Month: February 2014

Landlords warned to watch for hidden management fees

Landlords should watch out for letting agents including commission charges on any work done, as it can leave them paying more than they should. Landlords have been warned to keep an eye out for letting agents who charge commission on maintenance invoices without making it clear what the work involved. Aspect, a property maintenance and… Read more »

High demand for student and city centre accommodation in Exeter

An annual review led by Jones Lang LaSalle revealed that student housing and city centre accommodation are the primary driving forces behind a property market revival in Exeter. The residential market in Exeter has enjoyed a recent flurry of activity, with student housing and city centre properties in particularly high demand. Speaking at Jones Lang… Read more »

Cheapest buy-to-let products two percentage points lower than in 2007

Cheapest buy-to-let products two percentage points lower than in 2007

Rates on buy-to-let mortgages have reached their lowest ever levels with the bottom rate now below 2.5%, significantly lower than before the financial crisis. Summary Rates on buy-to-let drop by more than two percentage points Lowest rate now below 2.5% Latest data suggests around ten million people in rented accommodation Landlords can benefit from cheaper… Read more »

High demand for property in Bristol pushes prices up by £10,000 in two months

High demand for property in Bristol pushes prices up by £10,000 in two months

Low mortgage rates, government schemes to get people onto the property ladder and the city’s popularity have fuelled demand for property in Bristol. Summary High demand for Bristol property has pushed prices up Average house price in Bristol has climbed by 10% in the past year Bristol real estate market is “extremely buoyant” Low mortgage… Read more »

EY: Cost of property rising across the board as house prices and rents climb

EY: Cost of property rising across the board as house prices and rents climb

The level of growth in the property market remains strong, with growth rates climbing fastest in London according to forecasts from the EY Item Club. Summary Average house price will grow by 8.4% this year and 7.3% in 2015 Warning of property bubble in London as average prices expected to reach £600,000 by 2018 Rising… Read more »

32,000 new construction jobs in South West to boost property market supply

The South West will see nearly 32,000 construction industry jobs created during the next five years as developers look to ease demand for housing. Nearly 32,000 construction jobs will be created in the South West during the next five years, according to the Construction Industry Training Board. Their Construction Skills Network forecasts suggest average output… Read more »

IMF hikes UAE economic growth forecast to 4.5% for 2014

IMF hikes UAE economic growth forecast to 4.5% for 2014

Further growth is expected in the UAE and in the property market in particular as the International Monetary Fund sets its forecast at 4.5%  Summary Reuters and IMF analysts put UAE growth forecasts at between 4.3 and 4.5% respectively Growth is particularly visible in the real estate market as recovery continues apace Expo 2020 and… Read more »

Shift towards high quality accommodation among Nottingham student population

Students in Nottingham are increasingly interested in securing high quality accommodation, making stereotypical student housing a thing of the past. A Nottingham-based lettings agency has spoken of a shift towards high quality accommodation in the student housing market, confirming a key trend highlighted in a recent Deloitte report. The owner of Cunningham Lettings agency, Gaynor… Read more »