The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures.
Following on from October's sale rate of 72%, raising £73m, Allsop's December commercial auction sale raised £57.85m from 103 lots offered, with six lots sold prior and 75 sold in the room.
It was reported today that Halifax has indicated that House prices fell by 0.1% in November but there are hopes the market may be stabilising.
Property prices in the three months to November were 0.7% lower than a year earlier, which was their first annual decline since November 2009. However, Halifax said there were signs home owners were becoming more reluctant to put properties on the market, which would help slow the recent quarterly falls in house prices.
The month-on-month decline in November took the average house price to £164,708 and followed a record 3.7% fall in September and
Just a quick note to remind everyone that the final auctions of the year take place next week. From 17th December until early January there will be no new properties in our database, however you can still check out the unsold lots from this month's auctions. Remember that you can still call us or fill in the property auction enquiry form, if you're thinking about selling your property at auction next year.
We love reading all the showbiz property gossip in London's ES, and obviously realising that you don't all live in London, we thought we'd share the latest report regarding Sienna Miller who has apparently found that her boho-chic taste, when applied to property, can be difficult to shift. About 18 months ago she put her exotic two-bedroom Georgian mews house in Maida Vale on the market at £1.295 million.
“The interior is totally wild, with a large Moroccan-themed spa in the basement, complete with plunge pool and sauna,” reports an astonished visitor. “Sienna obviously likes to party as
The London Evening Standard New Homes Awards, now in their 19th year, celebrate the highest standard of skills, design and craftsmanship within the new homes industry.
The awards have been extended this year to comprise thirteen categories, each with two sections.
One section is for companies, or groups of companies, who build up to 100 units per annum.
The other section is for those completing more than 100 units per annum, ensuring an equal chance to all companies whatever their size.
So, whether you have built hundreds of units, or just a single house within the past year, we
If you haven't looked already, we have loads more properties in our database - over 500 lots, with more property auction catalogues being released by the auction houses this week. Merseyside and Lancashire are particularly good areas to search for auction property this week, whilst next week we should have lots more auction property in London and the South East. Happy house hunting!
Property Prices Up, Property Prices Down, the headlines seem to change every week - which is it and who should be benefitting?
What we can gather is that the real leverage for buyers right now is the often reported mismatch between this increasing supply of properties for sale and faltering demand from cautious house-hunters who are thinking long and hard before committing to a purchase.
The shortage of purchasers means sellers are bending over backwards to secure a sale - even if it's well below the asking price - thereby giving buyers the upper hand. This is very good news for buyers
A lot of people will admit that they are hoarders. It's amazing how many cupboards, wardrobes, cabinets and surfaces contain items collected over the years, things which we haven't laid eyes on since that all important purchase or hand me down. My parents are terrific hoarders, they have rugby programmes stacked up on the shelves, dating back to 1980. When I ask "why?" they don't actually know the reason!
Whatever sentiment these things may carry, there are times when we have to be ruthless, and one of these times is when we are going to be putting our house on the market - we need to make
House prices fell for the fourth month in a row during October as buyers continued to stay away from the market, research has indicated.
Property values in England and Wales fell by 0.9% during the month, the biggest drop since January 2009, to leave the average home costing £156,200, according to property intelligence group Hometrack.
The group said a combination of falling demand and rising supply had continued to put house prices under pressure, with falls recorded in 56% of postcode districts while just 0.1% of areas saw a rise. It warned that further price falls were "inevitable"