News

SALES NEWS :- Exeter identified as Rightmove ‘property hotspot’

20/09/17

House prices have risen 2.0 per cent in the south west region over the past year according to Rightmove, the largest property portal – and one where East of Exe advertises all of its homes for sale and rent. The portal’s latest index says: The average cost of a home in the region is £306,420; A year ago the average price was £300,500; Always check with local estate…

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LETTING NEWS:- South west rents are now strongest in the UK

20/09/17

Rents in south west England have risen more over the past year than in any other part of the UK according to the respected lettings market monitor, HomeLet. It says: Rents in the south west rose 3.9 per cent between September 2016 and today; The all-UK average is 2.6 per cent, higher than it has been for three years; Across the whole country the average monthly rent…

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SALES NEWS :- Buyers now have a vast choice of mortgages

12/09/17

This month there are more mortgage products available for buyers than at any time for well over 10 years according to Moneyfacts, an independent firm which monitors the mortgage market. It says: on September 1 there were over 4,500 mortgage products available; mortgage choice has increased in each of the past 16 months; back in 2009 there were only 1,209 mortgage products for buyers.But one part of…

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Sales News :- Autumn market starts with stable house prices and rents

12/09/17

New indices looking at the housing market show stable prices and rents as the autumn sales season gets underway – and they reveal a chance for shrewd sellers to take advantage of a shortage of homes up for sale. The latest snapshots show: UK house price inflation is 2.6% per year says the Halifax, Rents are unchanged from a year ago according to lettings group ARL, Estate…

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LETTING NEWS: Boom in Staycations means more business for holiday homes

05/04/17

Two new reports into the leisure industry provide a boost for owners of holiday homes in this country, or those considering buying one in the near future. For in addition to being able to enjoy the home yourself, there looks set to be an increase in demand for homes let out in popular holiday locations such as the south west. Around 20 per cent more Britons are…

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SALES NEWS: Housing market completely calm despite Article 50

05/04/17

The extensive publicity surrounding Brexit and triggering Article 50 appears to have made absolutely no impact on the housing market, either across the country or in Exeter and East Devon. Several independent measures show that buyers and sellers are undeterred by the move and estate agents are preparing for ‘business as usual’. The National Association of Estate Agents says the number of homes sold in the past…

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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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