Near term price expectations reach 20 month high

RICS have just released their UK Residential Survey for December 2015. Here are the key facts: Buyer demand growth picked up due to the unseasonably mild weather.  This in fact boosted activity. New instructions increased for the first time since January 2015. Price momentum remains firm Strong Growth The survey shows strong price growth to the end of the year, with 50% of respondents reporting that prices have risen. East Anglia and the South East are showing the strongest price growth but all parts of the UK are reported to shown some growth. Buyers enquiries are rising at a faster pace than new instructions, thus giving a demand/supply imbalance. Stamp Duty Increase There is a view that this increased demand was due to buy to let investors trying to complete their transactions before the new tier of stamp duty is introduced in April 2016. New instructions to sell edged up slightly...
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Peter Bolton King comments on UK Housing Week

At the start of the UK Governments Housing Week, Peter Bolton King, RICS Global Property Standards Director, comments on the latest Government and Opposition statements concerning the housing market.
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Lifetime variable rate mortgages

We have a lender that we use regularly that will lend to first time landlords and for professional landlords they don’t have a maximum portfolio size, so they are very much open for BTL business.
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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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House Prices to rise 30% by 2019

According to RightMove and Oxford Economics average house prices in England and Wales are set to rise by 30% in the next 5 years. It states that London prices are set to rise by 33%, but the South East is set to rise by 39% by 2019! Despite being the slowest riser, the North West will still increase by 24%.
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London market comes off the boil

  The RICS Residential Market Survey for September 2014 reports a more balanced picture nationally, as the London market comes off the boil. The rental market remains firm due to strong demand and tight supply. The September RICS Residential Market Survey indicates fading, albeit still robust, price momentum at the headline level. This comes on the back of a more balanced demand picture, in part related to less buoyant expectations of future price rises. Crucially however, the supply trend remains more or less flat with no indication of a pick up in new vendor instructions. London Price Balance The London price balance turned slightly negative in September for the first time since the beginning of January 2011, ending the longest continuous period of price growth that the RICS survey has recorded for the capital. Expectations for price growth over the coming three months remain positive with only surveyors in the London market expecting to see...
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Free tickets to The London Homebuilding & Renovating and Home Improvement Show at Olympia, London

The London Homebuilding & Renovating and Home Improvement Show proudly sponsored by Anglian Home Improvements makes its national debut at Olympia with new feature highlights and experts
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New report finds that students make the best tenants

As a landlord or letting agent, there are many factors to consider when renting a property, including finding your ideal tenants. On first glance students may not be your first choice, but new findings by utilities and service provider for students, Glide, and Accommodation for Students, found that students are in fact the most desirable tenants.
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RICS see price momentum firm

The RICS Residential Market Survey for June 2014 reports that price momentum nationally is remaining firm, with buyer enquiries rising more modestly than previously - new instructions only increased slightly after some strong increases.
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Top Tips for Investing by the Sea

There’s probably not a British person alive who doesn’t look back with fondness on happy childhood days spent playing at the seaside. In fact, it’s almost certain that this sense of nostalgia has something to do with the popularity of seaside holidays in the UK, where every year hundreds of thousands of Brits will forgo a foreign excursion. In favour of a more traditional vacation in places such as Blackpool and Southend, whose popularity soared with the advent of ‘pleasure palaces’ in the Victorian era.
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Do Green energy features affect house hunting?

36% of people state that the presence of green energy features would positively affect their decision when house hunting.
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House prices remain in an upward trend

“A recent report by the Royal Institute of Chartered Surveyors (RICS), has shown that house prices remain firmly in an upward trend. Whilst this might not be such good news for movers and especially first-time-buyers, it could be good news for homeowners looking to remortgage. The reason for this is
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Free tickets to The Southern Homebuilding, Renovating and Home Improvement Show

We have negotiated with The Southern Homebuilding & Renovating Show and obtained 25 pairs of free tickets for our subscribers. Each pair of tickets is worth £24. The biggest combined homebuilding and home improvement event comes to Sandown Park. Surrey, 28-29 June 2014
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House Horror Stories

Anyone buying a house will know the stresses involved in getting a survey, finding a mortgage, and waiting for completion. The process can and often does take months to complete, and in this period you’re committing to a lot of money and spadework – you certainly don’t want the deal to fall through.
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Landlords urged not to dismiss tenants on housing benefit

According to the poll of 1500 landlords, more landlords are turning away housing benefit claimants than ever before with almost six in 10 landlords (57%) refusing to accept anyone on benefits.
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RICS sees price driven further by low stock levels

The RICS January 2014 residential market survey shows that uk house prices are continuing to be driven by the falling stock levels that agents have. Agents inventory of property is continuing to edge lower based on the lack of new instructions
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Free tickets to The National Homebuilding & Renovating Show

Just Do Property have negotiated some free tickets to The Home Building Show for our subscribers. Click here to apply for free tickets.
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CML sees slight fall in November but still strong

The CMLs Regulated Mortgage Survey for November 2013 shows that there was a slight slowdown in November against October figures. However overall November was still a strong month
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Landlord Discord: Thousands of Tenants Withhold Rent Over Delayed Repairs

Hundreds of thousands of private tenants a year are taking matters into their own hands and withholding rent from their landlords because of delays resolving emergencies like heating and electrical faults, new research reveals.1
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The Autumn Statement

We have been waiting with interest to see what George Osborne was going to say in his Autumn Statement today. Opening remarks The Chancellor says Britains economic plan is working but the job is not done, we need to secure the economy for the long terms and the biggest risk to that comes from those that would abandon the plan. He says We need a plan where we dont pretend we can make things better by writing cheques to ourselves. Forecasts show the growth is up, but growth in productivity is still too low, business taxes are still too high and exports are still too low.
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