Archive for 'Property news'

Understanding Property Valuation

Understanding Property Valuation

If you are selling your property, getting to estimate its worth can be quite complex and confusing. However, the truth is that property valuation is a concept that is easy to understand what property valuation entails and why it is important to both the buyer and the seller.

For starters, property valuation is a general assessment of a property to determine its monetary worth. Thus, the valuation figure is arrived at after taking into account various assumptions, factors that have an ...

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Hidden Factors That Can Affect House Prices

Hidden Factors That Can Affect House Prices

There are a number of clear factors that determine house prices, such as age, size and location. However, there are also hidden factors that may affect the value of your house, which aren’t as obvious.

Using free tools available online, such as Rightmove’s House Price Index and Zoopla’s House Price Estimator, you can track fluctuations in the housing market in your local area. This will give you a good indication of how prices are changing locally, but should only ...

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Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

As the UK government addresses the housing crisis, there have been calls for the current state of the rental sector to be addressed.

According to ResPublica, in 2015, the private rental sector (PRS) accounted for 22% of all UK households.

This number is expected to grow, with the experts at PwC predicting that around 59% of 24 to 30 year olds in England will rent private accommodation by 2025.

The cutting shortage of housing in the UK is very clear.

Since 2004, house building ...

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London flat owners trapped on first rung of property ladder

London flat owners trapped on first rung of property ladder

The high cost of flats and other starter homes in London and south-east England is not the only reason why record numbers of young people are leaving the capital, according to skip hire broker Proskips.

Evidence gathered before Britain voted to leave the European Union shows more than 280,000 people decided to move away from the capital in 2015, an increase of 3% compared with 2014.

Many commentators point to the chief reason for this exodus, led by people in ...

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Turning a House into Flats

Turning a House into Flats

Converting houses into flats is becoming increasingly popular. There’s a high demand for flats in London, and splitting a property into units can maximise both rental income in the short-term, and profit on sale in the long-term.

But where do you start? Here’s Portico London Estate Agent’s quick guide on everything you need to know about converting a house into flats…

Research the market

Before you even start thinking about conversion, you must make sure the flats you’re planning on building ...

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UK rental price increases shows no sign of slowing

UK rental price increases shows no sign of slowing

Latest figures from the Office for National Statistics (ONS) show that average UK rental price rose by 2.6 percent in the year to April 2016.

The increase was highest in England where rent rose 2.8 percent during the period. Scotland and Wales saw lesser increases at 0.5 and 0.2 percent respectively.

In the year up to April 2016, all the nine English regions saw an increase in private rental price.

Locally, London recorded the highest annual rental price increase at 3.7 percent, followed ...

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Could Your Spare Room Earn You A Small Fortune?

Could Your Spare Room Earn You A Small Fortune?

Spare bedrooms can often become a neglected space and a haven for storing household and personal possessions that can’t fit anywhere else, and is probably used most of the time as a junk or overflow room than it is as an actual spare room for people to sleep in!

However, did you know that you could actually be making a profit on your spare room by utilising the space to rent out to lodgers? This notion is becoming more and more ...

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Uncharacteristic house price fall shows how Brexit affects market

Uncharacteristic house price fall shows how Brexit affects market

Many people across the nation were shocked last week when the Leave campaign took a slight lead for the first time in the polls surrounding the EU referendum, after it had seemed for so long as if the Remain campaign was moving towards a certain, if unconvincing, victory. 

However, as the big day on June 23rd draws ever closer, it seems that the uncertainty this vote is causing in the property market is more prominent than ever. In May, according to the ...

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How to Refurbish to Get the Best Price for Your Property

How to Refurbish to Get the Best Price for Your Property

9 ways to add value to your property

 We all want to add value to our properties. However, it isn’t always the intuitive property changes that add the most value. In this articles we will focus on the changes that will help you maximize the sale price of your property.

  1. Fix Any Structural Problems

Before you consider what cosmetic improvements or additions you could make, be sure to investigate structural problems and repair them if possible. Superficial additions like new kitchens, flooring, bathroom ...

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Will declining homeownership levels boost buy-to-let investments?

Will declining homeownership levels boost buy-to-let investments?

The amount of Brits owning a home has dropped considerably over the last few years with numbers slipping from mid-70% down to 62%. Experts believe that this figure could fall even lower despite the government’s recent push to boost homeownership.

High property prices have meant that owning a home is out of the reach of many Brits. Help to Buy schemes will make buying a property easier for some however, rising prices will still price many people out of the market.

Property ...

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