Fewer homes to let means no ‘let-up’ in rising rents
The buoyancy of the UK rental market continues with over 40% of renters stating they believe rents will be higher in 12 months’ time, according to results from Rightmove’s latest quarterly Consumer Confidence Survey. Miles Shipside, director of Rightmove comments: “For the second consecutive quarter more than 40% of renters are revealing their fears of […]
Cost of renting rises further compared to home ownership
New research from property search website Zoopla.co.uk reveals that buying is more cost-effective than renting in 80% of British cities/towns. The figure is up from 74% in July as asking prices have come down and rents have increased. The average renter pays 9.9% more than an owner with a 5% mortgage The research compares current […]
Autumn rush fails to materialise for Persimmon
Persimmon Homes today confirmed that sales volumes have remained stable with sales prices and margins holding firm in Autumn 2010, despite below expected levels of visitors and reservations. The company would usually expect these to increase after the summer lull, however this increase has not been seen this quarter. Weekly sales saw a gradual increase […]
Barratt conforms weak autumn property market
The company reports that underlying selling prices have remained stable during the period, while total average selling price on completions increased by c. 9% to £180,000. Total completion revenues also increased by c. 9%, driven by relatively flat completion volumes and a significant increase in ASP compared to the prior year equivalent period. Total forward […]
Freeing up data – a nail in the coffin for Official Searches?
On 29th July the Government announced that the fee for carrying out a personal search of the Local Land Charges Register (formerly £22) was to be scrapped with effect from 17th August 2010. Subsequent guidance issued to local authorities by the CLG and DeFRA confirms that most CON29 information is ‘environmental information’ and should be […]