News

SALES NEWS: Big rise in Exeter’s visitors give economic boost to housing market

11/11/16

There has been a significant rise in the number of visitors to Exeter and the amount they spend – a sign of economic well-being that means a strengthening housing market, too. Data from the South West Research Company, a business consultancy, shows that in 2015 the number of UK visitors to the city rose five per cent over the previous year’s total to 423,000; they spent 12…

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SALES NEWS: It’s a Sellers’ Market thanks to shortage of homes on sale

11/11/16

Whether you are preparing to sell your home over the winter or contemplating a move next year, there is optimistic news about the state of the market.  The Royal Institution of Chartered Surveyors, one of the country’s leading bodies monitoring market activity, says there is a “dire shortage” of homes on sale right now and it warns this is likely to remain the case for the next…

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SALES NEWS: More buy to let landlords consider setting up as companies

10/11/16

The Council of Mortgage Lenders says it expects more mortgage products to be launched for small-scale buy to let landlords setting up as companies. The CML says setting up a company is not necessarily appropriate for every landlord and each person considering it should consult an independent financial adviser. But it reports a surge in interest for ‘company mortgages’ even amongst individuals with just one, two or…

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SALES NEWS: Mortgage market still strong as lowest-ever rate launched

10/11/16

The mortgage market remains strong, with latest figures from the Bank of England showing that lending to home buyers and those remortgaging bounced back in September after two months of falls. There were 66,140 approvals for house purchase lending and 44,719 for remortgaging in September, up from 63,636 and 41,347 respectively in August. Meanwhile the Yorkshire Building Society has announced Britain’s cheapest mortgage. At 0.98 per cent…

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LETTINGS NEWS: Buy To Let is better investment than gold, shares or savings

29/10/16

New research has measured the returns from four of the country’s most popular ways of investing – and buy to let has handsomely beaten the others for a good return. The research compared what an investor would have enjoyed in each of the four markets had they invested an initial £50,000 in early autumn 2006: the result was based on figures at the end of September this…

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SALES NEWS: There’s still time to take advantage of more buyers on the prowl

29/10/16

The housing market is gently moving back towards the seller according to data from the National Association of Estate Agents – the organisation which monitors business across the housing market. It says that in the past five weeks there has been a slight fall in the number of properties on sale but at the same time there’s been a 10 per cent increase in the number of…

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NEWS: Yet more regulation likely on size and licensing of homes to let

24/10/16

The government has announced more regulation changes applying to landlords letting out properties – these proposals are now being consulted on but are likely to be implemented from next spring. There will be a minimum room size of 6.52 square metres for one person and 10.23 square metres for two people; the measurement would be for ‘usable’ space so would exclude any parts of a room where…

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SALES NEWS: Exeter and East Devon homes increase just over 6% in a year

24/10/16

The average home in Exeter now costs 6.2 per cent more than a year ago, while in East Devon the annual increase has averaged 6.4 per cent. The figures, released in the past few days by the Land Registry, apply to prices at the start of September. At that time the typical Exeter home, which includes Topsham, cost £239,808 and in East Devon, including areas like Lympstone…

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LETTINGS NEWS: Reputable letting agents help landlords achieve best Airbnb income

24/10/16

Airbnb is the starting point for many business travellers and tourists, and this represents a great opportunity for owners who live away and want to generate income on their home. There are now 80,000 UK homes advertised on Airbnb alone, plus a growing number on other similar websites. UK owners generated a remarkable £2.5 billion in income in 2015 and that figure is likely to be almost…

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SALES NEWS: Awards provide a boost for Exeter and East Devon housing market

24/10/16

Recent awards and announcements have consolidated the successful reputation of Exeter and East Devon – a reputation that goes hand-in-hand with a strong housing market. In the culinary world, Topsham’s Salutation Inn has won the prestigious Food and Travel Magazine readers’ award; its fine dining restaurant has also featured for the first time in the new 2017 Good Food Guide, along with the restaurant at Exeter’s Abode…

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