Property News for May 2008 | News

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Property News for May 2008

Land Registry: House prices under strain

The Land Registry has given credence to a slew of recent reports which indicate UK and London property prices are heading south.

Read More ... Posted on 30th May, 2008

London 'key' to govt housing targets

The government will not succeed in its ambitious housing plans unless it focuses on freeing up property to rent in London, it has been claimed.

Read More ... Posted on 30th May, 2008

Chiswick property 'ideal for families'

It has been claimed that houses for sale in Chiswick are ideal for families, especially those with young children.

Read More ... Posted on 30th May, 2008

Landlords 'don't need to give up control of deposits'

Anyone with property to rent in London or any other region in the UK does not now have to give up control of deposits from their tenants, it has emerged.

Read More ... Posted on 30th May, 2008

New showhome opens in Watford

A new showhome has opened its doors with the aim of exhibiting the standard of property soon to be made available at a housing development in Watford.

Read More ... Posted on 30th May, 2008

London and UK needs 50,000 more rental properties

London and the UK need a combined total of around 50,000 properties to be made available each year in order to meet the demand for rented housing, it has been claimed.

Read More ... Posted on 30th May, 2008

Effect of credit crunch on regeneration in London and UK to be examined

A study of the impact of the global credit crunch on regeneration in the UK has been commissioned by a local government minister.

Carrie-esque London ladies likely to rent property

Increasing numbers of women in the capital are living "Sex and the City lifestyles" and more likely to rent London property, new research reveals.

Telford commences construction of Southwark developments

East London apartment builder Telford Homes has started its first two new developments south of the Thames, which will create a range of flats for sale in London.

Being a landlord is a long-term business

Landlords based in London and other parts of the UK must look at the long-term picture if they are to continue making profit from the private rented sector, it has been claimed.

New scheme launched for London landlords

A new scheme has been launched in London that affords people without a home the chance to rent a private flat, it has been reported.

Expert: It's as bad as it's ever been for first-time buyers

It is nearly impossible for first-time buyers to get onto the property ladder at the moment, an industry expert has said.

Tenant demand 'is still rising'

Industry experts have confirmed that demand for rental properties in London and elsewhere is increasing, but cautioned people planning on letting their homes privately.

Arla welcomes the government's commitment to rental properties

The Association of Residential Letting Agents (Arla) has said that it broadly welcomes the proposals for the sector that the government set out earlier this week.

More opt to rent as credit crunch takes hold

A new study has shown that more and more homeowners in places like London are opting to rent out their properties.

New mayor backs Croydon regeneration

London's new mayor has signalled he supports the regeneration plans for Croydon.

Renting should be considered a good option, says NLA

Queen opens Chelsea flower show

The Queen has formally opened the 86th annual Chelsea Flower Show in west London.

Families 'opting to rent long-term'

Increasing numbers of families are opting to rent flats in London and elsewhere on a long-term basis, new research has found.

East London campus to be regenerated

Planning permission has been granted for a new housing development in the east London borough of Barking & Dagenham.

ECB: No end in sight to credit crunch

The European Central Bank (ECB) has issued a damning assessment of the current economic climate, warning that the credit crunch is far from over.

Property sales 'to fall 40%'

People with flats and houses for sale in London will struggle to find buyers in 2008, the Royal Institution of Chartered Surveyors (Rics) has cautioned.

Hackney council pioneers eco-scheme

The London borough of Hackney is to take part in a new national carbon trading pilot scheme.

Investors stand by buy-to-let

The buy-to-let market is weathering the current property downturn successfully and has retained its appeal among investors.

Read More ... Posted on 16th May, 2008

Resilient buy-to-let market props up sector

Strong demand for flats to rent in London and across the UK will help the country avoid a more damaging housing crash, Reuters is reporting.

Read More ... Posted on 16th May, 2008

Boris promises safer transport

New London mayor Boris Johnson has vowed to put "safety and security" at the heart of his transport policy.

Read More ... Posted on 16th May, 2008

Green vision for Thames Gateway

The Thames Gateway regeneration project will rely heavily on parks and public gardens, it has been confirmed.

Read More ... Posted on 16th May, 2008

Long-term property investments 'a safe bet'

People who are willing to take a long-term perspective in the property market need not be alarmed by the current downturn, it has been claimed.

