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Sorry if you Missed Simon Zutshi’s Property Investment Strategy Planning 2013 Webinar Last Night

 – it was REALLY, REALLY BUSY!

But if you couldn’t get on, I have Good News

Property Investment Strategy Planning 2013 with Simon Zutshi

Property Investment Strategy Planning 2013 with Simon Zutshi

On behalf of Simon we have been asked to say sorry to all those people who could not get on the webinar. Please accept our humble apologies; there were some technology challenges last night due to the sheer VOLUME of people trying to join Simon Zutshi’s Property Investment Strategy Planning 2013 webinar all at the same time

For those that did manage to get through to Simon’s ‘Create Your Property Investment Strategy 2013’ webinar last night – It was amazing, wasn’t it?

 Starting the day with a plan is good, starting the week with a plan is great, but starting the year with a plan is excellent! Planning is the right way to go forward and every property investor should do it

So, because of the previous technical difficulties, Simon has agreed to hold the LIVE webinar again, one last time on
Monday 7th January at 8pm

Simon Zutshi presents…for the final time

Create Your Strategy 2013 Monday 7th January at 8pm
To register for F R E E – CLICK HERE

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UK Is A Buyers Market As Property Values Increase

UK Is A Buyers Market As Property Values Increase

UK property investors have known that the day would come when the rest of the country’s population would cotton on to the fact that there is money to be made from property.

With newspapers and television media reporting that UK property values are experiencing the strongest annual growth for nearly two years, there is little doubt that the UK public will be able to ignore the facts for very long.

The media reports are based on data from the UK Land Registry, showing the average cost of residential property in England and Wales increased by as much as 1.1% to £162,561 in September 2012, the biggest year-on-year rise since November 2010

The majority of the public have been made aware of the upward trend in house values and now believe that the UK housing market will favour buyers rather than sellers, over the next year.

The thoughts of the general UK public are also backed by new research from the Halifax, however, only 9% of people feel truly positive about buying and selling property in the near future, suggesting the UK market may still remain quiet for some time yet.

56% of respondents think it will be a good time to buy property within the next year, and just 11% believe it is the right time to put one on the market.

Halifax said that the UK was gradually becoming more optimistic about property price rises, although most people still believe any price variation within 2013 will be relatively small, with two thirds expecting fluctuations of around 5%.

The national average property valuation has begun climbing gradually again since May 2012, after a year-on-year price drop was recorded in every month between January 2011 and April 2012

62% of people believe one of the biggest challenges remains finding the money for a deposit on property, and 30% said mortgage availability would still be a challenging obstacle.

Looking for Properties For Sale By Owner? – Full Listings Here

The Council of Mortgage Lenders (CML) have stated that UK mortgage lending hit a two-year high in August 2012.

Mortgage availability has been increasing since an £80 Billion (GBP) funding for lending scheme was launched at the start of August 2012, although much of this has only been made available to residential property buyers with deposits of at least 20%.

Mortgage lenders toughened borrowing criteria following the credit crunch and many estate agents are still reporting that residential and Buy to let mortgages are no easier to obtain, with lenders picking through every detail of all applications.

Miles Shipside, director of Rightmove, said increase in asking prices “is most likely attributable to the continued shortage of new property supply. Sellers need to be mindful that the window of opportunity to sell before the traditional winter slowdown is a narrow one, and they risk being left out in the cold for months until the spring market thaw. In addition, estate agents are reporting that mortgages are still no easier to obtain, with risk-averse lenders nit-picking every detail of the mortgage application paperwork, even from buyers who seem squeaky clean.”

Rightmove said its own research has found that fewer than 40% of would-be buyers would arrange to visit a property they believe to be over-priced, even if it matches their criteria.

A new study by UK mortgage lender Halifax reckons that optimism is picking up among property investors, with more investors predicting a boost in the fortunes of UK residential property market than those predicting a dramatic fall in UK property values.

Just under 30% of those surveyed by the Halifax feel that UK property prices will increase in the next 12 months, up from nearly 28% from October 2011.

22% say UK property prices will decline, a fall of 8% on October 2011’s figures.

However, most people are predicting a year of stability in the UK housing market rather than any major changes, with 66% not expecting to see a rise or fall in property prices of more than 5%.

With the real possibility of an influx of overseas investors as the Olympics draw closer, optimism is high with many hoping that the hosting of the games in the nation’s capital will give the UK property market a much needed boost. Meanwhile, people in the North East are the least hopeful of price rises.

Halifax Chief Housing Economist, Martin Ellis, said: “The modest improvement in consumer confidence in the outlook for house prices reflects the resilience of the UK housing market over recent months in the face of a weak economic recovery and the deterioration in the outlook for both the UK and global economies.”

The UK residential property market currently puts house buyers firmly in the driving seat, according to almost 60% of those moving home.

Figures from property website Rightmove, show that 6 in 10 of those planning to move home feel that property buyers are in a far more commanding position over property vendors.

Rightmove’s survey suggests that 30% of the country feels that UK property prices will decline in the coming 12 months and just 25% believe property prices will be higher by February 2013.

With the Olympic Games set to be hosted in London this summer, UK capital residents appear to be less negative about the housing market’s future prospects, with 1 in 3 London residents predicting that property prices in the nation’s capital will be higher than they currently are this time next year.

Director of Rightmove Miles Shipside, said: “Our survey shows that sellers in the South should have more reason to be confident than those in the North, though even within regions there is evidence of variations in confidence in local micro-markets.”

According to UK property transaction figures, the number of private residential property sales fell by 11,000 during 2011, continuing the property slump that has now lasted for 3 years,.

Statistics released by HM Revenue and Customs show UK residential property sales dropped to one of the lowest totals recorded, with just 869,000 residential properties sold last year compared to the 880,000 homes sold in 2010.

The slowdown in the housing market in recent years was most evident in 2009, when only 848,000 houses were sold, (about half the number of transactions recorded in a year before the financial crisis began).

The Bank of England (BoE)  said recently that it believes even more lenders will tighten their credit criteria in 2012 and it will be even harder for would be purchasers and property investors to get a mortgage, heightening concerns UK residential property sales could hit another record low this year.

The first-time buyer sector of the industry made an ever so slight slight recovery in recent months after dropping to a three-year low last autumn.

However, the recovery may prove temporary with the stamp duty holiday for first-time buyers closing in spring 2012.

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