Currently viewing the tag: "property price"
Are Property Price Rises Slowing?

Are Property Price Rises Slowing?

Is The UK Property Market Just Experiencing
A Seasonal Slowdown Or Is It Something Worse?

There are a lot of reports in the media attempting to suggest that the UK property market is doomed to failure, with the latest House Price Indices (HPI) published by mortgage lenders suggesting that the UK property market is slowing, however there are fears that it might be in more serious trouble.

Halifax latest figures show that property prices in the three months prior to September 2014 were 2.7% higher than in the preceding quarter but there was an average 0.6% property price rise across the UK during September, resulting in an average property price of £187,188 (GBP).

Halifax say that this is the second successive decline in the quarterly rate and predict that the annual house price growth rate has already peaked at 10% and future growth will be at a considerably slower pace. 

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RICS Warns Of Another Property Bubble If Property Prices Increase By More Than 5%

RICS Warns Of Another Property Bubble If Property Prices Increase By More Than 5%

RICS Want To Cap Property Price Increases 

RICS want the Bank of England’s Financial Policy Committee (FPC) to consider limiting annual house price inflation to just 5% in order to prevent another housing bubble.

According to research by the Royal Institute of Chartered Surveyors (RICS), excessive property price growth and high mortgage lending have left the banking sector vulnerable and specific policy on limiting property price growth is required to prevent another property price bubble.

RICS have suggested caps on elements such as:

  • Loan-To-Value (LTV) ratios
  • Loan-To-Income ratios
  • Mortgage durations
  • Ceiling limits on the amount banks are permitted to lend (should prices exceed a given limit)

RICS reckon that by sending such a clear and simple statement to the public, indicating that the Bank of England (BoE) will not tolerate property price rises over 5%, would help restrict excessive price expectations across the country, preventing property prices from over-inflation.

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UK Residential Property Prices Continue To Increase

UK Residential Property Prices Continue To Increase

UK Residential Property Prices Up For Seventh Month In A Row

Residential property prices in the UK have continued to increase for a seventh straight month in August, according to the latest house price index released by mortgage lender Halifax.

The growth in property prices suggest that the government initiative designed to kick start the property market is indeed working, to support the demand from willing first-time and next time residential property buyers, although there are fears that the UK could see another property bubble emerging, because property prices are rising so quickly.

Halifax said that residential property prices increased by 0.4% from July 2013 and were 5.4% higher than 2012, providing the UK residential property market with the biggest annual price increase since June 2010.

In July, residential property prices increased 0.9% from June 2013, and were up 4.6% from July 2012.

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Top Economist Warns Of Fresh House Price Crash

Top Economist Warns Of Fresh House Price Crash

Disastrous House Price Crash Could Be Caused By
Government’s Funding for Lending Scheme

One of the UK’s leading economists has warned of a potentially disastrous house price crash and points the finger at the Government home buying scheme for being the cause of another unsustainable property bubble.

Chief Economist at the Institute of Directors (IoD), Graeme Leach, said the introduction of the new Help-To-Buy scheme, under which UK taxpayers are underwriting thousands of new mortgages for property purchases, means the world must have gone mad.

Mr Leach said “The Funding for Lending scheme is very dangerous because it will drive up property prices at a time when it seems likely that (property) prices are already over-valued.”

The scheme is one of Chancellor George Osborne’s financial initiatives where the Government will underwrite mortgage loans allowing new and first time borrowers up to 20% of a property’s value as part of their deposit, effectively giving the Government a proportionate stake in the value of the mortgaged property.

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This is What 99% of Property Investors Do…

Everywhere you look there are still doom-laden forecasts for a property price crash. If you’re wondering what most property investors do when the market is all doom and gloom and everybody is panicking – it’s precisely this …

They do nothing about it and bury their heads in the sand.

But you can avoid this by learning how to successfully build a property business in ANY market and in ANY financial climate, regardless of the price of houses.

Interested?

London Ealing is Where Goals Are Achieved!

