According to a report issued by RICS (Royal Institute of Chartered Surveyors), the rebound in the UK housing market has run out of steam. RICS have reported that 19% more chartered surveyors have reported price falls opposed to rises, and … Continue reading
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Halifax pledge to pay half Stamp Duty
The UK’s largest mortgage provider, Halifax, has pledged to assist first time buyers and homeowners by paying 50% of the Stamp Duty on properties valued up to £250,000. Research data released by the lender has indicated that 49% of all … Continue reading
The Bahamas is declared a buyers market
Real estate agents have now declared that The Bahamas is now a buyers market – property prices are dropping by 30-50%. As the property market is slowing, homeowners who are selling are being forced to lower their asking prices to … Continue reading
Strong UK property market performance in Q1 2012
The UK property market appears to have had a strong start in 2012, with asking prices increasing by over £3000 in the first quarter of this year, according to the latest index released by www.FindaProperty.com. Asking prices have increased by … Continue reading
Turkish property prices increase while prices in Dublin continue to fall
According to the latest REDIN GYODER house price index, national prices for existing residential property increased by nearly 1% in March 2012. The greatest rise was experienced in Istanbul which saw a rise of 1.18%. Elsewhere in the world, the rate of … Continue reading
Average UK residential property prices down
According to leading property website Zoopla, the average UK residential property price has fallen by nearly 2% in Q1 of 2012. The figure now stands at £215,436, down 1.7% which equates to £3,708 from the end of 2011. The fall … Continue reading
Year on year property lending shows encouraging signs
Lending to home movers and first time buyers in the UK increased in Feb 2012, according to figures released today (16/04/2012) from the CML (Council of Mortgage Lenders). This data release also highlighted the fact that the bigger increase was … Continue reading
Co-operative raises mortgage costs for over 54,000 homeowners
The Co-operative Bank has become the latest lender to increase the rate it charges mortgage customers, in a move that will affect more than 54,000 households. The standard variable rate will increase by 0.5% to 4.74% from 1 May 2012. … Continue reading
UK property growth turns negative for the first time in 2012
According to the latest figures released yesterday (20th March), the price of a typical UK home fell by 1% in March and the average value is £163,327 – 0.9% lower than a year ago. This means that the year on … Continue reading
7% mansion tax introduced on UK properties valued over £2m
Stamp duty on properties in the UK will increase to 7% for all residential properties worth over £2 million, George Osborne (Chancellor of the Exchequer) has confirmed. This mansion tax equates to a minimum contribution of £140,000 by someone buying a … Continue reading
