Category Archives: Property
Repossessions 17% lower in first quarter of 2013 than 2012
The rate of repossession in the three months January to March remained at 0.07% for the fourth consecutive quarter, according to data published today by the Council of Mortgage Lenders. This rate is the equivalent of fewer than 1 in 1,400 …
4,000 tenants fall into severe arrears on rent
Severe arrears over the last 12 months are now 20% above the long-term average Strained tenant finances are reflected in evictions, with court orders up 5.7% in Q4 The number of tenants in severe arrears has increased, reversing much …
Buyers return as confidence improves in housing market
Buyer interest grew across the UK last month as confidence in the housing market continued its gradual increase, says the latest RICS housing market survey (11 December 2012). Enquiries from would-be buyers saw a rise in most parts of …
Manchester pension fund invests in residential property scheme
The Greater Manchester Pension Fund (GMPF) is investing in a residential property scheme by financing the construction of more than 240 new homes on land provided by the council. Manchester City Council, the GMPF and the Homes and Communities …
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Tagged Greater Manchester Pension Fund, HCA, Residential property
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Redrow defies housing slump
Housebuilder Redrow has not been affected by the depressed housing market – full-year profits jumped 70%, helped by an increase in average selling prices. Pre-tax profit was up to £43m (2011: £25.3m). Revenue increased by 5.8% to £478.9m (2011: …
Homeowners stay put and renovate as market stutters
With the housing market stuck in the doldrums, homeowners are increasingly opting to improve their existing property rather than move home, according to new research from RICS. Over 50% of chartered surveyors across the UK revealed that the slow …
UK house prices rebound in August
Nationwide House Price Index The price of a typical UK house increased by 1.3% in August • Prices 0.7% lower than one year ago • Price of a typical home is £164,729 Commenting on the figures, Robert Gardner, Nationwide’s …
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Tagged Nationwide House Price Index, Robert Gardner, UK House Prices
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Land Securities to restart residential project after UK agrees transport deal
The UK’s largest REIT is to restart development of a 22,600-unit residential project after reaching agreement with central government departments and local authorities over local infrastructure according to IP Real Estate. Land Securities, whose major shareholders include the Norwegian …
July house prices up 0.8 per cent since June
July house prices up 0.8 per cent since June: average house price in England and Wales now £162,900 South East tops the table of regional applications with 263,214 in July Over 62,000 residential properties in England and Wales lodged for …
UK house prices rise 2.3% over 12 months
In the 12 months to June 2012 UK house prices increased by 2.3 per cent, unchanged from the 12 months to May. House prices continue to remain relatively stable across most of the UK. The year-on-year increase reflected growth …