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May 21st
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News related to property market

UK property prices up 2.7% in last 12 months to similar levels as mid 2008
2013-05-21 16:02:13 [Europe]

Overall average house prices in the UK are rising and were up 2.7% in the 12 months to the end of March 2013, according to the latest data published today (Tuesday 21 May) by the Office of National Statistics.

Read full article: [UK property prices up 2.7% in last 12 months to similar levels as mid 2008]
 
UK real estate agent franchise launches in India
2013-05-21 12:22:40 [Asia]

Winkworth, franchisor of London’s largest chain of residential estate agents, has announced a new venture into the international residential property market with the signing of a master franchising agreement in India and the opening of a new office in Bangalore.
Read full article: [UK real estate agent franchise launches in India]
 
Surge in mortgage applications from UK home buyers as fixed rates fall
2013-05-21 09:38:10 [Europe]

Total mortgage applications in the UK last month were up by more than 50% year on year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau, the UK’s leading independent mortgage broker.
Read full article: [Surge in mortgage applications from UK home buyers as fixed rates fall]
 
Latest figures suggest property price recovery is underway in the Spanish islands
2013-05-21 08:25:34 [Europe]

While the property market in most of Spain remains in the doldrums there are signs that it is picking up in the Canary Islands and the Balearics.
Read full article: [Latest figures suggest property price recovery is underway in the Spanish islands]
 
UK house builders seeking development sites as land prices creep up
2013-05-20 16:12:28 [Europe]

House builders in the UK are reporting increases in sales activity, improved balance sheets and a desire to boost development output leading them to actively seeking new sites, research shows.
Read full article: [UK house builders seeking development sites as land prices creep up]
 
Middle East developer begins work on luxury Baghdad tower
2013-05-20 14:55:52 [Middle East]

Middle East developer Damac Properties is to build a luxury tower in the Iraqi capital of Baghdad, signalling a leap forward for the country’s real estate market.
Read full article: [Middle East developer begins work on luxury Baghdad tower]
 
Price of new homes in the UK up by 1.9% last month, latest index report shows
2013-05-20 09:53:02 [Europe]

The average price of a new home in the UK was £236,122 in April 2013, compared to £231,797 in March, a monthly increase of 1.9%, the latest new homes index published today (Monday 20 May) shows.
Read full article: [Price of new homes in the UK up by 1.9% last month, latest index report shows]
 
England and Wales house prices up 9.1% since start of year, new figures shows
2013-05-20 08:40:40 [Europe]

A fifth consecutive monthly price rise in property prices in England and Wales means that average values have now risen by 9.1% or over $20,000 since the start of the year, according to new figures published today (Monday 20 May).
Read full article: [England and Wales house prices up 9.1% since start of year, new figures shows]
 
Property owners in the UK more confident about price rises
2013-05-17 15:04:37 [Europe]

Home owners in London are more confident that the value of their property will rise in the coming 12 months that at any time since 2009, according to the latest Knight Frank/Markit House Price Sentiment Index (HPSI).
Read full article: [Property owners in the UK more confident about price rises]
 
Home building increased in England in the first quarter of 2013
2013-05-17 14:49:22 [Europe]


House building starts in England have increased in the first three months of 2013 giving the residential property market at boost.

Read full article: [Home building increased in England in the first quarter of 2013]
 
Talks over future of flood insurance for UK properties still bogged down
2013-05-17 11:10:41 [Europe]

The Association of British Insurers has pledged to voluntarily meet their commitments to offering flood insurance for residential properties for an extra month after the current industry flood insurance agreement expires on 30 June.
Read full article: [Talks over future of flood insurance for UK properties still bogged down]
 
New cooling measures result in rush of sales of luxury property in China
2013-05-17 10:01:09 [Asia]

The implementation of further tightening measures by the central government in China is expected to slower the pace of luxury residential price growth in 2013.
Read full article: [New cooling measures result in rush of sales of luxury property in China]
 
Spanish plans to licence all holiday rentals adding to confusion over tourist lets
2013-05-16 14:04:21 [Europe]

