First-time buyers flying through the Prime London property market

First-time buyers are almost neck-and-neck with investors in the Prime London property market, according to estate agent Marsh & Parsons’ latest London Property Monitor. 

While investors continue to account for the majority of house purchases made across Prime London, this margin has narrowed significantly after a huge spike in first-time buyer sales in the past three months. Continue reading

Majority of public would back next government borrowing to build more affordable homes

More than half of the English public would support the next government borrowing money to build more affordable homes, according to a recent poll.

The survey, carried out by Ipsos MORI for the Chartered Institute of Housing (CIH), found that 54% of adults in England would support government borrowing to fund more affordable homes for people to buy or rent. Continue reading

Without inheritance children will never own a home?

Research from Shelter has shown that 49% of parents in Britain whose children haven’t bought a home, think the only way they will be able to do so is with inheritance from them.

Many parents feel high house prices and a lack of affordable homes are leaving their children priced out. And the latest government figures suggest they are right to be concerned, with homeownership levels having collapsed among young adults in the last decade. Continue reading

Landlords predict rent rises to tail off

After a recent spurt of rent growth, landlords anticipate that rent rises will taper off over the next twelve months, according to a sentiment survey of more than 1,200 landlords conducted by Your Move and Reeds Rains.

On average UK landlords anticipate that rents will increase by 1.7% in the coming year, a sharp slowdown from the current rate of annual rent growth to a steadier trajectory. According to the latest Buy-to-Let Index from Your Move and Reeds Rains, average residential rents across the UK climbed 3.7% in the year to March 2015, the fastest pace for two years. Continue reading

Over 850,000 Brits move overseas for a new life elsewhere

Over the past five years emigration1 from Britain is estimated to have reached 851,000, according to latest research from Lloyds Bank Private Banking. However this total figure represents a decline of 10% compared to the previous five years when emigration totalled 942,000 in the period 2004 -08.

In the period since 2009 levels of emigration have remained stable, averaging around 142,000 per year; compared to an annual average of 188,000 in the five years to 2008, peaking at 203,000 in 2006. Continue reading

Proximity to a Boris Bike helps attract home buyers

The continued expansion of London’s cycle hire scheme will benefit home sellers living near bike docking stations – and attract potential buyers to living in previously less well-connected areas – according to estate agent Marsh & Parsons.

Santander is to assume sponsorship of the ‘Boris Bike’ programme from April and is committed to further growing and developing the scheme, which already offers Londoners the use of 11,500 bikes across more than 700 docking stations. Transport for London has identified a further 1,000 potential docking stations, to materialise by early 2016. Continue reading

Low maintenance, big benefits

Low maintenance equals high value for both landlords and tenants alike and one of the best ways to ensure maintenance costs are kept to a minimum is to buy correctly at the very beginning of your investment journey.

“Buying a low maintenance property means that deterioration will be kept to a minimum and repairs are likely to be minor,” says owner of Belvoir Boston Donna Burrell. Continue reading

Better bin buying would save £70 million every year

Councils can make sensible savings by joining forces to buy refuse trucks and wheelie bins, according to a recent report.

Ministers are clear town halls no longer have the luxury of procuring waste management equipment in isolation and therefore must work together to deliver a better deal for local taxpayers. The report has found £70 million could be saved by town halls every year simply through better procurement and more standardised processes. Continue reading