News: July 2018

SALES NEWS:- House prices are still rising – but at a very modest rate

27/07/18

House prices are growing two per cent per year according to the Nationwide. Each index gives a slightly different perspective on the market and we strongly advise you speak with estate agents ‘on the ground’ to get a more detailed local picture. The Nationwide says: the current rate of house price growth is the lowest since 2013; the average price of a UK home is now £215,444…

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LETTINGS NEWS:- New report shows continuing large-scale growth of private rental sector

27/07/18

A new report shows exactly how the private rental sector has grown in the past two decades – and why it is still a strong investment choice. The report, by a finance company called The Mortgage Lender, shows that: 20% of households – that’s around 4.7m – rent privately; almost half of 25- to 34-year-olds are private tenants; 29% of single 35- to 44-year-olds rent privately now.…

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SALES NEWS:- Property still the favourite investment for those nearing retirement

20/07/18

Buying and renting out property is still the top choice when it comes to long-term investment to fund retirement, according to findings from a survey of 1,000 people in their 50s. The research, by a chartered accountancy firm, shows: 35% believed property was best-placed to provide retirement income; this was more than favoured pensions, ISAs and savings; one in 12 predicted that rent would be their main…

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It keeps on coming – more good news about Exeter’s economy

13/07/18

Good news stories about Exeter’s economy just keep on coming – and they directly lead to a stronger and more dynamic housing market in the city and nearby areas of Devon as people want to live here. Latest figures from economic consultancies and government show. Exeter is the UK’s second fastest growing jobs market, up 1.2% residents are the highest paid in Devon and Cornwall, at £537…

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SALES NEWS:- Housing market latest – it’s steady as she goes over the summer

13/07/18

The housing market is holding steady over the summer according to the latest two price indices. They come from the Halifax and the Nationwide, which produce both measures based on the mortgage lending they undertake to customers. The figures show: the average price of a UK home is £225,654 says the Halifax; this is 0.3% up over the month to July, and 1.8% up on the year;…

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LETTINGS NEWS:- Private rental tenancies set to get longer

12/07/18

It looks increasingly likely that the typical length of tenancies in the private rental sector will become longer. The government has issued a consultation document which proposes: landlords and letting agents offer three year tenancies; a ‘break clause’ will allow tenant or landlord to stop after six month tenancies for students may be exempted from the three-year duration The aim of the change is to make tenants…

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Wired Up – new ultra-fast broadband for Exeter

12/07/18

Exeter is to receive BT’s ‘Fibre First’ Openreach ultra-fast broadband. It’s only the ninth city in the UK to receive it, and all the others have been much larger – Bristol, Birmingham, Cardiff, Edinburgh, Leeds, Liverpool, London and Manchester. It means: current broadband access will expand from 96% of Exeter homes to 100% businesses will be offered a service up to 24 times faster than now; a…

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