Confusion surrounds plans by the Spanish government to licence the letting of holiday homes with conflicting advice making home owners unsure whether or not they will have to comply if new rules are introduced.
Read full article: [Spanish plans to licence all holiday rentals adding to confusion over tourist lets]
 
Property asking price reductions in the UK fall to lowest level in three years
2013-05-16 11:56:53 [Europe]

The number of properties currently for sale in the UK that have been reduced in price since first coming onto the market has fallen to its lowest level in almost three years, according to new research out today (Thursday 16 May).
Read full article: [Property asking price reductions in the UK fall to lowest level in three years]
 
Property lending increasing across most of Australia, latest figures show
2013-05-16 07:13:13 [Australasia]

Lending for new homes in Australia increased across nearly all categories during March which points to a strengthening of market activity, according to the Housing Industry Association, the voice of the country’s residential building industry.
Read full article: [Property lending increasing across most of Australia, latest figures show]
 
Majority of property buyers can’t imagine themselves in their new home, research finds
2013-05-15 15:42:35 [Europe]

Some 70% of property hunters in the UK cannot imagine what their new home will look like even after seeing it in person, according to new research published today (Wednesday 15 May)
Read full article: [Majority of property buyers can’t imagine themselves in their new home, research finds]
 
Warning over increase in mortgage fraud targeted at landlords and property investors
2013-05-15 10:17:45 [Europe]

There has been a sharp rise in the number of unscrupulous property agents and discount websites who lull property investors and landlords into a false sense of security, claiming they can buy a property without putting any money down and involving them in mortgage fraud, it has been revealed.
Read full article: [Warning over increase in mortgage fraud targeted at landlords and property investors]
 
Average asking prices rise throughout the UK with London maintaining high growth
2013-05-15 09:12:02 [Europe]

Average asking prices for residential property increased by 0.7% across the UK with regional markets bouncing back and even outperforming London, the latest asking price index shows.
Read full article: [Average asking prices rise throughout the UK with London maintaining high growth]
 
Europe sees high levels of direct investment in commercial real estate
2013-05-15 08:06:13 [Europe]

The first quarter of 2013 saw high levels of direct real estate investment across Europe, building on the momentum at the end of 2012, as both international and domestic investors targeted commercial real estate assets, according to analysts.
Read full article: [Europe sees high levels of direct investment in commercial real estate]
 
UK housing market activity accelerated last month
2013-05-14 15:37:04 [Europe]

Activity in the UK housing market valuations sector accelerated in April with  annual growth reaching 39%, according to chartered surveyors Connells Survey & Valuation.
Read full article: [UK housing market activity accelerated last month]
 
Property prices fall 2.4% in New Zealand, but sales remain strong
2013-05-14 13:18:03 [Australasia]

Residential property prices in New Zealand eased back in April but sales volumes remain strong, according to the latest market report from the Real Estate Institute of New Zealand.
Read full article: [Property prices fall 2.4% in New Zealand, but sales remain strong]
 
Help to Buy already boosting UK housing market says RICS
2013-05-14 11:57:20 [Europe]

The UK government’s recently announced Help to Buy scheme as boosted demand for property which rose to its highest level in over three years during April, according to the latest report from the Royal Institute of Chartered Surveyors (RICS).
Read full article: [Help to Buy already boosting UK housing market says RICS]
 
Value of penthouses in London soars
2013-05-14 09:30:32 [Europe]

The value of penthouses currently being sold in London now exceeds £1 billion, according to new research by property company CBRE.
Read full article: [Value of penthouses in London soars]
 
Median home prices in US metro areas continued upwards in first quarter of 2013
2013-05-13 15:42:21 [North America]

Median home prices in Metropolitan areas in the United States continued to rise in the first quarter, with the national gain showing the best year on year performance in over seven years, according to the latest quarterly report from the National Association of Realtors.
Read full article: [Median home prices in US metro areas continued upwards in first quarter of 2013]
 
New real estate advisory service set up for buyers of vineyards
2013-05-13 09:25:29 [Global News]

Christie’s International Real Estate has launched a property advisory service aimed specifically at international buyers of vineyard estates.
Read full article: [New real estate advisory service set up for buyers of vineyards]
 
