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News related to property market

US property cash sales now at lowest since 2010, latest data shows
2014-08-20 15:32:21 [North America]
Cash sales made up 34.4% of total home sales in the United States in May 2014, the lowest share since May 2010, the latest data shows.Read full article: [US property cash sales now at lowest since 2010, latest data shows]
 
Half of UK home owners not concerned about interest rate rises, poll suggests
2014-08-20 14:52:36 [Europe]
With a consensus that the first Bank of England base rate interest rise since July 2007 is drawing ever closer on the horizon, it seems that around half of UK home owners are unconcerned about it.Read full article: [Half of UK home owners not concerned about interest rate rises, poll suggests]
 
Concerns about burden of immigration checks on UK landlords
2014-08-20 14:13:41 [Europe]
New rules for UK regarding the immigration status of new tenants are set to place an unfair burden on landlords and lettings agents, it is claimed.Read full article: [Concerns about burden of immigration checks on UK landlords]
 
Forget open plan living and get yourself a party barn instead
2014-08-20 13:54:45 [Europe]
Must haves in the property world change all the time with the current list now including party barns, dressing rooms and plunge pools.
Read full article: [Forget open plan living and get yourself a party barn instead]
 
UK gross mortgage lending up 7% month on month
2014-08-20 09:15:54 [Europe]
Gross mortgage lending in the UK reached £19.1 billion in July, some 7% higher than the previous month, according to the latest figures from the Council of Mortgage Lenders.Read full article: [UK gross mortgage lending up 7% month on month]
 
Monaco gets it first skyscraper since the 1980s as demand soars for luxury homes
2014-08-19 16:38:49 [Europe]
The world’s wealthiest people are looking to Monaco, the tax haven on the French Riviera, to buy property due to its low tax and banking services, but there is a lack of space.Read full article: [Monaco gets it first skyscraper since the 1980s as demand soars for luxury homes]
 
Slight easing in house price growth in the UK in June, ONS data reveals
2014-08-19 12:38:13 [Europe]
UK house prices increased by 10.2% in the year to June 2014, down from 10.4% in the year to May 2014, the latest official figures show.Read full article: [Slight easing in house price growth in the UK in June, ONS data reveals]
 
Property sales in Spain up 8.8% boosted by foreign buyers
2014-08-19 12:17:03 [Europe]
Residential property sales in Spain increased by 8.8% in June compared to the same month a year ago, the latest data from the National Statistics Institute shows.Read full article: [Property sales in Spain up 8.8% boosted by foreign buyers]
 
Supply and demand creating rent fluctuations in prime London market
2014-08-19 09:41:29 [Europe]
A shift in supply and demand in the London prime property rental market is resulting in marked variations depending on location.Read full article: [Supply and demand creating rent fluctuations in prime London market]
 
Average property prices in Jersey up 5% quarter on quarter
2014-08-19 08:07:54 [Europe]
The average price of a typical three bedroom house in Jersey increased to the highest it has been for three years in the second quarter of 2014, the latest official data shows.
Read full article: [Average property prices in Jersey up 5% quarter on quarter]
 
Only half of new UK home buyers understand new mortgage rules, research shows
2014-08-18 15:23:14 [Europe]
Only half of aspiring home owners in the UK are aware of the new Mortgage Market Review rules that were introduced in April, according to new research.Read full article: [Only half of new UK home buyers understand new mortgage rules, research shows]
 
Higher fees and mortgage cap hitting prime property price growth in Dubai
2014-08-18 12:11:02 [Europe]
Higher fees and the recently introduced mortgage cap are having an effect on the prime property market in Dubai with price growth weakening.Read full article: [Higher fees and mortgage cap hitting prime property price growth in Dubai]
 
Scotland sees average rents rise much faster than rest of UK
2014-08-18 08:13:30 [Europe]
The private rental market in Scotland saw a sharp rise with average rent prices rising 10% last month compared to 4.4% in the UK as a whole.Read full article: [Scotland sees average rents rise much faster than rest of UK]
 
House price growth continues to moderate in Australian capital cities
2014-08-15 10:30:19 [Australasia]
Residential property price growth in Australia has moderated with values in capital cities up just 1.7% in the second the second quarter of the year.Read full article: [House price growth continues to moderate in Australian capital cities]
 
House prices close to Premier League football clubs up 129% in a decade
2014-08-15 09:42:38 [Europe]
With the football season starting in the UK an annual analysis of the price of homes close to Premier League football grounds shows that they have increased by 129% over the last 10 years.Read full article: [House prices close to Premier League football clubs up 129% in a decade]
 
Investing in property loan bridging sector providing good annual returns, it is claimed
2014-08-15 08:28:40 [Europe]
Property bridging loans have provided investors with the greatest annual returns and the lowest volatility across a range of alternative asset classes, according to the latest research.Read full article: [Investing in property loan bridging sector providing good annual returns, it is claimed]
 
Strong demand from home and abroad fuelling Miami real estate market
2014-08-14 17:03:21 [North America]
The Miami residential real estate market continued to see rising prices in the second quarter of 2014 due to strong demand, according to the latest report from estate agents.Read full article: [Strong demand from home and abroad fuelling Miami real estate market]
 
