2011 - PropertyQuoteDirect

Will the Eurozone Crisis Impact Mortgage Finance in 2012?

Posted on 30th December 2011

Sometimes somebody poses a question that is so complex that it’s nigh on impossible to answer – like how much would fresh instability in the middle east affect oil prices? Or whether the change of leader in North korea lead increase or decrease foreign direct investement in south korea? So as a landlord, you might just be thinking about the sovereign debt crisis in the eurozone and wondering whether it’s likely to affect your financing costs for next year.
Let’s face facts – your success as […]

House Prices at Eight Year Low

Posted on 28th December 2011

A recent survey that was carried out by Halifax has revealed that the number of first time buyers in Britain has fallen to a record low in 2011. This news is somewhat unsurprising when we take into consideration the dire state of the economy and the particularly difficult year the UK has had financially.
House Prices
House prices have declined to their lowest levels in eight years; however this still hasn’t helped boost figures for first time buyers. This is due to the fact that those prospective […]

Property Sales Hit Year High

Posted on 23rd December 2011

Figures that have been released by HM Revenue & Customs have revealed that home sales have hit their highest monthly level of the year so far in November. During last month there were 85,000 property sales, up from 79,000 in October.
Sales Have Decreased in 2011
However, before we get too carried away in thinking the housing market is about to lift off the ground, we must consider the fact that the number of sales between January and October this year were lower than the same period […]

Gloomy UK Housing Market

Posted on 21st December 2011

The wealth of the UK property market has plummeted during the recession, which has given rise to further claims and evidence of the scale of the housing market slump. Figures have been published by the Office for National Statistics (ONS) that show net household property wealth for all the private households in the UK has decreased by over £131 billion between 2006/08 and 2008/10.
Monetary Terms
Percentage wise that represents a 3.7% drop, however it is in monetary terms that we can really understand this decline.
The total […]

2011 Creates Property Millionaires

Posted on 19th December 2011

2011 has been a mixed year for many home owners it seems, especially now with the news that this year has created 26,744 new property millionaires, despite the average property price in the UK falling by 3% to £221,128.
Millionaires Created Every Day
A high demand for prime properties from equity-rich buyers coupled with relatively low supply of large homes has helped to create 73 new property millionaires every single day in 2011. This information has been revealed by Zoopla.co.uk. Another rather astonishing figure is that one […]

Up and Down Property Prices

Posted on 16th December 2011

In the news this week there has been a lot of talk about property prices around the UK. Some are rising, mainly London, but most seem to be declining still.
Amongst those that have seen declining prices is Scotland. The Scottish property market has seen prices declining over the past 12 months on the whole. However this has been calculated off the back of a three month period in the summer where prices rose by a total of 1.5%. October put a stop to this however […]

Optimism for Landlords in 2012

Posted on 14th December 2011

While I was browsing the property sphere I came across a very interesting article discussing landlord optimism in the New Year. It seems that studies have been carried out within the private rented sector in order to indicate that landlords are excited about the prospects for next year.
Landlord Survey
The research was carried out by the Royal Institute of Chartered Surveyors (RICS) and Paragon Mortgages and it certainly looks like landlords are expecting to bolster their property portfolios in the coming year. Even this year landlords […]

New Beginnings

Posted on 12th December 2011

An estate agency, specifically Connells in Leamington, has urged those homeowners looking to sell their property at the turn of the New Year to ensure their property is ready for, what is, a traditional New Year rush.
Prime Time
Connells have stated that January is a prime time for people to move home, and buyers are likely to begin looking around the property market for a new home at the beginning of the New Year. New year, new start and all that…
For those selling up, in order […]

London Property Prices Rise

Posted on 9th December 2011

A report has revealed that foreign investors seeking a safe haven for their money have helped boost property prices in London. The average value of a Greater London home has increased by 3.1% in November when compared with the same month last year.
Static Prices
Prices across England and Wales, on average, remained relatively static in November, and LSL Property Services Commercial Director, David Brown, has been commenting: “The resilience of property prices indicates that mortgage lenders and property buyers have not so far been spooked by […]

UK Property Prices Decline

Posted on 7th December 2011

A house pricing report released by Halifax recently has shown that house prices, on average, fell by 0.9% in November and the average house price now stands at around £161,700. This is positive news for prospective homeowners, and for landlords looking to expand their property portfolios!
Housing Market
The housing market has been looking increasingly difficult to get on to in recent months as the economic crisis deepens as many of us Brits struggle to raise enough funds to afford a decent mortgage, or any mortgage whatsoever.
Housing […]