When and why should you have a commercial property valuation?

Having a property valuation is seen by many as an inconvenience and an unnecessary expense when they are actually the cornerstone of most property transactions. Whether you are preparing to take on a commercial lease, intending to sell your property or simply complete annual company accounts, here are six situations where an accurate, current valuation can be an invaluable document to have. Calculating Stamp Duty If you are purchasing your commercial property outright for £150,000 or more, the Inland Revenue will require Stamp Duty Land Tax (SDLT) to be paid. The exact amount of SDLT will depend on how much you actually pay, so having a valuation carried out before making an offer will help you make a more informed decision in regards to these extra expenses. Calculating end of lease repairs On the other hand, if you have chosen to lease your business premises, your landlord will inspect the...
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Land Registry HPI shows monthly price fall of 0.2%

The September data shows an average house price in England & Wales of £177,299, compared with a peak of £181,324 in November 2007. London experienced the highest annual increase in property value with a movement of 18.4 per cent. Yorkshire & The Humber saw the lowest annual price growth of 1.4 per cent.
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Gross mortgage lending steady in September says CML

There is growing evidence that mortgage lending activity, and the housing market, are sitting on a plateau.
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Halifax sees house prices rise by 2.3%

Halifax House Price Index released today shows that house prices have risen over the three months to April 2014, although they have fallen back a bit over the month. Key Facts Over the month house prices have fallen by -0.2%, however the three months to April they were 2.3% higher than the previous 3 months The past eleven months have seen a steady growth between 1.8% and 2.3% The prices over the three months to April were 8.5% higher than the same period in 2013. The average house price now stands at £177,648 Commenting, Stephen Noakes, Mortgages Director, said: "House prices in the three months to April were 2.3% higher than in the three months to January. Annually prices were 8.5% higher in the three months to April than in the same three months last year. However, prices fell marginally during the month representing a second successive monthly decline. "Although mortgage...
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Land Registry HPI reports small monthly fall

[caption id="attachment_5519" align="aligncenter" width="420"] Land Registry report a fall in Monthly HPI[/caption] The Land Registrys March 2014 HPI has reported a very small fall in average house prices over the month, although prices are firmly in the positive zone for the Annual change. Key facts: Average house prices have fallen by -0.4% over the month in March, but risen by 5.6% over the year Average house price in England and Wales is now £169,124 Increase in number of property transactions from 55,824 in the four months to January 2013 to 74.941 in the four months to January 2014. London continues to report positive figures with a monthly increase of 0.6% and a substantial 12.4% annual increase - much higher than any other region. The average house price in London is now £414,490 as opposed to a much lower £169,124 in average across England and Wales. Elsewhere the picture was a little...
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Land Registry reports a fairly flat November

The Land Registry is reported later than most HPI stats, but claims to be the most accurate as it is based on completed sales, and included repeat sales. HPI increased by 0.1% in November compared to October figures. The average house price set at £165,411
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Land Registrys Index gives weight to the strengthening Property Market

The Land Registry August HPI was released recently and showed and increase in the average house price by 1.3% annually. The annual increase of 1.3% to set the average house price at £164,654 gives some extra weight to the overall view of a strengthening property market. The actual change over the month was just 0.1%.
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Land Registry House Price Index reconfirms Annual Increase in Prices

The England & Wales house prices downLand Registry has recently released its June House price Index (HPI), which reconfirms what the other Indices have seen with the average house price being up over the year.
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Land Registry sees London with significant annual price increase

The Land Registry House Price Index for April 2013 shows both a monthly and yearly increase. Monthly the increase is 0.4% and yearly the increase is 0.7%
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Land Registry sees steady start to 2013

In January 2013 it saw a small monthly and annual increase - both sets of figures up by 1.0%. This puts the average house price in Engalnd and Wales at £162,441.
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Postive (just) market reported from the Land Registry

The Land Registrys November 2012 House Price Index reports average house prices at £169,490. This represents a monthly increase of 0.3%.
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Mortgage lending takes a massive jump up by 24%

The CMLs recent market commentary has reported that Gross mortage lending is up by a substantial 24% in April, up from £9.9 billion to £12.2 billion. Over the year from May 2011 this represents a 13% rise from £10.8 billion.
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