Archive for March, 2008
The buy to let market is thriving, but too risky for most newcomers
Ten years ago, twins Matthew and Peter Jones were both plain-clothes policemen who dabbled in buy-to-let. Today, they are professional investors with a portfolio of 25 homes worth £10m and enough confidence in the property market to launch their own firm of estate agents and buying agents last year. You will find their offices in […]
UK housing market outperforms Europe
The UK housing market performed well in 2007, compared to most of the rest of Europe.
That is according to the latest European Housing Report from the Royal Institution of Chartered Surveyors (Rics), which showed that the UK housing market was the sixth strongest last year.
House prices increased by eight per cent in the UK, making […]
Rental yields warm up as property values cool down
Average rents in the private rented sector have risen by an average of 4 percent for houses and 2 percent for flats in the three months to the end of February.
These averages have been boosted by a 9 percent rise in Prime Central London and a 5 percent rise away from the South East. In […]
Mortgages disappearing from the market
Potential homebuyers have been advised to try to secure deals on mortgages as soon as possible.
It comes as the global credit crunch continues to affect the mortgage market, leading to many lenders pulling some products from the market.
Michael Coogan, director general of the Council of Mortgage Lenders (CML), told BBC Radio Four’s ‘Today’ programme that […]
Gross lending declines in February
Gross lending declined to an estimated £24 billion in February, down 7% from £25.9 billion in January and 6% from £25.6 billion February 2007, according to the Council of Mortgage Lenders.
The Bank of England approvals data for January showed subdued levels of house purchase activity and a sharp rise in remortgage approvals, which is likely […]
