The UK housing market experienced a relative increase in activity in the opening month of 2011. NAEA (National Association of Estate Agents) members reported a rise in demand amongst house hunters and also an improvement in the number of offers from sellers – signalling a recovery following the traditional December slump but largely still in line with figures reported at the same last year.
Although the percentage of first time buyers (FTBs) decreased slightly from 25%t o 24%, the number of house-hunters registered per branch increased on average from 227 in December to 252 in January.
We just wanted to bring to your attention this wonderful equestrian opportunity ... cottage with 14 acres in Cambridgeshire. Guide Price £300,000 to £350,000 to be auctioned on 2nd March 2011.
A few details to get you chomping at the bit!
A fine opportunity for the acquisition of this equestrian property which offers a number of possibilities for development either as an owner occupier or in the rental sector. Chestnut Farm has operated a successful riding school for a number of years, giving the opportunity for continuation or diversifying into other areas of the equestrian world
Just a quick reminder to all you budding house builders, architects, home designers that there are only four weeks until the deadline to enter the Grand Designs Awards 2011.
The judging panel comprising Kevin McCloud, George Clarke, Wayne Hemingway and Bernue Herlihy (Editor of Grand Designs Magazine) are waiting to see your work!
Deadline is 20th March 2011. You can enter at http://www.grandesignsawards.com
Just a quick one to let you know that we've uploaded unsold/available lots from the auctions held yesterday and today - check them out in our database! Lots more auctions being held this week, so all unsold properties will be displayed as soon as the details are released by the auctioneers.
Check out Chestnut Farm, 109 St. Pauls Road South, Walton Highway, Wisbech, Cambridgeshire, PE14 7DD at www.goldingsauctions.co.uk - Wonderful equestrian opportunity ... cottage with 14 acres. Guide Price £300,000 to £350,00.
The site of approaching 14 acres offers 3 phase electricity and contains a 3 bed detached cottage with en suite accommodation, an 8000 sq ft indoor riding school, an outdoor menage, tack room, over 30 stables, 8 fenced paddocks, a triple car port and outside WC. A truly special lot with an extremely competitive guide price that's sure to generate significant interest
Savills Private Finance (SPF) has today launched an exclusive bridging product for those purchasing a buy-to-let property at auction in London and the South East. This new product will offer borrowers a pay rate of 0.99% (12.5% APR), a product arrangement fee of 0.75% and no early repayment charges.
Andre Bartlett, Associate Director at SPF, says, ''We have been involved in bridging finance for a long time but this is the first time we have had a product that is exclusively available to our clients. We see bridging finance as an area of growth and one which we are delighted to put our name
It has been reported today by the Council of Mortgage Lenders (CML) that the number of homes repossessed in the UK last year dropped by 24% to 36,300. The number of people in arrears by 2.5% or more of their outstanding loans also fell last year, by 13% to 169,600.
The continued low level of interest rates has helped many home owners in financial difficulties.
However, the CML repeated its warning that arrears and repossessions may rise this year.
"As we go through 2011, the number of people facing payment pressures may increase if interest rates rise, and as a result of the spending
Sadly for the previous owners, repossessions can often be picked up at bargain prices through auctions and are featured more and more in auction catalogues across the UK.
We have found that some banks/building societies can be somewhat sheepish about revealing that they are selling repossessed properties so you need to be alert in the auction for clues.
Where possible, when uploading a property into our database we will let you know if it is a repossession (if the auction house has released this information in their catalogue). Auction adverts may reveal that a bank may be the seller of
Property prices in the UK almost doubled during the last decade - despite the recent house price crash - according to new data.
The typical home's value soared by a massive 91% - or £78,000 - between 2000 and 2010, according to the Halifax, meaning the average home jumped from £86,095 to £164,310.
But the rate of growth differs drastically when you look at the data on a regional level. To reveal the areas where house prices have risen the fastest - and the slowest - over the decade click http://money.uk.msn.com/msn-local/photos.aspx?cp-documentid=156044344
(Note that house price rises
New figures have revealed that house prices rose by 0.8% during January as values bounced back after steep falls amid the pre-Christmas snow disruption.
Leading mortgage giant, Halifax said the average cost of a home in Britain rose to £164,173 last month, but this followed a 1.3% plunge in December as snowed-in buyers stayed away from the market.
Its quarter-on-quarter measure of house prices - seen as a smoother indicator of market trends - registered a drop of 0.7%, according to the group.