Category Archives: Latest

Merry Christmas and Happy New Year to all our readers

Thanks to you, Propertytalk Live! has enjoyed another hugely successful year and seen exceptional growth in the number of people visiting the site.

And that’s not all – the number following us on Twitter alone has soared past 21,000 which we think is phenomenal. Continue reading

Landlords urged to be realistic about rents in the year ahead

“Belvoir has over 140 offices nationwide, and is expanding rapidly, but at present we not have a strong London bias. We have learnt about variations in rental data and how to analyse the information to make sure we can track trends accurately and report on a regional and even office-by-office basis. In 2012, with over four years of analysis, we can now confidently comment about national rental trends, regional differences and local changes at office level.

“During 2011 there were frequent reports in the national press about the stratospheric rise of UK rents. However, although the Belvoir Index reveals rental increases in Continue reading

Merry Christmas to all our readers

Like many of you, Property Talk Live will be taking a break over the next couple of weeks for the festive season.

We would like to take this opportunity to wish all our readers a Merry Christmas and a Happy New Year.

Thanks to you, Property Talk Live has enjoyed another hugely successful year and seen exceptional growth in the number of people visiting the site.

And that’s not all – the number following us on Twitter alone is now approaching 10,000, which we think is phenomenal.

We will be looking to break through that barrier early next year when we return in the first week of January.

In the meantime and until then, thank you for your support and we hope to see you all again in 2012.

Stop the housebuilding insanity

Consider the facts:

– in every village and town throughout the UK, there are empty homes either to let or to sell. Local agents who know their patch will tell you that the market is still depressed, and that there is invariably more stock on offer than purchasers to buy it.

– the more honest lettings agents and landlords will also tell you that voids of 6 weeks plus between lets are the norm, and 3 months is not uncommon. There is certainly no queue to rent property in most areas.

– the argument in favour of building more homes is based on a Continue reading

Greater collaboration will help beat recession

64% of respondents questioned during the Chartered Institute of Housing and the Capita Housing annual conferences held over the summer feel that the lengthening housing waiting lists have had a negative impact on productivity and customer service. They also believe this decline in service quality could be attributable to old and inefficient software and increased pressures on human resources.

Roger Birkinshaw, housing director at Capita Software Services, said: “The survey clearly demonstrates that social housing providers are looking for new ways to deliver their valuable services, but with a reduced budget. The vast majority recognise the role that technology and forming partnerships Continue reading

Chance to buy history as Gandhi’s house put up for sale

The current owner claims she was selling on the open market after failing to find an institution interested in preserving its legacy.

American artist Nancy Ball, who has lived in Gandhi’s Johannesburg house for 25 years, said: "We believe he left a lot of his peace here. It’s a very special place."

Have your say on this story using the comment section below

Warning to landlords over growth of cannabis factories

The damage caused to a property used as a cannabis farm can be catastrophic, with internal walls removed, the cost of repairs running into the tens of thousands, and insurance companies potentially not paying out.

The factories not only produce cannabis, but also fund other illegal activity in the UK, such as the distribution of harder drugs and people trafficking.

To stop this happening landlords have a responsibility to make sure they are aware of what is going on in their property.

Tips for landlords:

• DO make regular appointments to check the property, this can Continue reading

CML seeks greater clarity as lending slump continues

Gross lending rose slightly to £18.6 billion, up 6% from September but 44% lower than October last year.

The average loan-to-value and income multiple continued to contract for all homebuyers as a result of falling house prices and tightened lending criteria.First-time buyers typically borrowed 83% of the property’s value and 3.10 times their income, down from 84% and 3.18 in September. Home movers typically borrowed 68% of the property’s value and 2.73 time their income, down from 71% and 2.73 in September.

Interest payments have declined as a result of lower mortgage rates and income multiples. Interest payments typically consumed 19.3% of a Continue reading

Connells sells stake in Rightmove

Image

In a dramatic move on the stockmarket, estate agency Connells has today sold its 18% stake in property search website operator Rightmove.

Connells is reported to have sold 21.2 million shares in the company at 155 pence each – realising about £32.9million.

Rightmove shares dropped on the news – falling 16% (20p) at 163 pence by 11.30am.

With many estate agents already frustrated by the website does this sell-off signal the beginning of the end for Rightmove? Tell us what you think using the comment section below