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How to Prepare and Protect Your Home from Risks

Not only is your home your most valuable property, but it’s also your sanctuary. Therefore, it’s of the utmost importance that you safeguard it against damage and other possible risks. Furthermore, you also need to prepare for any unexpected prob...

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What a Labour government would do to the UK’s housing market

The Labour party has outlined its plans for how it would tackle the country’s property market if it were to gain power as it puts the UK’s housing crisis at the top of its agenda. Affordable housing is a top priority for the Labour party,...

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A busy month for mortgages: homebuyers and movers hit record 50,000

Both new mortgages and remortgages are up year-on-year after a busy start to 2018, with the highest levels of homebuyer lending seen in more than a decade. In February more than 50,000 mortgages were taken out across the UK, according to figures from...

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Green Homes Aren’t Necessarily More Expensive

Conventional wisdom has it that if you find a home equipped with the latest eco-friendly features it’s going to cost you significantly more than one without. After all, energy-efficiency and green-home technologies have become more popular with pro...

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Top 7 stories this week in housing and property investment: 20 Apr

Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 20 April 2018. The UK property market is full of ups and downs, but this week we learned which three cities are the ones to wa...

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Government allows more agricultural conversions for new rural homes

Rural homes are getting a helping hand due to the government taking the initiative to lift restrictions on converting former agricultural and unused buildings into affordable family living accommodation. Residents living in the countryside and rural ...

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How To Price Your Home To Sell: Underprice or Overprice

As a seller, you want to sell your home for the best possible price – and hopefully as quickly as possible. Pricing a home can involve a… The post How To Price Your Home To Sell: Underprice or Overprice appeared first on LAFFEY KNOWS. Sourc...

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West Midlands house prices soared over past year as London slumped

Another revelation of house price figures, this time from the Office for National Statistics which calculates its results using data from HM Land Registry, Registers of Scotland and Land and Property Services Northern Ireland, has set the national av...

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Planning permission peaks in England as approvals get easier

A new study by an expert panel at Everest, the double glazing and home improvement specialist, has highlighted that obtaining planning permission can be a postcode lottery… Location can boost chance of gaining planning application Analysing data fr...

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Boosted Mortgage Demand May Be A Sign Of Spring

According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes spiked 6 percent last week and is now 10 percent higher than at the same time last year. The increase was part of an overall gain in mortgage ...

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Here’s what buyers really want when looking for a new-build home…

A comprehensive survey conducted by estate agent Savills has discovered the top priorities for today’s buyers of new-build properties, and the results reveal how the intended target market should be a huge influencer for developers and investors. A...

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Is buy-to-let still lucrative for landlords despite the barriers?

The buy-to-let market has been hit by a number of hurdles in recent times, but investor appetite in the sector isn’t going anywhere as bricks and mortar is still the top investment in the UK. More than four out of 10 UK landlords are expecting the ...

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Landlord licensing and compliance just got a lot easier…

A new proptech offering from compliance company GentRentr could be game-changer for landlords and agents after it received half a million pounds of investment. Landlord licensing, which affects certain landlords in selected areas of the country and w...

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London commercial property investment stagnates despite high demand

The first quarter of this year has seen commercial property investment levels in the West End and the City of London contract while a huge supply and demand imbalance is affecting the market. In the City of London, total turnover in commercial proper...

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Homes Sell At Fastest Recorded Pace In 2017

Making big decisions quickly is not usually a recipe for success. However, in today’s housing market, that’s exactly what home buyers have to do. That’s because homes are selling faster than ever these days. In fact, according to a recent analy...

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Why a broker might be the answer for your buy-to-let remortgage

Brokers are getting ready for what looks set to be a significant number of landlords looking for remortgage deals ahead of the stamp duty anniversary. April marks two years since the introduction of higher stamp duty rates and investors that rushed t...

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German-style tenancies to benefit millennials who will never own homes

A third of youngsters currently in their 20s and 30s will never own their own property, while half are likely to still be renting in their 40s. But is this necessarily a bad thing? Maybe the UK could take a leaf out of continental Europe’s book… ...

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Regions catching up with London in build-to-rent construction

Although London is currently the UK’s build-to-rent capital, partly due to its proportionately higher number of renters compared to owner-occupiers, the regions have begun to gain on the city with hotpots popping up across the country. Since the go...

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Threefold rise in landlords remortgaging for home improvements

Tenant numbers in the UK are rising and the new generation of renters want high-quality accommodation. This coupled with factors including the 3% stamp duty surcharge has led to a rise in landlords releasing money from their properties to improve the...

