Estate Agent Today has reported that estate agents are being warned that buyers and sellers will continue to experience “lengthy waits” for valuations and surveys, as well as delays in conveyancing, for the foreseeable future.
Conveyancing Alliance Group, a conveyancing supplier, said it is vital for agents to manage expectations as delays in reaching exchange and completion continue to grow. The firm says it has noticed an increasing number of potential transactions being hindered by lengthy waits for valuations and surveys to be carried out. John Philips, sales director at
Over the weekend we caught up on an interesting article in last Thursday's, The Guardian, by Adam Mirley (director of planning and development at Lambert Smith Hampton), which we thought we'd share... it certainly caused some debate in our office this morning - you might agree or disagree with the points raised, however it is certainly food for thought.
Today we have two property crises running simultaneously: housing and retail. Britain faces the worst housing shortage in decades, while 54 retailers went into administration last year, leaving a blight of empty storefronts on the nation's high
Figures showing that house prices had risen by almost £10,000 in a year revealing that house prices are 4.6% higher than a year ago – and are rising at their highest rate for three years, according to the Halifax. Months of steady rises mean the national average property price stands at £169,624, which represents a sharp rise on the £160,428 of a year ago. However, the findings confirm recent studies from Nationwide building society and estate agents which suggested that London and the South are driving the market. Martin Ellis, Halifax’s housing economist, said: ‘House prices are
According to latest research from Halifax, over the last decade, house prices in the postal districts of the 20 premier league football clubs set to begin the 2013/14 season rose at twice the national average.
The average home in one of the 20 stadium postal districts is £319,800. This is one-third higher than the average house in England and Wales, which currently stands at £240,300.
Properties close to Manchester City's Etihad Stadium have advanced by 259% over the last ten years, while those near Southampton's St Mary's Stadium have seen the smallest increase - just 18%.
Craig McKinlay
We are now undertaking property valuations for entries into our next round of auctions taking place in September and October, with our nationwide auction partners.
If you are thinking about selling and your property might be suitable for auction (residential, commercial, development site, land, mixed use, investment, ground rent), contact us today for your free auction appraisal and to chat with one of our auctioneers in your area.
We will take away the dilemma of which auction house to approach - given that are so many auction houses in the UK it may be quite daunting in terms of knowing who
The summer break will soon be drawing to a close so this is a quick update to let you know that we've been busy adding new auction dates for property auctions being held around the UK in September and October.
A few of the early bird auction houses have released catalogues for this month, all of which have, or will be uploaded into our database for viewing. A number of new catalogues for the September auctions will slowly start to be released from next week - so keep checking back on a regular basis for new properties to auction!
The Land Registry, which records all completed property sales in England and Wales, has been recording the price of all property sales since April 2000, although the data now goes back to January 1995.
The survey features the end of the buying process when a transaction is registered.
The Land Registry is using something called Repeat Sales Regression to measure the change in prices over time. This means it only measures the change in the price of properties that have been sold before, to ensure a proper comparison.
Most sales are included, except for commercial properties and a small number
UK house prices recorded their biggest year-on-year increase for nearly three years in July, according to the Nationwide building society.
Annual price growth hit 3.9%, the lender said, which meant the average home cost £170,825. Average prices rose by 0.8% compared with June, with the building society describing the increase as "robust". However, it said that housing remained in relatively short supply, as rental costs were still rising.
Buyer confidence Property prices a year ago were falling, according to the Nationwide's calculations, so this was part of the explanation behind the large
The chancellor, George Osborne, says the second stage of the Help to Buy scheme, aimed at enabling more people to buy properties, will be closed to second home buyers.
George Osborne has called housebuilders and mortgage lenders to a meeting to discuss the details.
The first phase of the scheme was launched four months ago and provides equity loans for buyers of new homes.
From January next year, it will be extended to help buyers of existing homes. It will allow people to buy with just a 5% deposit. The government will guarantee a proportion of the loan to give the banks greater confidence to
Just a reminder to let you all know that the majority of the auctions for July have taken place, with a few remaining this week and early next.
There are only a handful of property auctions taking place in August due to the summer break, with nationwide auctions recommencing properly from early September. We will be displaying the Unsold (Available) Lots from the July auctions that have taken place, as and when the results are released by the auctioneers. So keep checking back to see if you can grab yourself a bargain post auction.
New auction catalogues should start being released from