Mortgage lending at 33-year low

The Council of Mortgage Lenders (CML) has revealed that mortgage lending figures are now at their lowest level in 33 years.

'No perks' for prospective homeowners

People trying to find flats for sale in London will enjoy scant support when it comes to securing a mortgage.

Hopes for rate cut dashed

Homeowners and people looking to get on the housing ladder have had hopes for a cut in the base rate of interest dashed by the government's latest inflation report.

Read More ... Posted on 14th May, 2008

Free training session for London estate agents

London estate agents stand to benefit from a new walk-in training session that aims to increase awareness of market trends and government thinking.

Read More ... Posted on 14th May, 2008

Blunder reveals scope of property downturn

An embarrassing blunder by housing minister Caroline Flint has revealed the true scope of the difficulties facing the UK property market.

Read More ... Posted on 14th May, 2008

Arla advises against unregulated landlords

The incoming president of the Association of Residential Lettings Agents (Arla) has said he wants to ensure buy-to-let investors have a full understanding of their legal obligations as landlords.

Read More ... Posted on 14th May, 2008

Savvy landlord going green

Forward-thinking landlords are looking to step up their green credentials in recognition of the public's growing support for environmental issues, it has been claimed.

Read More ... Posted on 13th May, 2008

£38m regeneration scheme for Twickenham

The London Borough of Richmond has approved a £38 million regeneration scheme for Twickenham.

Read More ... Posted on 13th May, 2008

Mortgage approvals head south

Approvals for home loans continued to dwindle in March, new figures have revealed.

Read More ... Posted on 13th May, 2008

Professional buy-to-let investors 'cleaning up'

Buy-to-let investors who own sizable property portfolios are benefiting hugely from the current state of the market, it has been suggested.

Read More ... Posted on 13th May, 2008

Mortgage woes boost buy-to-let market

More evidence has emerged that the buy-to-let market is benefiting from the downturn in the UK property market.

Read More ... Posted on 12th May, 2008

Tenants warned about repossessions

People who rent a flat in London have been warned that they could fall victim to a "glut of repossessions".

Read More ... Posted on 12th May, 2008

Tenants 'value location above price'

The majority of tenants are more concerned about the location of their property than how much it costs, it has been suggested.

Read More ... Posted on 12th May, 2008

Prime property unaffected by crunch

Prime houses and flats for sale in London have not been harmed by the property downturn, new research has indicated.

Read More ... Posted on 12th May, 2008

Renting 'best alternative to buying'

Renting property in London is "not a bad option" for people who cannot afford to buy their own home, according to one leading property portal.

'Gazundering' adds to property woes

The practice of 'gazundering' is worsening an already perilous UK property market, new research has suggested.

Major East London regeneration scheme unveiled

The government has unveiled plans for a substantial regeneration scheme in the east end of London.

Buy-to-let investors feel squeeze

While people able to invest in buy-to-let property continue to enjoy healthy returns, opportunities for people to get into the market appear to be diminishing.

Inside Track closure 'unrepresentative of market'

The closure of property investment company Inside Track should not scare buy-to-let investors off the market, it has been claimed.

London rentals 'retain appeal'

Rented property in the capital is retaining its appeal in spite of "doom and gloom" forecasts from many pundits, it has been claimed.

Tenants issued contents insurance reminder

People who rent flats are being reminded of the need to ensure they have adequate home contents insurance.

Rental demand up again

The latest figures from MoneySupermarket.com show that demand in the rental sector continues to soar.

FTBs 'should prepare for negative equity'

First-time buyers (FTBs) should prepare themselves for the prospect of negative equity if they insist on entering the property ladder in the current climate.

House prices fall another 1.3%

In the latest troubling report about the UK property market, Halifax has stated that house prices fell 1.3 per cent last month.

London rents offer 'good value'

It has been suggested that people looking to rent property in London can snap up good deals in the buy-to-let sector.

Rental demand 'soaring'

Demand for rental accommodation has reached a record high, one new study has suggested.

BoE: House prices 'could fall 33%'

UK house prices look set to fall by one third, a member of the Bank of England's (BoE's) Monetary Policy Committee has warned.

Arla calls for regulated letting sector

The Association of Residential Letting Agents (Arla) has renewed its call for regulation in the buy-to-let sector.