News: February 2018

LETTINGS NEWS :- Property still easily the most popular form of investment

19/02/18

A government survey of 5,000 people shows buy to let as the most popular way of providing long-term income. The Office for National Statistics’ Wealth and Assets Survey reveals: 49% regard property as the safest investment with best returns; in second place comes employer pension schemes on 22%; ISAs and savings accounts trail in third spot. Buy to let’s enduring popularity (it has topped this survey every…

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SALES NEWS:- City bank condemns online estate agents for poor sales figures

19/02/18

A leading City investment bank has taken the unusual step of criticising online estate agencies for their relatively poor sales record. The Jefferies bank, which monitors the UK housing market in detail, says: the best-performing online agency sells only 52% of its homes; the worst online agents sell only around 20%; the unsold homes homes then only sell when a ‘real’ agent is instructed. Jefferies says sellers…

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LETTINGS NEWS:- Changing faces of private renting revealed by government

01/02/18

The government’s annual English Survey of Housing has revealed the changing face of the private rental sector – and gives would-be investors an insight into the different ‘sub-markets’ that exist. Latest findings show: two thirds of rented households are led by someone under 45; however, there’s been a big rise in numbers of over-45s who rent; around one in four renting households now have children. Letting agents…

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SALES NEWS :- Number of mortgages to choose from increases by a quarter

01/02/18

The number of mortgage products for buyers and landlords to choose from increased by no less than 24 per cent during 2017. The information comes from a mortgage broker called Mortgage Brain. It says: there are now some 10,380 different mortgages available in total; the number of buy to let mortgages increased by 32 per cent in 2017; home buyers saw their choice of mortgage rise by…

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