Buy-to-let investors and second-home owners were behind three in five property purchases made in Prime London during Q1 2016, boosting the proportion of purchases made in cash, according to estate agent Marsh & Parsons’ latest London Property Monitor.
Accounting for 36% of all sales from January to March, buy-to-let investors were the most prolific type of buyer across Prime London in the three months immediately preceding the April 1st implementation of an additional 3% Stamp Duty. This represents a significant spike from 26% of purchases during the previous quarter, and a sudden reversal of the recent trend of weakening investor influence. Investor share of the market has been in slow decline last year since it peaked at 37% in Q4 2014.
The Telegraph reports UK property asking prices have hit an all-time record high of almost £300,000.
House sellers so far this month have been seeking an average of £299,287 across England and Wales, according to property website Rightmove. Continue reading
According to Metro If your street has the name Warren or Chase in it is likely to be worth more…
House prices in the latest three months (March-May) were 2.0% higher than in the preceding three months (December 2014-February 2015) according to the latest Halifax House Price Index.
The quarterly rate of change fell for the second successive month and compares with 2.6% in March. Continue reading
The April data shows an annual price increase of 5.1 per cent which takes the average property value in England and Wales to £179,817 compared with the peak of £181,014 in November 2007. House prices are up 0.9 per cent since March.
The regional data indicates that: Continue reading
Rent rises in Scotland have started to pick up pace, according to the latest Scotland Buy-to-Let Index from Your Move, one of Scotland’s largest lettings agent networks.
Rents have increased 1.6% (£9) on last April, marking a step up in annual rent growth after a period of cooler price rises. Continue reading
House prices in the latest three months (February-April) were 2.2% higher than in the preceding three months (November 2014-January 2015) according to the latest Halifax House Price Index April 2015.
The quarterly rate of change decreased for the first time this year following three consecutive rises and compares with 2.6% last month. Continue reading