Recent reports have disclosed the fact that in about 2000 streets in Britain, Europe, the average house value is around £1 million. You will find about 3 quarters of these so-called ‘Golden Streets’ in London. You’ll also find high concentration of such huge mansions in Richmond, Guildford and Leatherhead. As per Zoopala, a property related website, Virginia Water in Surrey is probably the only area outside London where the average value of properties is about 920,000 British pounds.   Continue reading ‘Billionaires rows in London have average home value worth £1 million’

The overall mortgage lending statistics for 2009 show a decline of 43% from £253 billion in 2008 to £143.7 billion in 2009. However, in December there was a positive uplift in lending figures.

This was propelled by an intense period of growth of year end housing completions, hence a staggering 14% increase of mortgage lending in comparison to November. This is 3% higher than December 2008 and the first time since October 2007 that the annual figures have converted into positive comparison numbers. It will be interesting to see how the re-introduction of stamp duty into the market affects the initial set of mortgage figures for 2010. Continue reading ‘Latest 2009 Property Analysis Proves Optimistic for 2010′

Recent figures from Hamptons International, a leading UK based property company show the UK market to be back on terra firma. Let us first examine the volume of sales and completions. At the end of 2009 and beginning of 2010, the market has and continues to be dominated by buyers and sellers who are keen to make a purchase. This is in contrast to the majority of investment buyers in the market during 2006/7. This change in buyer’s motivations has meant that the level of completions is up by nearly 50% year on year.  Continue reading ‘Buoyant Price and Sales Figures for UK Property Market’

With the UK’s property market still looking a little gloomy, it seems there may be a glimmer of hope peeking through in the For Sale By Owner (FSBO) property market. NetMovers, the UK’s leading commission free property portal who let people property for sale, have announced a larger growth this year than in any of their eight years of trading, in the ‘for sale by owner’ market. Continue reading ‘Housing Market Boom In For Sale By Owner Property’

In a bid to further assist first time buyers to get their foot onto that first all important rung of the property ladder, the Scottish Government has expanded a scheme which means that buyers will pay from 60 per cent to 80 per cent of the value of the property which will be subsidised by an interest free equity stake…
Continue reading ‘Shared Equity Scheme Helps Scottish First Time Buyers’

Affording a holiday during the credit crunch takes some creative thinking – thus a new trend of house swapping has sprung up, started by hard-up homeowners who are shunning pricey resorts and swapping their homes with strangers for that bargain break instead…
Continue reading ‘Families Turn To House Swapping For Holidays’

If your elderly parent has just died and you are dithering about what to do with their house, or you have moved out of your home and are trying to sell it during the current recession – don’t delay too long. New legislation from the UK Government has announced that anyone who leaves their house empty for six months or more could have it removed by the state and rented to tenants…
Continue reading ‘New Gov Legislation Targets UK’s Empty Houses’

Anti-social behaviour orders (ASBOs) are most associated with teenage hoodies making a menace of themselves on our streets. But now, they have been extended to estate agents in the form of ‘retail ASBOs,’ to try and curtail those who plaster areas with for sale signs on UK properties.
Continue reading ‘UK Property ASBO’s’