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New Home Builders Take An Optimistic View

Home builders are a good gauge of what is going on in the housing market. After all, their business depends on knowing whether or not Americans are interested in buying a house. And so, the National Association of Home Builders tracks builder confide...

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Borrowers needing a higher LTV benefiting from lower mortgage rates

The Bank of England’s Credit Conditions Review shows that the mortgage market is not as gloomy as it may seem for some borrowers, despite the expected base rate rise next month. Their figures show that higher loan to value (LTV) mortgage rates are ...

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Homeowners made £44 a day from their properties in last three months

While parts of the UK are zooming ahead with strong house price gains, others are declining, but the overall picture is one of a slow and steady climb across the country as a whole – which is good news. Now, research from Zoopla estimates that the ...

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North-west sees highest annual house price rise in latest figures

House prices in the UK have climbed to a record £305,732 according to the most recent data released by Rightmove after values edged up by 0.4% between March and April – but the north-west was by far the top performer. The month-on-month asking pri...

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Housing sector moving towards proptech and smart home technology

Technology that allows you to remotely control your home appliances isn’t new, but it’s becoming increasingly mainstream and is something developers, investors and landlords could use to entice tenants and enhance their offering. One of the first...

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Renters Say Cost Drives Their Housing Decisions

Money is the top factor when it comes time to decide whether to rent or buy. After all, buying a home comes with several upfront costs that can make it a challenge if you don’t already have some money set aside. So with recent gains in the economy ...

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How new data protection rules will affect UK landlords from May 2018

From 25 May, the EU General Data Protection Act will be brought in across the UK, and landlords dealing with personal information and data about their tenants need to be up to speed on how the new regulation will affect them. The new legislation, kno...

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These three cities are the ones to watch in the UK property market

The UK’s housing market is continuing to grow at a slow but steady pace, indicating the end of volatility at least in the medium-term, but some regional cities are expected to buck the trend with stronger rental and house price growth. A residentia...

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Greek revival: self-build investment opportunities to create island homes

It is still a difficult time for Greece and the local economy, but opportunities for savvy investors and buyers to buy plots of land in some spectacular locations are at an all-time high and create contemporary homes that could include mixed use sche...

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Carbon monoxide and smoke detectors: what landlords need to know

A landlord in north-west London is under investigation after two tenants died of suspected carbon monoxide poisoning at the property, which was also an unlicensed HMO. The news brings to the fore the vital need for landlords to know the rules about p...

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Most Counties More Affordable Than Historic Average

Pretty much anywhere you go there are parts of town that are more affordable than others. There are areas known for starter homes that attract young families and other parts where the homes come with higher price tags and significantly more square fo...

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Top 7 stories this week in housing and property investment: 13 Apr

Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 13 April 2018. The amount of capital invested in a property has more effect on final profits than rental prices, it has emerge...

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Making profit from London property investment ‘increasingly difficult’

London’s property market has historically been one of the strongest in the world, and while millions of investors have taken advantage and made great gains, prices in the capital are now falling and profits are diminishing. In the latest house pric...

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Build-to-rent could be set for colossal growth over the next six years

The build-to-rent sector is booming as Generation Rent continues to grow and people stay off the property ladder for longer, with 2017 seeing more than £2bn worth of investment into the market. It is estimated that around 20% of households across th...

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UK property listings soar as housing market shows signs of revival

The number of properties advertised for sale with estate agents in 100 major towns and cities across the UK increased significantly compared to last year’s figures as confidence returns to the property market. Despite the “beast from the east” ...

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Lenders should offer region-specific mortgage products

Mortgage products linked to specific sectors and regions could offer borrowers greater scope in the UK housing market, particularly as lending criteria is now stricter for buy-to-lets. The “one size fits all” approach in terms of mortgage lending...

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Beijing property giant has big housing development plans in East London

China’s leading residential property developer Country Garden is investing £400m in a brownfield site in Poplar near the River Lea in London’s East End. Planning permission was granted by Tower Hamlets local authority last November 2017 for the...

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Co-living could create a new property investment sector in the UK

In 2016/17 there were around 2.32 million students attending universities and higher education across the UK, and with the numbers on the rise, catering for the accommodation needs of millions of graduates is a vital part of solving the housing chall...