UK asking price growth slowing, latest data shows
2014-08-14 13:01:28 [Europe]
Much has been written about the property market in prime central London cooling but there are now signs that this is spreading to other parts of the country as asking prices begin falling.Read full article: [UK asking price growth slowing, latest data shows]
 
Home owners in arrears and repossession continue to fall in the UK
2014-08-14 10:26:50 [Europe]
Mortgage arrears and possessions in the UK continued to fall in the second quarter of 2014, according to the latest data published by the Council of Mortgage Lenders.
Read full article: [Home owners in arrears and repossession continue to fall in the UK]
 
UK housing market pauses as buyer demand slows
2014-08-14 08:28:12 [Europe]
Demand for new homes in the UK fell slightly in July, the first monthly decline since January 2013, according to the latest residential market survey from the Royal Institution of Chartered Surveyors.Read full article: [UK housing market pauses as buyer demand slows]
 
Prime central London flat sales down 11% year on year
2014-08-13 16:51:06 [Europe]
Flat sales in the prime central London property market are down 11% year on year but house transactions are up 20%, the latest market report shows.Read full article: [Prime central London flat sales down 11% year on year]
 
Property market in Cyprus showing shoots of recovery
2014-08-13 14:04:51 [Europe]
There are signs that the property market in Cyprus is recovering from the downturn which saw sales plunge and prices fall considerably after the island has to seek financial back up from the European Union.
Read full article: [Property market in Cyprus showing shoots of recovery]
 
First time buyers boosting property growth in UK, according to surveyors
2014-08-13 11:11:40 [Europe]
First time buyers have boosted annual growth in the UK’s housing market activity despite a seasonally quiet month of July, according to the latest research from chartered surveyors. Read full article: [First time buyers boosting property growth in UK, according to surveyors]
 
Robust property market in Scotland ahead of referendum vote
2014-08-13 08:39:54 [Europe]
Annual house price growth in Scotland has reached a four year high with property prices up 5.7% in a year, outpacing many other parts of the UK.
Read full article: [Robust property market in Scotland ahead of referendum vote]
 
Property market in New Zealand sees seasonal slowdown
2014-08-12 15:31:45 [Australasia]
The property market in New Zealand is experiencing a slight slowdown with rising interest rates and the forthcoming election influencing buyer behaviour.Read full article: [Property market in New Zealand sees seasonal slowdown]
 
UK residential property sector sees switch from buyer’s to seller’s market
2014-08-12 12:13:52 [Europe]
The second half of 2014 is seeing a switch from a seller’s to a buyer’s market in the UK as a healthy supply returns, according to the latest market report.
Read full article: [UK residential property sector sees switch from buyer’s to seller’s market]
 
RICS to extend its role in promoting real estate professionalism in China
2014-08-12 10:47:37 [Asia]
The Royal Institution of Chartered Surveyors has signed a memorandum of understanding with a leading real estate association in China which is set to pave the way for higher standards in the country.Read full article: [RICS to extend its role in promoting real estate professionalism in China]
 
New study says UK landlords are leaving themselves exposed to tenant wrong doing
2014-08-12 09:54:10 [Europe]
UK landlords are leaving themselves exposed to the country’s worst tenants by failing to carry out basic checks, according to new research.Read full article: [New study says UK landlords are leaving themselves exposed to tenant wrong doing]
 
Basic property checks costing new home owners in repair bills
2014-08-12 08:25:13 [Europe]
UK home buyers missing basic checks when purchasing a property and as a result facing repair bills 45% higher than expected, a new study suggests.Read full article: [Basic property checks costing new home owners in repair bills]
 
New home sales market in Australia reports healthy growth
2014-08-11 15:52:48 [Australasia]
New home sales in Australia increased by 1.2% in June and were up 2% on a quarterly basis, according to the latest home sales report from the Housing Industry Association (HIA).Read full article: [New home sales market in Australia reports healthy growth]
 
UK home lending up as experts declare mortgage market is now healthy
2014-08-11 15:19:00 [Europe]
The mortgage industry in the UK in June was driven primarily by lending for homes rather than remortgages with volumes up by 6%, according to the latest report from the Council of Mortgage lenders.Read full article: [UK home lending up as experts declare mortgage market is now healthy]
 
Majority of UK landlords are part time or amateur, says NLA
2014-08-11 13:06:03 [Europe]
The National Landlords Association (NLA) is reminding UK landlords of the importance of understanding their obligations as its latest research shows that more than a quarter have been letting for less than five years.Read full article: [Majority of UK landlords are part time or amateur, says NLA]
 
New compulsory property valuation programme launched in Cayman
2014-08-11 10:56:51 [North America]
A new compulsory valuer registration programme for real estate in the Cayman Islands has been introduced with the aim of providing more confidence in the property market.Read full article: [New compulsory property valuation programme launched in Cayman]
 
