Halifax examined the impact of the rise in residential stamp duty threshold in the past 10 months (Sept 2008 – June 2009) – illustrated one-third of buyers are benefitted from this situation.
Research carried out by Halifax Building Society between September 2008 and June 2009 has confirmed that one third of property buyers have benefited from the rise in the Stamp Duty Threshold from £125,000 to £175,000 (in operation until 31st December 2009).
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Warnings are flying everywhere about the importance of insurance for students’ tenants as university start date comes closer.
As a new University term begins, tenants are reminded of the importance of insuring their possessions whilst away from home. Reports have shown that one in three students become a victim of crime as they are targeted by opportunists for their high level of portable valuables in the form of laptops, pedal cycles, cameras & jewellery. Read more…
Asking prices in the United Kingdom has increased in September – according to the biggest property website.
The UK’s largest property website has revealed in a written statement published on 21st September 2009 that an 0.6% increase to the average house asking price was noted in September’s figures – with the average house price now resting at £223,996. It attributes the increase to a greater level of confidence within the housing market and the decrease in property supply.
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The recent rise in the UK house values is described as a “false dawn” and house prices are expected to fall again at the start of 2010 – forecasted by the Leading Economic Consultancy.
The recent rise in the UK housing market has been described as a “False Dawn” by a firm of leading Economic Consultants with house prices expected to fall again by the start of 2010. Read more…
A recent poll found that landlords are still concerned about the buy-to-let market, despite the recent news of recovery.
A recent poll discovered that despite all the recent headlines heralding a recovery within the property rental sector, nearly one third of Britain’s residential Landlords continue to be cautious about the future of the buy to let market.
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As the growth in demand continues at a faster rate than the supply in the housing market, Halifax Housing Price Index reported an increase for the second consecutive month in August.
Halifax House Price Index recorded 0.8% monthly increase in August followed by the 1.2% rise in the previous month. The average price now stands at £160,973 – nearly the same level as December 2008. This narrowed the annual rate to -7.6% compared to 12 months ago. On the other hand, the survey found that the 3-month property value to August was still 10.1% lower than the figure showed in the same period last year.
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As there is a decrease in supply coming onto the buy-to-let market due to the fall in “accidental landlords”, tenants bargaining power begins to ease.
When the recession was at its height, many Home Owners who would not normally consider letting their properties did so as a way of maintaining their mortgage payments. These types of Landlords were termed “Accidental or Reluctant Landlords”; however, as the property market starts to recover, the number of “Reluctant Landlords” has been seen to dramatically decrease.
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