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Stamp duty labelled ‘destructive’ after payments hit record high

The government made £9.5bn from stamp duty payments last year, the highest level ever seen in the UK, and it seems second homebuyers and landlords are bearing the brunt. Stamp duty payments increased by £1.3bn year-on-year in 2017, with the average...

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What Buyers Should Know About Home Inspections

After finding a house to buy and making an offer, one of the next steps in the process is to get the home professionally inspected. This is done for a couple of reasons. One, it provides the home’s buyer with necessary information about the health ...

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New guidance on tax for landlords has been released by HMRC

Working out the various tax implications involved in being a buy-to-let landlord or property investor can be a minefield, particularly as regulations continue to change. The majority of landlords who earn money through renting out a property will nee...

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Mortgage rates begin to increase as base rate rise looms

With another base rate rise around the corner, borrowers coming to the end of their term or sitting on a standard variable rate need to act now, while low rates are still available. Mortgage rates change daily but ahead of an anticipated base rate ri...

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5 Proven Ways to Increase the Resale Value of Your Home

Before selling your home, you want to make sure that you’ll get the best deal possible when the time arrives for the final handshake. With that goal in mind, you are probably wondering how you can increase the resale value of your home in a cost-ef...

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New trends – online agents, silver spenders and a growing rental market

A new “state of the nation” report has been compiled by TwentyCi analysing the latest trends in the UK’s housing market for the first quarter of 2018, and the overall sentiment is of growing optimism and stability. Looking at the nation’s pro...

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Micro-homes: Why are properties in the UK shrinking?

There are multiple benefits to investing in a new-build, including cheaper energy bills, better insulation and more modern fixtures and fittings. However, new data has revealed that properties popping up in Britain today are getting smaller. New home...

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Americans Say Now Is The Time To Buy

Every month, Fannie Mae surveys Americans to better understand how they view the housing market, their personal finances, and the overall economy. Their Home Purchase Sentiment Index is a measure of how people around the country feel about buying or ...

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Going green means you could benefit from cheaper mortgage rates

Buyers of new-build homes might want to look to Barclays for a mortgage deal following their announcement of a new “green” mortgage. Set to launch next week, this exciting new mortgage product will reward buyers of new-build, energy efficient ho...

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Revealed: How much disposable income UK tenants spend on rent

Over the past five years, average rental prices in the UK have risen by around 9% and now stand at £1,199 a month, according to research from Landbay. But how much of their disposable incomes are tenants spending on rent across the country and how c...

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Pre-Qualifying Prospective Buyers

Everyone wants to buy a home yet many don’t really qualify. When choosing a serious buyer, it is hard to separate the real ones just by looking at them or without first having gained a proper understanding of your prospect. Your first step to worki...

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Buy-to-let boom: Number of landlords and investors hits record high

Surprising new figures have revealed the true performance of the buy-to-let market, with the number of UK landlords hitting an all-time high of 2.5 million in the last tax year – proving that, despite the headlines, the sector is very much open for...

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What Brexit? UK investment hits record high despite negative sentiment

Stories surrounding the effects of Brexit on the country’s economy have largely focused on the negatives, but the most recent official statistics have revealed a somewhat different situation… Last week, the latest figures from the Office for Nati...

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How Mortgage Rate Increases Affect Home Buyers

Mortgage rates have been increasing lately and there is an expectation that they will move higher this year. But while home prices get a lot of attention, rising mortgage rates are a little more difficult for buyers to calculate in terms of what it w...

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Property investors make more from house price gains than rental income

Buying a property at the right price brings buy-to-let landlords better gains in the long-term than those who focus on rental yields, according to new research – meaning that those who invest in off-plan property stand to achieve the best returns. ...

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What the new system identifying rogue landlords means for the industry

For the first time, the UK now has a database of all the nation’s rogue landlords and letting agents which councils can view and share in order to monitor the culprits. However, the system has come under fire from one national body for not being op...

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7 top areas in London’s lagging property market with good rental yields…

After many years of soaring house price growth in London, the past few months have seen values in the city begin to level out and even slump in some areas, while other parts of the country are booming. But some areas are still generating returns for ...

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Smooth transition for businesses to prepare post-Brexit

Although the Brexit countdown has started with the UK set to quit the EU in less than a year, the good news is that Theresa May’s government has negotiated a 21-month long implementation period with the EU, which will commence in March 2019 post-Br...

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Analysis Finds Property Tax On The Rise

When considering the costs of homeownership, it’s sometimes easy to forget about property tax. Home buyers focus a lot of attention on their prospective mortgage payment and the potential cost of any remodels and renovations but often forget to thi...

