Property prices ‘will fall’

Landlords may be affected after it was predicted that property prices are due to fall over the next two years.Chief executive officer at Firstrung Paul Holmes said that it is necessary for values to drop if the housing market is to progress."From peak to trough we will see a fall of about 35 per cent,"[...]

‘Low level’of new builds in 2010

Landlords could see a knock-on effect after it was announced that this year will see low levels of new houses being built.Brian Berry, director of external affairs at the Federation of Master Builders (FMB), said that building figures last year reached an "all-time low".Government targets for 2009 were that 240,000 houses would be built - [...]

Financial squeeze ‘will put more property on market’

Landlords could expect to see an increase in the number of prime properties on the market this year - particularly so after the general election.Estate agent Prickett &Ellis has said that the prime property market will "go quiet"during the election months as is typical.People are busy worrying over the outcome of the event, [...]

Landlords and buyers ‘may see reduced mortgage margins’

Landlords could see smaller margins on mortgage products this year, if predictions from one mortgage broker are correct.The cost of money will not increase this year and interest rates are unlikely to go up, according to the chief operating officer at Alexander Hall, Andy Pratt.Mr Pratt said: "I can't see any reason for the margin [...]

Mortgage rates ‘could be set to rise’

Landlords could see an increase in mortgage rates during 2010, according to the Royal Institution of Chartered Surveyors.Commenting on the latest Bank of England mortgage approval figures, senior economist at the organisation Oliver Gilmartin said that increased rates could be creeping closer. "The more buoyant housing market allied to the pick up in economic activity, [...]

Rural property prices ‘shown particular resilience’

Landlords may consider investing in rural property after it was announced that the cost of prime country houses in the UK is increasing.Head of rural property research at Knight Frank Andrew Shirley said that a recovery in house prices was seen in London in spring 2009.This has now spread across the country into different regions [...]

Halifax: Housing affordability has improved

Landlords looking to invest in their first property may be interested in research claiming that property was more affordable for first-time buyers (FTBs) in 2009 than in 2007.Average prices paid for property by an FTB on average earnings was affordable in almost four in ten local authority districts, Halifax claimed.The bank's First-Time Buyer Annual Review [...]

Property prices ‘will continue to rise’

Rentals may be affected after it was announced that house prices have continued to increase.The Land Registry published figures yesterday (December 30th) that the average house price had increased by 0.9 per cent between October and November.Property now costs approximately £161,554 it claimed - 0.3 per cent lower than last year.According to Ray Boulger from [...]

LTV improvements predicted for 2010

Landlords could be affected by better mortgage conditions in 2010 after it was announced that flexibility will return to the market.Mortgageforce claimed that loans-to-value (LTV) will continue to improve next year, with more affordable 90 per cent deals becoming available.Predictions follow reports of a ten per cent drop in mortgage lending in November by the [...]

Property market ‘still on the way down’

Landlords may see more people looking for rental accommodation after it has been announced that the property market is "still on the way down".Spokesperson for property website Briffy.com David Amstell said: "There doesn't seem to be any catalyst out there to encourage the market to do anything other than go down at the moment."He said [...]