Rental shortage sees prices swell over 12% in London but is it sustainable in 2011?
The prime central London lettings market has seen average rental prices increase by over 12% year-on-year as demand continues to exceed supply, says Sandfords, one of the capital’s leading independent property consultants. The shortage is attributed to the exodus of buy-to-let investors from the market in the last few years, but landlords are beginning to […]
Shelter response to latest Council of Mortgage Lenders repossession figures
Responding to new Council of Mortgage Lenders figures showing there were 8,900 repossessions in July-September this year, Campbell Robb, Chief executive of Shelter said: “While repossessions are lower than predicted, annual levels are still the highest we have seen since the mid 1990s and the number of people in more than 12 months of arrears […]
Rural house prices double in a decade
Rural homeowners have seen the value of their property rise by more than £100,000 over the past decade, according to the latest annual Halifax Rural Housing Review. Based on Halifax’s own data, the average house price in rural Great Britain rose by 96%, or £102,722, from £107,250 in 2000 to £209,972 in 2010 — equivalent […]
Housing and legal bodies warn of 'dire consequences' from new mortgage rules
The Guardian newspaper today reported that a coalition of the UK’s leading housing and legal organisations have written to Chancellor George Osborne warning of "dire consequences" for homebuyers and the building industry if Financial Service Authority proposals for mortgage regulation are implemented. Eight influential bodies, including the House Builders Federation, the National Housing Federation and […]