Forthcoming UK election already affecting central London prime property as sales fall
2014-08-08 16:17:12 [Europe]
There are signs of uncertainty in central London’s prime property market but the outlook for residential prices is still good.Read full article: [Forthcoming UK election already affecting central London prime property as sales fall]
 
Most lenders in UK expect interest rate rise in early 2015
2014-08-08 15:21:44 [Europe]
The majority of lenders in the UK expect interest rates to rise early in 2015 and predict that existing home owners will be more affected than first time buyers.Read full article: [Most lenders in UK expect interest rate rise in early 2015]
 
UK farm land prices up 3% in first half of year
2014-08-08 12:27:39 [Europe]
Farm land prices in the UK increased by 3% in the first half of 2014 to £9,594 an acre, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).Read full article: [UK farm land prices up 3% in first half of year]
 
Price growth slowing in the US amid concerns about longer term sustainability
2014-08-08 10:26:45 [North America]
Year on year property price growth in the United States fell from 9% to 8.4% in July, raising concerns about the market’s ability to maintain long term growth.Read full article: [Price growth slowing in the US amid concerns about longer term sustainability]
 
Sales in England and Wales reach seven year high, latest index shows
2014-08-08 08:26:12 [Europe]
House sales in England and Wales have recovered to the highest level for seven years and average prices are up 9.9%, according to the latest index report to be published.Read full article: [Sales in England and Wales reach seven year high, latest index shows]
 
Scotland sees median house prices up 8% year on year
2014-08-07 16:56:04 [Europe]
Median house prices have increased by 4.2% to £187,500 across England and Wales year on year but in Scotland they are up 8% to £135,000 in the same period, the latest published data shows.
Read full article: [Scotland sees median house prices up 8% year on year]
 
Property values, tourism growth and easy air access boosting real estate in Turkey
2014-08-07 09:12:04 [Europe]
Rising property values, booming tourist numbers and ever improving air access is making Turkey more attractive to foreign real estate investors, it is claimed.Read full article: [Property values, tourism growth and easy air access boosting real estate in Turkey]
 
Study reveals home owners will be hit when UK interest rates rise
2014-08-07 08:29:54 [Europe]
Nearly one in 10 home owners in the UK say they will sell up if interest rates rise and a third say they will potentially struggle, new research has found.
Read full article: [Study reveals home owners will be hit when UK interest rates rise]
 
Australia has two tier property price market as growth continues in Sydney and Melbourne
2014-08-07 08:09:43 [Australasia]
Residential property prices in Australia’s capital cities increased by 1.1% in the second quarter of 2014 with Sydney and Melbourne continuing to drive a two tier housing market in the country.Read full article: [Australia has two tier property price market as growth continues in Sydney and Melbourne]
 
Strengthening economy and jobs market boost prime lettings in London
2014-08-06 15:24:43 [Europe]
A strengthening UK economy and more buoyant employment market has translated to a pick up in the prime lettings market in London in the first half of 2014.Read full article: [Strengthening economy and jobs market boost prime lettings in London]
 
Foreclosed homes in the US down 35% in June, latest data shows
2014-08-06 12:57:37 [North America]
The number of foreclosed homes in the United States on the market fell by 35% in June, the 17th month in a row when levels have fallen by more than 20%, the latest data shows.
Read full article: [Foreclosed homes in the US down 35% in June, latest data shows]
 
UK property prices still growing, according to latest Halifax index
2014-08-06 10:51:46 [Europe]
Recently data has been suggesting that in the UK property market price growth has been slowing but the latest index shows a month on month rise of 1.4%.
Read full article: [UK property prices still growing, according to latest Halifax index]
 
Luxury property prices rising in key global cities led by Jakarta and Dublin
2014-08-06 08:48:11 [Global News]
Luxury property prices in key cities around the world have increased by 6.2% year on year led by Jakarta and Dublin.Read full article: [Luxury property prices rising in key global cities led by Jakarta and Dublin]
 
Young buyers in UK spend less on their wedding as they want to buy a home
2014-08-06 07:59:40 [Europe]
Over a quarter of young British people would prefer to buy a house if they were given £20,000, rather than put the cash towards their wedding, a new survey shows.
Read full article: [Young buyers in UK spend less on their wedding as they want to buy a home]
 
UK sees private rental sector growth
2014-08-05 16:36:22 [Europe]
Monthly rents in the UK, excluding London, have increased by 4% annually to £689 with six tenants are chasing every available property across the country, the highest since 2011, the latest rental index showsRead full article: [UK sees private rental sector growth]
 
UK homes selling at their fastest since 2007, new research shows
2014-08-05 09:34:36 [Europe]
The average time it takes to sell a property in Britain has reduced to 88 days, some 16 days or 15.38% faster compared to the same time last year, new data shows.Read full article: [UK homes selling at their fastest since 2007, new research shows]
 
Spanish property prices set to recover in 2016 with 2% rise
2014-08-05 08:05:20 [Europe]
The residential property market in Spain is set to bottom out next year and see a 2% rise in prices in 2016, according to ratings agency Standard & Poor’s.Read full article: [Spanish property prices set to recover in 2016 with 2% rise]
 



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