housing market
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Latest property news
£1.6billion lost from UK house prices, says home.co.uk
Latest property price figures reveal stock rising, prices falling, according to Home.co.uk.
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Latest property news
Eleven million households ‘stuck’ outside or on property ladder, claims lobbying group
Over 11 million households in the UK cannot progress either into home ownership or up the property ladder for a variety of reasons, according to lobbying group Home Owners Alliance. Its latest research among 2,000 adults suggests that 7.5 million renters are stuck at the start of the property ladder while three million potential second-steppers can’t move and a million retirees can’t downsize. The organisation claims this proves the housing market is “broken at every level”. This is down to higher Stamp Duty, high house prices and a lack of properties available to buy. The detail of the research reveals that 74% of those who rent want to own a home but can’t because either properties are too expensive, they are struggling to save a deposit or can’t get an affordable mortgage. Second steppers Also, second steppers are struggling to move up the property ladder because bigger homes are too expensive and the Stamp Duty bill too high, while retirees can’t find suitable properties to buy that offer the ideal size and amenities they want. Home Owners Alliance’s figures highlight the huge opportunity for the government and the property industry if only homes could be made more affordable, one that…
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Features
Reports from the front line: how’s the property market in your area?
Each month we visit three agents across the country to discover what is happening in their local market. This month we meet members of The Guild of Property Professionals in Oxfordshire, East London and Devon.
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Features
UK housing market: ‘A weird situation’
Weird - that's the view of Designs on Property's Kate Faulkner as she tracks the housing market exclusively for The Negotiator. Read on to find out why.
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Latest property news
Mortgage arrears hit historic all-time low, reveals UK Finance
The number of people in mortgage arrears who owe 2.5% or more of their outstanding balance has hit lowest point since records started in 1994.
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Latest property news
Public concern over ‘broken’ housing market highest since mid-1970s
Research by pollster Ipsos MORI reveals middle class in South East and Scotland most worried by problems with issue.
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Features
Feeling down: Spring market snapshot by Kate Faulkner
“Demand is down, transactions are down, selling prices are down. Agents will need to secure listings that buyers really want and get the deals through quickly.”
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Latest property news
People are moving home half as often during their lives than ten years ago, claims Savills
The financial crisis of 2008 still casts a long shadow over the UK property market and that includes a halving in the number of times people move home during their lives, research by Savills has highlighted. Its examination of home moves reveals that the average has dropped from 3.6 times to 1.8 times per family since the crash, a figure that stubbornly refuses to budge. In comments made to the BBC this morning, Savills’ Head of Research Lucian Cook suggests that unless people are enabled to move house more often, there is little point helping first time buyers on to the first rung of the property ladder. The areas where people are moving the most are in Wandsworth, Basingstoke and Deane, Norwich, Rushmoor, Lambeth, Corby, Swindon, Aylesbury Vale, South Norfolk and Bracknell Forest. The destinations where people are staying put the most include Pembrokeshire, Harrow, Ceredigion, Blaenau Gwent, Brent, Wolverhampton, Isle of Anglesey, Sefton, Newham and Redbridge. “Those not trading up are the forgotten people of the housing market,” Lucian Cook told the BBC. Savills categorises housing markets in the UK into three types. These are areas where house prices are stagnant and don’t produce the equity gains people need…
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Features
Annual growth settles in single figures
Designs on Property tracks and summarises the monthly property indices.
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Regional Reports
Kent, Devon and London
KENT COASTAL AREAS 2018 will mark the 26th Year that Cooke & Co Estate & Lettings Agent has been trading as a successful independent company. Cooke & Co has grown to be a formidable presence throughout the Isle Of Thanet and has built up a great local team with a wealth of experience within the property industry and the local area. We have found throughout 2017 the main challenge has been the perception potential vendors have in terms of ‘value for money’ with online Estate Agents. Although these Online Agents are slowly building a presence in the market place, we have been mindful to continue to demonstrate the value of how important customer service and traditional values are within this industry. As many of our staff have been with the company for over 10 years we can offer unrivalled local knowledge, experience and an honest approach to buying and selling homes. Every member of our staff is well versed with every transaction and therefore vendors and buyers aren’t told they have to wait for someone to call them back. Another excellent advantage is that Cooke & Co offers a step by step guide throughout the sale process and Sales Progression…
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