been rising for a year, and are now up nearly 5%, while prices in Esher have been rising moderately for three years, climbing by 20% over that period, although values are still around 10% lower than their 2008 peak. The firm says that there is evidence that pent up demand is starting to come to the market, for example, in Hampshire there has been a noticeable rise in buyers looking in the market who are determined to make their move despite no real change in the outlook for prices or the wider economy. The release of this pent up demand may well be seen in other areas over the rest of the year, according to Sweeting. ‘As we are gearing up for the spring market which will see some of the best country houses coming to the market, it is a timely and positive sign that average prices have risen for the first time in two years. This will hopefully instil further confidence to the market,’ he explained. letting agents in central london ‘However, market will continue to be price sensitive as buyers remain wary of over pricing. The market is still geographically driven, with prices holding up better closer to London than those which are more than 1.5 hours from the capital,’ he added. ‘So far this year market sentiment has been more positive, as an increasing number of prospective buyers have now made the decision that this is the year they want to buy and sellers are committing to moving forward and placing their properties on the market. Equally, without the distractions of events such as the Jubilee and Olympics, we should see a year on year rise in activity with a clear run through to the summer,’ he concluded. The index also shows that the annual decline in prices in the sector now stands at 3.2%, compared to 3.8% in the fourth quarter of 2012. Prices of homes worth under £2 million and £5 million plus properties rose in the first quarter while values continued to fall for houses worth between £2 million £5 million and this is largely due to stamp duty changes, according to Gráinne Gilmore, Knight Frank’s head of UK Residential Research. ‘The modest rise in country house prices over the last three months marks the first reversal of the steady declines seen since the first quarter of 2011. Despite this increase, prices remain below the levels seen during the market trough in the wake of the financial crisis, and are roughly around the levels seen in 2004,’ she said. ‘However, more detailed data shows that price performance is becoming more dependent on property value. While average values of sub £2 million prime properties climbed between January and March, the value of houses worth between £2 million and £5 million continued to fall, taking the combined annual decline in this price bracket to 4.2%. The higher 7% stamp duty charge for £2 million plus properties, introduced at last year’s Budget, remains a key factor in this multi speed market, and agents report that faltering confidence on city jobs and bonuses is also having an impact,’ she explained. ‘Moving up to super prime £5 million plus homes however, the picture changes again. Prices for homes in this band rose in the first quarter, continuing the upward trend seen since mid-2011 amid increased competition for super prime properties as more international buyers enter the market. The weakness of sterling coupled with the decline in values seen over the last few years have combined to make prime country property an attractive investment for those buying in foreign currencies,’ she added. View the original article here Guaranteed rent - Our top rated property management service comes highly recommended by many homeowners and landlords alike
Immigrant families will be kept off council house waiting lists in England for at least two years, under plans set to be announced by the prime minister.
Downing St said David Cameron would say on Monday that councils would have to introduce a residency test to stop immigrants gaining immediate access.
Local authorities can already set their own criteria, but many do not.
The Bishop of Dudley said politicians' response to immigration was "wholly disproportionate".
Both Labour leader Ed Miliband and Lib Dem leader Nick Clegg have recently given speeches on immigration.
And a poll conducted in Eastleigh on the day of the by-election on February 28 suggested 55% of people who voted for UKIP - which came second - said the issue was their biggest reason for supporting the party.
The government says about 9% of new social lettings go to foreign nationals, a rise from 6.5% in 2007/08.
Mr Cameron will say that the government will issue statutory guidance to local authorities.
He wants to remove "any expectation that new migrants can expect the British taxpayer to give them a home on arrival".
A social housing applicant would have to live in an area for between two and five years before going on the waiting list.
He is expected to say that "this will stop someone from turning up and immediately gaining access to social housing."
Exceptions will be in place for British residents who have to move for genuine reasons, such as work or because of a family breakdown.
Mr Cameron's announcement comes days after his deputy prime minister, Mr Clegg, made his biggest intervention to date in the debate on immigration and at a time when concerns have been raised about the potential influx of migrants from Bulgaria and Romania when movement restrictions are loosened at the end of the year.
Mr Clegg called for cash deposits of more than £1,000 for some migrants from "high risk" countries, to be taken with their visa applications and repaid when they leave the UK.
The Bishop of Dudley, the Right Reverend David Walker, told the Observer that politicians' response to immigration was "wholly disproportionate".
"Public fears around immigration are like fears around crime. They bear little relationship to the actual reality," he said.
The bishop, who served on the board of the National Housing Federation, said: "The tone of the current debate suggests that it is better for 10 people with a legitimate reason for coming to this country to be refused entry than for one person to get in who has no good cause. It is wholly disproportionate as a response."
He added: "Studies show that the vast majority of new arrivals to the UK enhance and enrich our society, both economically and culturally. The true threats to our national wellbeing lie not with those who come to visit or make their lives here but with the increasing gap between the rich and poor among us."
Labour leader Ed Miliband recently admitted the last Labour government did not do enough for ordinary people, becoming distant on issues such as immigration.
"But high levels of migration were having huge effects on the lives of people in Britain - and too often those in power seemed not to accept this," he said in January.
"The fact that they didn't explains partly why people turned against us in the last general election."
Telegraph.co.uk Budget 2013: Govt to consult on residential property for pension investment ifaonline.co.uk The government will consult on amending pension scheme rules to free up disused space in commercial properties for residential use, budget...
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