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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. Recent statistics show that one in five repossessions during the first three months of 2013 were on buy [...]
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. The UK’s self build market requires significant further structural and cultural change if it is to become a conventional housing option within the next decade, according to the Build-it-Yourself Report [...]
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. These impediments are preventing some new home building and larger renovation jobs from proceeding, according to the Housing Industry Association, the voice of the country’s residential building industry. [...]
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. This is up from the 1.9% increase recorded in the 12 months to February 2013 and [...]
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. A master franchise for India has been agreed with Narayanan Soundararajan with the aim of [...]
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. The surge in activity was fuelled by 60% more buyers and driven by fixed rates [...]
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