News

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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Extra flights give boost for Exeter Airport in 2018

19/01/18

Exeter’s airport is considered a key reason why the city is so successful and why it attracts many people from elsewhere in the UK to buy homes locally. It’s had a particularly happy start to the year thanks to a series of announcements; charter company Super Break has new direct flights from Exeter its destinations include Malta, Florence, Madeira, Croatia, Iceland and Gibraltar there’s also an extra…

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SALES NEWS:- Sellers overwhelmingly favour local estate agents

19/01/18

A new analysis of how and why people use estate agents suggest that the overwhelming majority of sellers prefer High Street agencies to remote online companies. Data looking at homes sold in the final three months of 2017 show: 94% of sellers used traditional agents; only 6% of sellers tried online agents; there were no significant changes in these shares during 2017. The research, by data company…

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LETTINGS NEWS:- More changes afoot for landlords and tenants in the rental market

11/01/18

The government announced more changes to private rental sector rules over Christmas. Some proposals still need to be approved by parliament but the key measures include: extra licensing for homes let to multiple tenants in different households; minimum space requirements for some types of private lettings; a database where landlords who break the rules can be identified. The private rental market remains a good investment in areas…

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SALES NEWS:- Happy New Year for Exeter – one of UK’s strongest housing markets

11/01/18

It’s been a great start to the year for Exeter home owners and anyone thinking of moving to the city. Its housing market just been named as one of the 20 strongest in the UK in a league table drawn up by Zoopla and the Halifax building society. They say the city:- starts 2018 with an average house price of £273,874; that’s £22,789 or 9.1% higher than…

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SALES NEWS: Housing market bolstered by more buyers seeking mortgages

23/11/17

The housing market may be slowing as Christmas approaches but 2017 overall looks like being an improvement on last year in terms of mortgage availability. New figures show that in 2017: – Mortgages for existing owners moving house were up 3% on 2016 – Loans to first time buyers rose 1% – the data is from UK Finance, representing 90% of lenders. UK Finance also reports that…

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New figures show enduring appeal of buy to let investment

23/11/17

A record number of ‘amateur investors’ are remortgaging their main properties to allow them to purchase buy to let flats and houses. Figures from a national estate agency chain show that: – a record 65% of UK buy to let sales in the past year have been cash purchases; – this is a third higher than 10 years ago; – in the south west the percentage is…

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