News

Yet another national newspaper bigs up Exeter

29/03/18

The Sunday Times is the latest newspaper to ‘big up’ Exeter. In its annual ‘Best Places to Live’ feature, the paper said Exeter was the fastest growing in the UK. The report was based on a Centre for Cities report saying: Exeter created just over 3,000 new jobs in 2017 this represented a 5.1% rise in the city’s workforce; this was mostly in professional, academic and financial…

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LETTINGS NEWS:- South west rents still on the rise – but not by very much

29/03/18

Rents are still rising in the south west and across the rest of the UK, but the increases are subdued and mostly below the inflation level. Data produced by the Office for National Statistics and mortgage group IMLA shows: average rents in the south west up 1.3% in the year to March; rents across Britain as a whole up even less, at 1.1%; no part of Britain…

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Targets for new house building to be set later this year

16/03/18

The government will later this year announce targets setting out how many new homes should be built in each local authority area. The news, which applies across England and Wales, came in a government statement which also said: Councils should identify and designate more land for new homes. Developers should build more affordable homes within new-build schemes; Planning consent on land could lapse after two years if…

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We live in a wonderful city – more plaudits for Exeter’s quality of live

16/03/18

There have been two more high-profile boosts for Exeter. The first is in a survey called ‘Investing in Britain: Cities for the Future’. This investigates the growth potential of 24 cities across the UK and has discovered: Exeter is top for Quality of Life, beating many much larger cities; Quality factors include green space, low crime rates and air quality; Exeter comes 10th for infrastructure, including broadband…

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LETTINGS NEWS :- Big rise in number of tenants just as the supply of homes drops

09/03/18

The gap between supply and demand for rental properties has widened at the start of 2018 with more prospective tenants than stock coming onto the market – that’s good news for landlords wanting strong returns from their investment. Figures show: –  an average 20% rise in tenants registering at each letting agency branch; –  an eight per cent drop in the number of homes to let on…

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SALES NEWS :- Now is just the right time to consider putting your home on the market

09/03/18

The weather may suggest otherwise but spring is just around the corner and new figures suggest that if you intend to sell your home this year, now is exactly the right time to start the ball rolling. Data shows that in the past month there has been: a 37% rise in numbers of house-hunters registered with estate agents; only a 10% rise in the number of homes…

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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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