On June 22nd, our good friend, Matthew Moody is hosting a one-day event in London Ealing called “Cracking the Property Code Live!and it’s all about how you can build a profitable property business using the latest techniques and strategies that he will brain dump for you in an intensive event.

So if you’re thinking about starting a business in property or you’re already in property but things are not quite working out the way you want; you need to be at this event.

Tickets start from just £9.99 – get yours here

We are very much looking forward to attending as it’s going to be a great day with over 200 property investors there – selected exhibitors to help you with services – and of course, killer content from Matthew on how to build your property business the right way!

Make sure you get your ticket today

PS.
Remember that tickets start at just £9.99 for a full day of content – it really doesn’t get any better than that so don’t dilly dally as there are limited places available – book yours today! 

Matthew Moody

Matthew Moody

About Matthew Moody

Matthew Moody has been investing in property since 2004 and been involved in the HMO market, educating, sourcing, management and coaching people for over 9 years. 

From humble beginnings in Hull as the son of a policeman, he now owns a cash flow rich portfolio of £3.5 million (GBP) properties (the majority 6 bed+ HMO’s) and was instrumental in his last business (Millennia Property) for winning Letting Agent of the Year in 2010, managing over 600 units of property and taking control of over £16.5 million pounds (GBP) worth of property through instalment contracts and long leases. 

His mission is to make a difference in the property world and show people that you don’t have to struggle; you need to take the right action step-by-step to truly live out your dreams. 

Cracking the Property Code Live!

Cracking the Property Code Live!

Discover your outcome, prioritize your life and take massive action today!

 Results Action Purpose

 

Make sure you get your ticket today

 

The Event

Results – achieve the results you want in your property business

Purpose– know your purpose and why this is important to you

Action – take the right action to move your property business onwards and upwards

1 world class speaker

Cracking the Property Code Live is the culmination of 10 years in the making and brings the very best educator in the property sector to share with you his key to success.

Spend the day with Matthew Moody learning how to create a business that is profitable, sustainable and learn:
  • ◦How to understand if the path you are on is the right path for you
  • ◦How to choose two property strategies that work for you
  • ◦Which systems to use and which ones to ditch
  • ◦Which three marketing strategies you need to use
  • ◦How to have more time, and make more money

Exhibitors are:

  • Mir & Co Solicitors
  • HMO Tax
  • The Mortgage Practice

June 22nd 2013 – The London Ealing Hotel, DoubleTree Hilton – 09.00am – 05:30pm


Make sure you get your ticket today

Property Valuations In UK on the Increase

UK Residential Property Values Increase Across the UK

According to Nationwide 9 out of 13 regions in the UK recorded residential property price rises in 2011, with London the best-performing region (+5.4%) and Northern Ireland the worst-performing region (-8.9%).

Property prices in Scotland are down 0.8% on the year, having remained steady in the final quarter of 2011, in Wales prices ended 2011 up 1.5% despite having lost 0.9% in the final three months.

For the UK as a whole, the typical value of home stood at £164,785 in December, following a 0.3% increase during Q4 which helped produce an annual price rise of 1.1%.

However, at 5.2, the average house price to earnings ratio remains above the long-term average of around four, although down from a peak of 6.4 in 2007.

Due to continued property price falls, Northern Ireland is now the cheapest UK region in terms of average prices, and also the most affordable relative to average earnings.

The North remains the most affordable English region, while annual price growth of 5.4% has consolidated London’s position as the least affordable region, with a house price to earnings ratio of 7.4.

In 2012 the market is likely to be dominated by fears over rising unemployment, the squeeze on household incomes and the Eurozone finance crisis.

Forecasts for 2012 are for property values to remain stagnant at best.

Shortage of suitable property supply should continue to underpin the market, although Halifax recently reported that there were only 187,000 First-Time Buyers (FTB’s) in 2011 – the lowest annual total since the lenders’ records began in 1974.

There Will Never Be A Better Time To Invest In Property

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