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A Gradual Recovery Predicted for UK Property Market – 2012
11th January 2012The National Association of Estate Agents has revealed its predictions for the UK property market for 2012. They predict a gradual recovery for the UK property market with lack of available finance being the biggest barrier to would be home buyers. This ties in very much with my view and I was also pleased to … Continue reading "A Gradual Recovery Predicted for UK Property Market – 2012" -
IPPR report – extend right to buy
9th January 2012I was interested to note the launch of a report by the IPPR Think Tank which calls for more Housing Association tenants to be given the right to buy their homes. The report was championed by two MP’s David Davis and Frank Field. The IPPR’s report said extending right to buy could generate billions of pounds … Continue reading "IPPR report – extend right to buy" -
Property Market Predictions for 2012
5th January 2012Firstly how did I get on with my predictions for 2011? The first six months went as predicted with Quarter 1 being depressed and Quarter 2 showing an upturn in activity levels. The sovereign debt crisis, which continues, led to an increase in uncertainty and trepidation and while Quarter 3 was a strong quarter for property sales there … Continue reading "Property Market Predictions for 2012" -
FSA Mortgage Market Review
30th December 2011I was interested to read the reports on the FSA Mortgage Market Review. As had been widely trailed previously, the proposals focus on a new affordability regime where the onus is on the lender to show that the borrower can afford to repay the mortgage and also cover life costs. There are requirements that borrowers … Continue reading "FSA Mortgage Market Review" -
First time buyers – an endangered species
30th December 2011I was very interested to read a report from Right Move regarding their predictions for the first time buyer property market for 2012. Right Move forecast that less than a quarter of purchasers will be first time buyers – 23%, a fall from 26% being the average for 2011 and considerably short of the 40% normally … Continue reading "First time buyers – an endangered species" -
RICS – Scottish market expected to pick up
23rd December 2011I was very encouraged to read a Report by the Royal Institute of Chartered Surveyors indicating a small increase in the number of houses put on the market in November. The RICS Report from November also found 4% more Surveyors reported new buyer enquiries rose rather than fell and it advised that Chartered Surveyors were … Continue reading "RICS – Scottish market expected to pick up" -
Government gives up on Stamp Duty
14th December 2011Chancellor George Osborne has not extended the Stamp Duty holiday for first time buyers despite massive lobbying from the mortgage and estate agency industries. The Government has taken the view that the Stamp Duty break has proved ineffective and has not benefited first time buyers the way that it had been anticipated. I do tend … Continue reading "Government gives up on Stamp Duty" -
Launch of Scottish Property Centre website
12th December 2011As readers of previous blogs will know, I am currently on the Board of the Tayside Solicitors’ Property Centre. One of the projects that TSPC has been working on recently is the creation of a Scottish wide property website. Various Solicitors’ Property Centres throughout Scotland have joined forces to launch a new national property website … Continue reading "Launch of Scottish Property Centre website" -
Property Update – November
6th December 2011I am sorry that there have been so few blogs recently. This should be taken as a good sign in terms of the activity levels in the Scottish property market. I thought it would be useful to have a general update on the property market. In January I will be starting off with my review … Continue reading "Property Update – November" -
Lending Levels Slump
16th November 2011I was concerned to read a report from Valuers e-serv indicating that house purchase approvals for lending fell for the second successive month. The average deposit size was 40% in October with lower income buyers struggling to meet criteria for high LTV products. Loans with a deposit of 15% or under accounted for less than … Continue reading "Lending Levels Slump"
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