Figures that were recently released by a property website have revealed that properties in the UK are now selling at around 93 percent of their asking price, showing an increase compared to the 88 percent low that was seen in February of last year. This means that those looking to put in an offer on a property need to be mindful about how much they are offering, otherwise they could find that the property is snapped up by another buyer. (more…)
Posts Tagged ‘housing market’
Properties selling at 93 percent of asking price
Wednesday, February 24th, 2010
Mixed reactions to recovery of property market
Tuesday, November 3rd, 2009There is no doubt that over the past couple of years the UK’s property market has been through an extremely turbulent time, with the near financial collapse resulting in a negative effect on the mortgage and property markets. (more…)
Property prices will not return to levels seen previously
Tuesday, November 3rd, 2009Over the past few months there have been increases in property prices in the UK, and house price indexes have shown that property prices are now at the sort of level that they were at around twelve months ago, although they are still falling short of the levels they reached at the peak of the property market in the latter part of 2007. (more…)
Many homeowners refuse to drop property prices
Monday, October 5th, 2009Over recent months property prices in the UK have been increasing slightly, but over the past year and a half property prices have plunged with the UK experiencing a dire property slump. (more…)
Current property price increases ‘unsustainable’
Saturday, October 3rd, 2009Over the past few months property prices have seen slight increases following eighteen months of dramatic falls, and for many this has indicated that the property slump is over and that the market is getting back onto an even footing. (more…)
How first time buyers are faring in the current climate
Monday, August 24th, 2009It seems that no matter what happens first time buyers in the UK are destined to get a raw deal when it comes to trying to get onto the property ladder. (more…)
Banks ‘choking’ the housing market
Wednesday, August 19th, 2009Banks in the UK have been accused recently of ‘choking’ the housing market by failing to hand out mortgage loans, even to the best buyers with five star credit. (more…)
Are you relying on your property for your retirement?
Wednesday, August 12th, 2009Industry officials are forever warning us of the importance of thinking about the future in terms of our retirement and ensuring that we have something in place that will enable us to live comfortably once we have retired. (more…)
RICS predicts increase in property prices
Monday, August 10th, 2009Officials from the Royal Institute of Chartered Surveyors have predicted that there will be an increase in property prices over the coming three months, bringing fresh hope to the millions of people that have been affected by falling property prices since the onset of the global credit crunch. (more…)
Continued rise in property sales
Friday, July 24th, 2009There has been a continued increase in the number of properties being sold in the UK according to recently released figures from HM Revenue and Customs. (more…)
Average property prices drop in June
Tuesday, July 21st, 2009According to a recent report the average price of property in the UK fell in June following four months of increases. The data comes from the property website Right Move, which claims that in the weeks leading to 13th June property prices fell by 0.4 percent, which took the average property price to £226,436. (more…)
Can recovery in housing market be sustained?
Monday, July 6th, 2009Many industry officials have recently been speculating about whether any recovery in the housing market can be sustained, after figures released showed that mortgage interest rates have been increasing for the first time in the space of a year. (more…)
Rents driven down through unsold homes
Sunday, December 21st, 2008Recent figures have shown that rental prices on homes are being driven down as a result of the many homes that remain unsold on the UK’s property market. Property sales have been very low over recent months, and although they have increased slightly over recent weeks due to more realistic pricing from sellers, they did recently reach average lows of as bleak as less than one property sale per week per agent. (more…)
Extra help for homeowners announced as part of new measures
Thursday, December 18th, 2008As part of the package of measures that was announced in the recent pre-budget report, homeowners who lost their jobs are set to get extra help from the government to ensure that they do not lose their homes. Previously, the government covered interest payments on mortgages for those that had been out of work for at least thirteen weeks and could not meet repayments. However, this was up to a maximum of a mortgage value of £100,000. (more…)
Pressure on Gordon Brown over housing market
Monday, October 6th, 2008According to recent reports the Prime Minister, Gordon Brown, has been under increasing pressure over the past few days to follow the example of the United States is devising some sort of bailout plan for the housing market. The US government recently announced a $700 billion proposal that would be aimed at bailing out Wall Street, although the plan has come under severe criticism because it will be the taxpayer that foots the bill, and many are concerned that most taxpayers will not even benefit from the plan. (more…)
Wealthy buyers take advantage of difficult conditions in housing market
Thursday, September 25th, 2008Most people are aware that conditions in the housing market have become increasingly difficult over recent months, and with the mortgage sector still suffering the effects of the global credit crunch and with house prices falling, many homeowners have found that it is difficult or impossible to sell their homes. Estate agents have reported the poorest performance figures in years and there are even fears that many could lose their jobs due to lack of property sales. (more…)
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