Latest News
Homeownership Costs Hit 4-Year High – Halifax
The latest research by Halifax revealed that the cost of owning and running a home hit 4-year high in January 2012.As such, the average cost that homeowners faced was 9,393 pounds, which compares t0 9,406 in January 2008. This compares to 9,149 at the same time last year (a 2.7% increase).The highest increase was associated with utility bills. For... Read more
Home Improvements Fail to Add Value – HSBC
According to the latest Home Improvement Survey by UK bank HSBC, home improvements are no longer adding as much value to the property as they did a year ago. In fact, homeowners might even lose money opting to increase the asking price.According to HSBC, the only improvements that still add at least some value are new kitchen, bathroom and loft... Read more
US Investors Are Top Seekers of UK Property
The latest research by property website PrimeLocation suggests that people living in the United States are the most active overseas investors in UK property.Of the 5 English-speaking nations, US investors account for 21% of buyers of British property. They are followed by Australian buyers (9%), Canadians (7%) and Irish buyers (5%).Then come... Read more
UK House Prices to Rebound in 2020
In the opinion of experts at PricewaterhouseCoopers (PwC), the value of UK houses will not reach the 2007-level earlier than in 2020.The market analysis performed by the company revealed there's only a 12% chance that house prices will rebound in 4 years; the chance that they will do so by 2020, however, is over 50%.Commenting on the findings, Mr.... Read more
UK Prime Property Demanded by Foreign Buyers
A recent research carried out by Lloyds TSB revealed that the number of sold properties worth 1 million pounds and more rose significantly in 2010.In fact, it was 54% more than in 2009 and represented the largest annual increase since the peak of UK property in 2006.Currently, there are approximately 185,000 properties worth 1 million pounds in... Read more
Consumer Confident in UK Property Market Is Strong
A survey carried out by the Worldwide Property Group revealed that consumer confidence in property is high in Great Britain.They survey was performed in March 2011 and was focused on such sectors of property market as house prices, interest rate levels, investment attractiveness, and general confidence.As many as 84% of survey respondents said... Read more
Halifax Names the Best UK Location to Live and Work
The Halifax Rural Areas Quality of Life Survey is a survey that ranks UK locations according to the living standards (the major indicators include housing market, labour market, environment, education and health).The information for the survey is gathered from a variety of reputable resources, such as the ONS, DEFRA, the Department for Transport,... Read more
UK Property Prices to Fall in 2011 – Hometrack
The survey carried out by Hometrack - UK property analyst - showed that house prices continued their decline in November as the number of new buyers fell.More than 5,000 estate agents that form the network of Hometrack registered a 0.8% fall in the value of UK properties. As for demand for British residential properties, it declined by 4.3%,... Read more
UK Prime Commercial Property Financed by German Banks
A survey carried out by Savills, UK-based property adviser, suggests that most large commercial property transactions in Great Britain are financed by German banks.The results of the survey revealed on Monday, October 5th at EXPO property trade fair (Germany), suggest that out of 12 banks willing to finance property deals above £20 million,... Read more
Lloyds Banking Group Publishes New Property Survey
Survey performed by Lloyds Banking Group revealed that almost 50% of professionals working in the property sector do not expect the British housing market to show any significant signs of improvement earlier than in spring 2011.The report, Commercial Property Confidence Monitor, showed that 46% of property experts do not expect any changes,... Read more