More housing areas become affordable in the UK in last 12 months
2013-05-13 08:08:29 [Europe]

Some 38% of towns in the UK are now affordable for home purchase, compared to 4% in 2008, new research shows, with Scotland and Wales among the most affordable.
Read full article: [More housing areas become affordable in the UK in last 12 months]
 
Survey reveals inadequate knowledge of the mortgage market among US buyers
2013-05-10 16:23:00 [North America]

After several years of depressed demand for homes, buyers in the United States are returning to the market in droves but many are ill prepared when it comes to applying for a mortgage, according to a new survey.
Read full article: [Survey reveals inadequate knowledge of the mortgage market among US buyers]
 
Abu Dhabi residency rules impacting on property market, new report suggests
2013-05-10 14:58:11 [Middle East]

The ruling in Abu Dhabi that government employees must live in the emirate to qualify for housing allowances is starting to have an impact on the local property market, according to a new report.
Read full article: [Abu Dhabi residency rules impacting on property market, new report suggests]
 
Latest figures show UK buy to let lending is on the increase
2013-05-10 08:56:18 [Europe]

The buy to let mortgage market in the UK is performing well again a backdrop of robust demand and is growing as an overall proportion of the property lending market, according to the Council of Mortgage Lenders.
Read full article: [Latest figures show UK buy to let lending is on the increase]
 
Real estate markets in the emirate of Sharja remain resilient says Cluttons
2013-05-09 15:59:42 [Middle East]

The real estate market in Sharjah remains resilient and is one of the Emirate’s top performing sectors, according to the latest report from property firm Cluttons.
Read full article: [Real estate markets in the emirate of Sharja remain resilient says Cluttons]
 
Help to Buy will not stimulate UK housing market as much as govt claims
2013-05-09 11:00:05 [Europe]

New government measures, designed to help credit worthy buyers on and up the housing ladder, will stimulate the property market and boost house building, according to leading property advisors Savills, but not as much as the government has claimed.
 
Read full article: [Help to Buy will not stimulate UK housing market as much as govt claims]
 
Residential property sales edging upwards in Canada, prices more varied, latest data shows
2013-05-08 10:15:54 [North America]

National home sales in Canada edged upward on a month on month basis in March but they are still well below levels of a year ago, according to the latest data from the Canadian Real Estate Association.
Read full article: [Residential property sales edging upwards in Canada, prices more varied, latest data shows]
 
Homes sales surge ahead in Miami as strong interest from foreign buyers continues
2013-05-07 16:48:23 [North America]

Prices of single family homes in Miami have surged with the market overall seeing price growth for 16 months in a row, the latest data from the Miami Association of Realtors shows.
Read full article: [Homes sales surge ahead in Miami as strong interest from foreign buyers continues]
 
Central London office leasing activity healthy despite Q1 fall in take up
2013-05-07 12:43:16 [Europe]

Take up in the central London office market totalled 2.6 million square meters in the first quarter of 2013, a fall from the previous quarter’s level and around 6% below the five year average, the latest data shows.
Read full article: [Central London office leasing activity healthy despite Q1 fall in take up]
 
RICS calls for compulsory regulation of UK estate agents
2013-05-07 12:18:03 [Europe]

The Royal Institution of Chartered Surveyors wants to see all estate agents in the UK compelled to sign up to a professional regulation scheme to make sure buyers are properly advised.

Read full article: [RICS calls for compulsory regulation of UK estate agents]
 
British buyers outspending overseas buyers in prime London market, agents suggest
2013-05-07 12:03:48 [Europe]

British buyers are now spending more on London prime residential property than overseas real estate investors, reversing the recessionary trend of overseas funds dominating the market, it is claimed.

