News: March 2017

NEWS: More good news – Exeter now a major UK digital economic centre

30/03/17

Exeter’s position as the leading city in the south west continues to strengthen with another report showing growth – this time amongst digital companies. The assessment was conducted by TechCityUK, an economic think-tank, which says the city’s digital firms generated £150m worth of business in 2016 – 15 per cent more than in the previous year. It says: no fewer than 82 new ‘start up’ digital businesses…

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PROPERTY NEWS: Latest figures show strong and stable house sales and lettings

30/03/17

New house price figures revealed by the government show the market performing more strongly than expected. The average UK home now costs £218,000, which is £13,000 up on this time last year. This means house prices have been rising continuously in the UK since the end of 2013, despite concerns over the Brexit vote and economic growth. The key points from the latest figures are: in the…

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SALES NEWS: Housing market stable as spring sales season starts

23/03/17

New figures from Rightmove show that the housing market in the south west of England is remarkably stable, just as the peak spring season begins for sellers and buyers. Rightmove monitors hundreds of thousands of homes on sale in the south west and says: the average house price in the region is now £296,073; this is only 1.3 per cent higher than a year ago; the south…

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LETTINGS NEWS: Landlords beware: new penalties come into force on April 6

23/03/17

Yet more new restrictions are coming in for landlords, who from April 6 can be issued with civil penalty notices for breaches of housing law. Local councils, including Exeter and East Devon authorities, can issue fines of up to £30,000 for a range of offences under the Housing Act 2004, including: failure to comply with an improvement notice served by the council; breaches of national and local…

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LETTINGS NEWS: It’s a landlord’s market as demand outstrips supply

22/03/17

New figures from the widely-respected Royal Institution of Chartered Surveyors suggest that the number of landlords entering the buy to let sector is at its lowest for two years. That represents good news for those landlords who already have buy to let properties, or those considering entering the sector this spring and summer: as demand outstrips supply, there are very few vacancies and rents are strong because…

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SALES NEWS: Exeter wins high praise in Sunday Times list of UK Best Places

22/03/17

Exeter has won outspoken praise and has been named as one of the UK’s ‘Best Places To Live’ according to the annual Sunday Times survey of cities, towns and villages. “Could there be a more perfectly positioned city?” the newspaper asks, having categorised Exeter as one of the ‘perennial favourites’ in the country – sharing the same category as larger and internationally-renowned locations such as Bath, Cambridge…

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LETTINGS NEWS: New penalties can be levied on landlords from April 6

17/03/17

New penalties can be levied on landlords from April 6 Yet more new restrictions are coming in for landlords, who from April 6 can be issued with civil penalty notices for breaches of housing law. Local councils, including Exeter and East Devon authorities, can issue fines of up to £30,000 for a range of offences under the Housing Act 2004, including: failure to comply with an improvement…

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SALES NEWS : Housing market stable as sales season kicks in

17/03/17

New figures from Rightmove show that the housing market in the south west of England is remarkably stable, just as the peak spring season begins for sellers and buyers. Rightmove monitors hundreds of thousands of homes on sale in the south west and says: the average house price in the region is now £296,073; this is only 1.3 per cent higher than a year ago; the south…

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SALES NEWS: The best property investment? Houses and flats by a mile

06/03/17

Capital appreciation produced by houses and apartments remains significantly higher than the appreciation enjoyed by any other kind of property according to a survey. The Investment Property Databank, widely regarded as one of the most authoritative consultancies in the property industry, has analysed 9,000 transactions across a range of sectors – homes, industrial buildings, offices, and shops. While all property types together returned an average capital appreciation…

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LETTINGS NEWS: Investing in student accommodation has become easier

06/03/17

If you have a son or daughter off to university in 2017, a new mortgage product could allow them to become a property owner instead of paying rent for three years or more. The Loughborough Building Society’s Buy For Uni mortgage is open to any student aged 18 or more, and lends up to 100 per cent of a property’s value up to a maximum £300,000. As…

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