House prices increased by 1.0% month-on-month in April Annual rate of price inflation moves into double digits for first time since June 2007 House prices are 10.0% below the October 2007 peak Headlines March 2010 April 2010 Monthly index * Q1 ’93 = 100 330.6 334.0 Monthly change* 1.0% 1.0% Annual change 9.0% 10.5% Average [...]
Posts under ‘Property Investment’
Serious Fraud Office – Swoop on 19 properties in International commercial loans fraud
Six suspects have been arrested during a search operation on 19 properties throughout England. Three are being held in custody to appear before magistrates. The action relates to an investigation into suspected advance fee fraud and commercial rent fraud. The searches, involving more than a hundred investigators and police officers, took place to prevent further loss to victims. [...]
Lambert Smith Hampton say flexibility the future for commercial property
Lambert Smith Hampton say flexibility the future for commercial property Andrew Gordon, Director of Lambert Smith Hampton’s (LSH’s) Cambridge Office, believes it’s not just the biotech companies that need flexibility when it comes to office accommodation. CAMBRIDGE, ENGLAND, November, 2009 Andrew thinks more business incubators are needed for start-up and fledgling companies rather than traditional [...]
Land Registry – October house prices up 0.6 per cent since September: average house price in England and Wales now £159,546
The October data from Land Registry’s flagship House Price Index shows a positive monthly house price change of 0.6 per cent, which is the fifth month in a row in which the movement has been above nought per cent. The annual change stands at minus 3.4 per cent. This is the sixth month in a [...]
Estate agents innovative new service – auctionmove.co.uk
New online property auction website, auctionmove.co.uk, is offering estate agents the chance to promote their properties, including difficult to sell locations to a new audience, free of charge. auctionmove.co.uk will provide estate agents with the opportunity to add an auction arm to their existing business, without impacting on commission. Estate agents will also be able [...]
CBI/GVA GRIMLEY SURVEY – FIRMS CONTINUE TO REDUCE PROPERTY HOLDINGS DURING THE RECESSION
Firms have continued to cut their property holdings in the past six months, the latest CBI/GVA Grimley Corporate Real Estate survey reveals. This follows widespread space reductions since the turn of the year, and further shrinkage over the next six months is expected. The twice-yearly survey, conducted between 26 August and 16 September 2009, shows [...]
Lesley Titcomb FSA – Keynote address to the European Mortgage Federation’s annual conference
Speech by Lesley Titcomb, Director of Small Firms and Contact Centre, FSA Keynote address to the European Mortgage Federation’s annual conference 19 November 2009 Around the world the financial crisis has required interventions of unprecedented scale. The support of governments and central banks has been crucial and will remain a significant factor for the foreseeable [...]
Zoopla – Number of property millionaires hit hard by downturn
UK’s property millionaires down 35% since market peak in Nov 2007 57% of all UK homes worth over £1 million located in London North East hardest hit, losing 83% of property millionaires in past 2 years The number of million pound properties in the UK has shrunk by 35% over the past two years, despite [...]