Category: Uncategorised

Spanish property market growth slowed in October but outlook for 2017 positive

testing of function

The residential property market in Spain contracted slightly in October after months of double digit increases, according to the latest figures to be published. The number of homes sold fell by 1.7% compared to September, the data from the Association of Spanish Notaries shows, while year on year sales were up by 2.1%.

Residential confidence helping to steady the property and construction sector

553048-house-building

The property sector in the UK is showing resilience in the face of a tumultuous year, with confidence in the residential sector the strongest, according to new research. Indeed, some 74% of senior executives in the in the property and construction industries surveyed by investment management and tax group Smith & Williamson regard residential property… Read more »

Large number of UK landlords will stop using letting agents if costs increase

UK_BMV_Investdex

Almost half of landlords in the UK would ditch their letting agent if their profits began to fall, according to a new survey carried out a time when they are coping with considerable change in the sector. Overall some 47% say they would forego the services of their letting agent with landlords in Scotland, the… Read more »

Value of homes in UK up 51% or £1.9 trillion since 2006

investdex_HMO

The total value of privately owned residential properties the UK has grown to over £5.5 trillion for the first time, according to new research. In the last 10 years the total value has increased by 51% or £1.9 trillion to an estimated £5.6 trillion, a rise that has comfortably out-paced the retail price index, which… Read more »

Renting set to be more affordable in the US in 2017, new analysis suggests

Spanish Property

Home ownership rates in the US are expected to bounce back in 2017 and renting will become more affordable but Trump could push up housing cost, says a new analysis. The outlook report from real estate firm Zillow predicts that recent trends will reverse course as the housing market’s economic recovery enters a new stage…. Read more »

Call for stamp duty change in UK to boost residential property market

investdex_HMO

It is almost certain that the UK Chancellor Philip Hammond will address issues in the property market in his autumn statement later this week with stamp duty and landlord tax being flagged as needing reform by the real estate industry. The latest plea for change comes from estate agents Stirling Ackroyd. Head of residential development… Read more »

Hard hitting report says UK conveyancing system is not fit for purpose

qib5o9ki5

The creation of a secure online portal for all communications needed during the home buying process in the UK would mean greater certainty far earlier in the moving process, it is claimed. Such a move would be welcomed across the industry and by consumers as it would protect the conveyancer, estate agents, mortgage advisors, lenders… Read more »

Buyer demand in UK residential market up for second month in a row

investdex_HMO

Buyer demand in the UK has increased for a second month in a row but they may find that there is not enough choice as supply remains low, according to the latest residential analysis report. The October monthly report from the Royal Institution of Chartered Surveyors (RICS) shows that across the country 10% more respondents… Read more »