London attractive in UK Housing market

April 17, 2012 1 Comment

London attractive for UK Housing marketBuying a house in London is still the most interesting city for new buyers. Latest survey has pointed out that there has been an increase in the housing market in March.

The amount of inquiries from potential buyers increased last month. According to the Royal Institution of Chartered Surveyors (Rics), there was a 9 percent spike of surveyors that reported an increase of inquiries from potential buyers than surveyors who reported drop.

Possibly the beautiful weather played his part there. This could be one of the motivational factors that leaded to some new inquiries. Obviously, people tend to visit more open houses when it’s nice weather than when it’s cold and rainy. Read more of this post

Filed under Housing market, Property news Tagged with , , , ,

Spare a Thought for the Property Industry Second-Steppers!

March 20, 2012 Leave a comment

Second-SteppersWe hear a lot in the media about how difficult it is to buy your first home, but what about the next level up? The second steppers – those who would usually be selling to the first time buyers. Not only has their target market significantly reduced in size, they are being squeezed from other angles too. We take a look at the main issues affecting this group.

There are three main reasons for why second steppers are finding it difficult to sell their properties… Read more of this post

Filed under Property market economy, Property news Tagged with , , , ,

NewBuy scheme not welcomed by all estate agents

March 15, 2012 1 Comment

NewBuy schemeIn a bid to boost the flagging property market, the Coalition government has unveiled a NewBuy guarantee scheme said to be backed by £1bn of government money. Housebuilding companies are hoping to see an uplift in purchases of new homes – sales figures are running at about half the 2007 level, according to The Independent.
The government needs to get lenders on side, though, to implement the scheme, which offers a mortgage indemnity guarantee (MIG) to buyers of new homes who only have a 5% deposit.

David Cameron said “It’s no good hoping people will climb the property ladder if the bottom rung is missing.” David Cookson, mortgage advisor for Manchester-based estate agent Harvey Scott, said, “Any help the housing market can be provided with at this moment in time has to be welcomed with open arms. Read more of this post

Filed under Housing market, Property news Tagged with , , , ,

Follow

Get every new post delivered to your Inbox.