Real Estate

real-estate

Ian  

Houses back on the up

Houses back on the up

The house market has picked up, which is mildly good news for people who can afford a house. Seller's asking prices jumped by 9% month-on-month in September to reach £264,875 on average across England and Wales, Rightmove said. Asking prices have recorded a typical monthly fall of 0.5% in September over the last 10 years,…

If you’re single, you can’t buy a house in London

Unless you’ve got some fabulous form of private income, or your Dad owns Rutland, chances are you’ll be completely priced out of the market in London if you don’t have a well-to-do partner. Now, for single people, the average cost of a home is nine times one person’s salary - the highest it’s ever been.…

Lucy  

We're going DIY crazy

We're going DIY crazy

Bring back Changing Rooms!! As the housing market is back on the up, so too are sales of DIY products. Yes, after almost a decade in the doldrums, people are dashing once again to B&Q and Homebase to stock up on stone cladding. According to a survey by Barclaycard, spending in DIY stores reached a…

Sorry, the Bank of England can't do anything about the housing bubble

Would you believe it – the Bank of England says it has ‘no power’ over the massive property bubble at the higher end of the housing market, bringing a return to outrageous prices in London. Speaking on the Andrew Marr show, Mark Carney, the guv’nor, played down the idea that there actually WAS any bubble,…

Lucy  

Housing market DOOM ahead

Housing market DOOM ahead

It might not seem that way, but we are, apparently, living in a ‘benign period' - when it comes to interest rates, anyway. But the Council of Mortgage Lenders has hinted that this nirvana of low interest rates could soon come to an end - leaving homeowners penniless and living on the streets. The CML…

Lucy  

Gazumping is back!

Gazumping is back!

You might have thought that gazumping had gone the way of yuppies, deeley boppers and Howard’s Way, but ludicrous house prices – particularly in London- mean that buyers are using underhand tactics to get the home of their dreams. According to research by Hometrack, the sellers hold all the cards, with price rises of up…

Lucy  

Sell your house. NOW.

Sell your house. NOW.

Sellers are returning to the housing market in their droves, according to the Royal Institute of Chartered Surveyors. They’ve been 26% busier in August compared to 16% in July. There’s also been 66% more inquiries from potential buyers last month, thanks to the government Help to Buy scheme. All this activity is an encouraging sign,…

What recession? Mortgage lending up by a fifth

Despite the fact that we’re all on the skids, queuing at food banks and living in rented hovels, there’s been a surprise rise in mortgage lending, according to the Council of Mortgage Lenders. In May it hit the highest level since October 2008 - £14.7bn - leaving even lenders wondering WTF is going on. Some…

Hollow victory against Skipton building society?

For those of us currently riding the standard variable rate (SVR) gamble, the recent news that inflation fell last month is good news, as lower inflation means that interest rates are less likely to go up. Or at least not right now. This means that we can continue to benefit from paying less while interest…

Interesting interest rates and the house price gamble

The UK has just celebrated the 2nd birthday of the rock-bottom 0.5% interest rate. Cakes and balloons all round. However, with a third member of the monetary policy committee now joining the votes for a rate rise, what effect could this have on mortgage rates? Many people are currently sitting on the standard variable fence-…