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News related to Property

US property sales up but slowing due to lack of homes and tight lending
2013-05-23 16:23:04 [North America]
Existing home sales in the United States rose in April but remain below underlying demand because of limited inventory and tight credit, according to the latest analysis from the National Association of Realtors.Read full article: [US property sales up but slowing due to lack of homes and tight lending]
 
Property prices up slightly in Jersey in the first quarter of 2013
2013-05-23 15:55:57 [Europe]
Residential property prices in Jersey in the Channel Islands rose slightly in the first three months of 2013 but overall values are similar to averages recorded in 2011 and 2012, the latest data shows.Read full article: [Property prices up slightly in Jersey in the first quarter of 2013]
 
Welsh property prices down as lack of lending slows market
2013-05-23 10:06:38 [Europe]

Residential property prices in Wales have fallen back to levels last seen in December 2010 as lack of lending squashed demand, it is claimed.
Read full article: [Welsh property prices down as lack of lending slows market]
 
Selling times for UK properties falling in most areas
2013-05-23 08:08:00 [Europe]
The amount of time it takes to sell a house in regional areas of the UK is falling as properties have begun to sell faster, research suggests.
Read full article: [Selling times for UK properties falling in most areas]
 
New home market in US boosted in first three months of 2013
2013-05-22 14:09:18 [North America]

Nationwide single family building permits in the United States in the first three months of 2013 have increased by 27% from a year ago to the highest first quarter total since 2008.
Read full article: [New home market in US boosted in first three months of 2013]
 
Gardens and roof terraces add premium to most sought after properties
2013-05-22 13:50:55 [Europe]

Gardens and roof terraces can boost the value of a property by as much as 30% or more in some cases, especially in sought after areas of London, research suggests.
Read full article: [Gardens and roof terraces add premium to most sought after properties]
 
Warning for landlords and investors over size of contingency fund needed for buy to let
2013-05-22 11:21:29 [Europe]

Residential investors and landlords in the UK are not factoring in the costs of owning a buy to let property with a contingency fund and this is leading to an upward trend in repossessions, it is claimed.
Read full article: [Warning for landlords and investors over size of contingency fund needed for buy to let]
 
Report calls for less red tape and more lending for self build in the UK
2013-05-22 08:45:16 [Europe]

Less red tape and longer term government initiatives are needed to push self build in the UK into the mainstream, according to a new report.
Read full article: [Report calls for less red tape and more lending for self build in the UK]
 
New build sector being held back by lack of lending and financial constraint, says HIA
2013-05-22 08:14:24 [Australasia]

Cautious household attitudes are continuing to restrain expenditure on residential construction in Australia, although many prospective buyers are being impeded by tight credit conditions, it is claimed.
Read full article: [New build sector being held back by lack of lending and financial constraint, says HIA]
 
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 govt to hit non-dom property owners with new inheritance tax rules
2013-05-21 13:38:04 [Global News]

The UK government has launched what is described as an unexpected attack on debt relief on inheritance tax (IHT) that may impact on the tax arrangements of the so called non-doms who own high value property in the country, according to legal experts.
Read full article: [UK govt to hit non-dom property owners with new inheritance tax rules]
 
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]
 
More UK home owners go for improvements rather than moving, research shows
2013-05-20 13:08:02 [Europe]

Property owners across the UK are increasingly investing to improve their homes rather than looking to move during the current economic climate, new research suggests.
Read full article: [More UK home owners go for improvements rather than moving, research shows]
 
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]
 
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]
 
Residential rents rise across England and Wales for the first time since 2011
2013-05-17 08:43:43 [Europe]

For the first time since 2011 every region of England and Wales has seen annual residential property rent rises, new data published today (Friday 17 May) shows.
Read full article: [Residential rents rise across England and Wales for the first time since 2011]
 
Backing for plan to let London use stamp duty revenues for re-investment in the city
2013-05-16 14:28:01 [Europe]

London’s Mayor Boris Johnson has endorsed the findings of a new report that proposes that all property tax revenue should be used to fund reinvestment in the growing city.
Read full article: [Backing for plan to let London use stamp duty revenues for re-investment in the city]
 
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]
 
Permitted development rules change in UK welcomed
2013-05-15 12:15:17 [Europe]

The long awaited changes to permitted development rules have now been published by the UK government, aiming to stimulate development activity for buildings that are vacant or underused have been welcomed as a positive step for property across the UK.
Read full article: [Permitted development rules change in UK welcomed]
 
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]
 
Latest CML figures suggest first time buyers are getting more mortgages approved
2013-05-14 11:26:47 [Europe]

First time buyer activity in the UK remained strong in March with the number increasing by 20% according to data published today (Tuesday 14 May) by the Council of Mortgage Lenders.
Read full article: [Latest CML figures suggest first time buyers are getting more mortgages approved]
 
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]
 
Average property prices rise across most of Asia in first quarter of 2013
2013-05-13 13:22:12 [Asia]

Average luxury property prices in Asia are continuing to increase with only Hong Kong and Singapore seeing values fall, according to the latest residential index from Jones Lang LaSalle.
Read full article: [Average property prices rise across most of Asia 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]
 
Knight Frank predicts slowdown in Hong Kong property market
2013-05-10 10:06:00 [Asia]

The residential property market in Hong Kong is expected to shrink and slow this year as stamp duty changes and new rules on selling affect buyer sentiment.
Read full article: [Knight Frank predicts slowdown in Hong Kong property market]
 
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]
 
Building Societies urge UK govt to adopt more holistic approach to property lending
2013-05-09 09:40:36 [Europe]

The UK government should adopt a more holistic approach to managing the housing market as there are potential choppy water ahead in relation to changing capital requirements, it is claimed.
Read full article: [Building Societies urge UK govt to adopt more holistic approach to property lending]
 
Foreign buyers encouraged to London by weak pound and safe haven status
2013-05-09 08:35:40 [Europe]

The weak pound has made property in prime central London even more enticing to foreign investors seeking safe havens and will continue to do until 2018, according to Knight Frank’s latest London Residential Review.
Read full article: [Foreign buyers encouraged to London by weak pound and safe haven status]
 
Panel of real estate experts predict average home values in US will grow 4.6% in 2013
2013-05-08 16:35:25 [North America]

Real estate experts, including economists, investment analysts and market strategists, expect average home values in the United States to grow by 4.6% in 2013.
Read full article: [Panel of real estate experts predict average home values in US will grow 4.6% in 2013]
 
Prime property market in central London recovers from stamp duty hikes
2013-05-08 15:48:57 [Europe]

Property prices in the prime central London market have risen 25% since March 2012, equivalent to £27 for every hour of every day and now stand at an average of £1,186,817, according to an analysis of Land Registry figures.
Read full article: [Prime property market in central London recovers from stamp duty hikes]
 
French estate agent on recruitment drive
2013-05-08 11:36:53 [Company News]
French estate agents Leggett Immobilier has announced it is undertaking a major recruitment in France for people to work with UK buyers and from other international markets.Read full article: [French estate agent on recruitment drive]
 



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