Tag Archives: christmas

Parts of London seeing strong demand in sales and lettings

There has been a lot written about the slowdown in the London real estate markets since the UK voted to leave the European Union, but new research shows some locations are seeing robust demand. Among them is the residential market in the Canary Wharf area where property firm JLL report strong sales and lettings demand […] The post Parts of London seeing strong demand in sales and lettings appeared first on PropertyWire . Continue reading →

Posted on December 15, 2016 by tsiadmin | Posted in 2017, activity, ads, advice, affordable, age, agent, agents, ASA, Asking Prices, ban, Brexit, build, building, business, bust, buy, Buy to Let, Buyers, buying, canary wharf, Central London, change, changes, Chelsea, city, commercial, Commercial Property, Company News, completion, confidence, construction, controls, cost, costs, data, Demand, developer, Developers, economic, estate, Europe, family, finance, Finance Update, fines, first time buyer, first time buyers, fund, funds, future, growth, help, home, home owners, homes, Housing, housing ladder, Index, India, interest, invest, Investment, investments, investors, Ireland, JLL, Kensington, land, Landlords, Leeds Building Society, Legal, lender, Lending, letting, Lettings, lettings market, Location, London, market, markets, month, mortgage, mortgages, move, moving, new, News, North America, ONS, owner, owners, policy, price, prices, prime, prime central London, products, projects, propert, Property, property market, purchase, rates, Real Estate, referendum, rent, rents, research, Residential, residential confidence, rogue, sales, search, sell, Sellers, Shows, slowdown, slowing, solicitors, Stamp Duty, standard, start, Supply, tax, Taylor Scott International, Tenants, Transactions, TSI, Turkey, U, Uk, uncertainty, US, USE, value, Values | Tagged , , , , , , , , , , , | Comments Off on Parts of London seeing strong demand in sales and lettings

New property listings down by almost 7% in UK towns and cities

New property listings fell in October by 6.9% on average across the UK with four out of five towns and cities seeing a drop in supply during a typically busy month for property market activity. This is in contrast to September when property listings are generally up following the summer lull and suggests that sellers […] The post New property listings down by almost 7% in UK towns and cities appeared first on PropertyWire . Continue reading →

Posted on November 4, 2016 by tsiadmin | Posted in activity, ads, advice, age, agent, agents, ASA, Asia, Australasia, Australia, average, Brexit, build, building, buy, Buy to Let, Buyers, buying, capital, change, Cities, Company News, confidence, data, Demand, Development, England, estate agent, Europe, finance, Finance Update, fixed rate, glitch, government, growth, home, home hunts, houses, Index, insurance, international, invest, Investment, investments, land, Leeds Building Society, Lending, listings, Location, luxury property, market, mortgage, mortgages, national, new, News, North America, office, ONS, pending, policy, pressure, price, prices, products, proeprty, Property, property market, purchase, Real Estate, record, recovery, rent, rental, research, Residential, sales, search, sell, Sellers, Shows, Spain, standard, Supply, survey, Taylor Scott International, Towns, Transactions, TSI, U, Uk, US, USE, value | Tagged , , , , , , , , , , , | Comments Off on New property listings down by almost 7% in UK towns and cities

Extra stamp duty set to reduce number of lettings in UK, say agents

The extra stamp duty charge for the buy to let sector that begins next April has triggered a less optimistic outlook among letting agents in the UK. Some 40% are predicting that rental supply will decrease over the next five years, the highest rate this year, according to the latest report from the Association of Residential Letting Agents (ARLA). ‘This month’s findings are triggered the Chancellor’s announcements around buy to let tax in his Autumn Statement. We said these changes would be catastrophic for the rental sector and this has been echoed by letting agents across the country,’ said David Cox, ARLA managing director. ‘The new stamp duty increases will make owning a buy to let property unprofitable for a lot of landlords, and certainly make new investors think twice about purchasing a buy to let,’ he added. The ARLA monthly report also shows that tenants experiencing rent increases continue to fall, with 23% of letting agents reporting rent increases for tenants in November, down from 25% in October and the lowest in 2015 so far. Demand for rental properties increased marginally in November, alongside supply of available housing which was likely a result of tenants preparing themselves to find new rental properties in the New Year. ARLA agents registered an average of 34 new tenants per branch this month, up from 33 in October. Supply of rental accommodation also increased in November, rising by 9% from an average of 173 properties managed per branch in October, to 189 this month. However, renters in the capital will still struggle to find a property, with only 121 properties managed per branch, some 36% less than the UK average. ‘It’s promising to see that the number of agents reporting rent increases is continuing to decline, and this should spread some Christmas cheer amongst renters renewing tenancies or looking for a new property to rent,’ said Cox. ‘However, just under a quarter of tenants are still unfortunately seeing hikes in their monthly rent payments. But if we continue to follow trends we’ve seen in previous months, we should see fewer tenants experiencing increases as we welcome in 2016,’ he added. Continue reading →

Posted on December 23, 2015 by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , | Comments Off on Extra stamp duty set to reduce number of lettings in UK, say agents