Read full article: [British buyers outspending overseas buyers in prime London market, agents suggest]
 
Loud neighbours biggest turn off, say property buyers
2013-05-06 12:53:37 [Europe]

Anti social neighbours are the biggest turn off to prospective home buyers in the UK, according to a new survey.
Read full article: [Loud neighbours biggest turn off, say property buyers]
 
UK’s first National Self Build Week launched
2013-05-06 10:34:07 [Europe]

British property guru Kevin McCloud and Housing Minister Mark Prisk have formerly launched the first ever National Self Build Week which aims to help millions of people turn their self build dreams into a reality.
Read full article: [UK’s first National Self Build Week launched]
 
New home approvals fell again in Australia in March after revival in previous month
2013-05-06 09:36:11 [Australasia]

The number of residential building approvals in Australia fell by 5.5% during March, the largest monthly decline since July of last year.
Read full article: [New home approvals fell again in Australia in March after revival in previous month]
 
Lending by mutuals and building societies up in March
2013-05-06 07:24:22 [Europe]

Gross mortgage lending by building societies and other mutual lenders was £2.9 billion in March, up by 8% compared to the same month last year, the latest figures show.
Read full article: [Lending by mutuals and building societies up in March]
 
House price growth slowing to a more sustainable level in the US, latest index suggests
2013-05-03 16:22:06 [North America]

The national housing market in the United States showed signs of moderation in the first quarter of 2013 after months of robust and largely unsustainable annual home value appreciation, new research shows.
Read full article: [House price growth slowing to a more sustainable level in the US, latest index suggests]
 
New citizenship law set to attract Chinese property investors to Spain
2013-05-03 15:37:17 [Europe]

There is increased interest in foreign investment in the Spanish property market from Chinese buyers who are looking to invest €100 million, it is claimed.
Read full article: [New citizenship law set to attract Chinese property investors to Spain]
 
Europe fairing the worst in current global commercial property markets, survey shows
2013-05-03 15:09:37 [Global News]

Sentiment towards real estate markets generally remains positive away from the euro area and Central and Eastern Europe, according to latest Global Commercial Property Survey from the Royal Institution of Chartered Surveyors.
Read full article: [Europe fairing the worst in current global commercial property markets, survey shows]
 
Pay 50% more for a home near a Waitrose supermarket in London, research finds
2013-05-03 06:45:18 [Europe]

It is well known that access to good schools, transport and a vibrant high street all contribute to a strong local housing market and house price premiums, but now the new must have is an upmarket supermarket.
Read full article: [Pay 50% more for a home near a Waitrose supermarket in London, research finds]
 
World’s most expensive property prices set to grow by 27% in next five years
2013-05-02 15:11:01 [Global News]

The value of residential property purchases over £10 million in the world’s top financial hubs of London, New York, Hong Kong and Singapore is set to grow by 27% in the next five years according to a report released today by developers Candy & Candy.
Read full article: [World’s most expensive property prices set to grow by 27% in next five years]
 
Luxurious real estate and golfing community announced in Dubai
2013-05-02 13:48:13 [Middle East]

Damac Properties, the largest private developer of luxury real estate in the Middle East, has announced the launch of what it describes as the most luxurious golf community in the region.

 
Irish property prices still trending downwards, latest data shows
2013-05-02 11:57:37 [Europe]

Residential property prices in Ireland fell by 3% on an annual basis in March, slightly more than in the previous month, the latest published data shows.
Read full article: [Irish property prices still trending downwards, latest data shows]
 
First people to buy through UK’s Help to Buy scheme move in
2013-05-01 14:09:13 [Europe]

The first people to buy their home under the UK’s new £4.5 billion Help to Buy scheme have the keys to their new three bedroom semi detached house.
Read full article: [First people to buy through UK’s Help to Buy scheme move in]
 
UK property prices hardly moved last month, latest Nationwide data shows
2013-05-01 10:33:08 [Europe]

The price of a typical home in the UK hardly moved in April with the latest index from the Nationwide, published today (Wednesday 01 May) showing a fall of 0.1%.
Read full article: [UK property prices hardly moved last month, latest Nationwide data shows]
 
UK’s first property industry apprenticeship scheme launched
2013-04-30 13:59:03 [Europe]

Global commercial real estate services firm CBRE has launched a UK apprenticeship scheme, the first of its kind in the property sector, which will offer a route into an industry that has traditionally only recruited university graduates.
Read full article: [UK’s first property industry apprenticeship scheme launched]
 



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