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Top 7 stories this week in housing and property investment: 6 Apr

Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 6 April 2018. This week we saw how some millennials are looking into buying with friends as well as crowdfunding to get a foot...

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Landlords enjoy more stability and better profits as rental yields grow

The rental market in the UK is continuing on its positive trajectory with a healthy annual 3% rise in average rents reported in February, while landlords and investors who are feeling the squeeze can look to the north to maximise their returns. There...

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Affordable homes and good transport attracting buyers to Newport

Property hunters are starting to migrate west into South Wales after Newport emerged as the fastest place to sell a home, with it now taking buyers 33% less time to commit to a property purchase than it did a year ago, according to Rightmove. The res...

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Borrowers call for lenders to go digital and reduce ‘mortgage stress’

The digital transformation of the housing and property sector is taking place across all aspects of the industry, and mortgage lending could be the next big proptech target… According to a survey by online mortgage broker Trussle, 70% of homeowners...

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Stock Market Volatility Slows Mortgage Demand

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were virtually unchanged last week, remaining at two-month lows. But despite favorable rates, demand for mortgage applications fell. Mike Fratantoni,...

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Young professionals ducking homeownership as over-50s dominate market

The latest data from Savills looking at UK homeownership has revealed that the amount of the nation’s property wealth held by the older generation is on the rise, while youngsters are increasingly less likely to own a home. It has emerged that aro...

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Why Birmingham is a top property investment hotspot right now

The population of Birmingham is expected to grow by around 13.7%, or 150,000 people, by 2031, bringing with it increased demand for new homes – something that developers, investors and landlords are beginning to recognise and take advantage of now....

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Homeowners and landlords more likely to renovate than relocate

UK homeowners have spent a whopping £41bn on home improvements over the past five years, which amounts to around £1,875 each, as the cost of moving or investing in a new property means many are choosing to stay put instead. The UK property market i...

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Leaseholders and renters to benefit from new code of practice

The Ministry of Housing, Communities and Local Government is initiating a further crackdown to protect leaseholders as well as tenants from unfair fees and service charges from managing and letting agents. A new code of practice is set to be introduc...

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Market Trend Means Gains For Homeowners

It’s said that there are two sides to every story. Well, there are also two sides to the housing market. For example, since the end of the recession in 2009, home prices have risen 37 percent, according to Freddie Mac’s most recent monthly outloo...

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Buy-to-let landlords showing resilience in the face of tax relief cuts

As the deadline for Section 24 tax relief changes is now upon landlords, many have predicted a gloomy future for the buy-to-let market, but it appears the sector is adapting well to the changes. The buy-to-let market is facing some challenges at the ...

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Further signs of Leeds building boom as entrepreneurs eye up city

Leeds is seeing a revival in its property and development industry at the moment as it becomes a major player in the Northern Powerhouse, while an international group that enables networking among the sector’s young entrepreneurs has decided to lau...

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Hotel investment rose by 32% last year with regions overtaking London

Investor appetite for hotels, particularly from overseas buyers, saw major growth last year as investors look for alternative assets and diversification within the UK’s real estate market. The latest report released by Savills looking in detail at ...

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Gap in supply of rental properties could be bridged by investors

The number of privately rented properties registered at letting agents decreased again in February by a further 5% compared to January, but as Generation Rent continues to rise, the void means the market is open for new investment. On average, accord...

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How Photography Can Help Sell Your House

Increasingly, people rely on technology to simplify tasks that were once difficult or time consuming. These days, everything from grocery shopping to running a business can be done with an assist from a smartphone app. So it’s no surprise that home...

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‘Right to rent’ causing landlords to avoid letting to foreign tenants

The Residential Landlords Association (RLA) is calling for a judicial review of the government’s “right to rent” policy after it emerged that landlords are being put off letting to non-UK nationals due to fear of sanctions. All landlords in the...

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New scheme to tackle 1,000 empty homes will transform Preston

The number of empty homes in the north-west has almost halved since 2008, from 73,888 to around 40,000, but there’s still a long way to go and Preston is one city that is taking action against the problem. Preston Council has set aside an initial ...

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What Style Of House Do You Prefer?

Most regions offer house hunters a variety of architectural styles to choose from. Whether you prefer bungalows to ranches or modern over contemporary, you can likely find something that fits your preference. But, according to one recent survey, what...

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Why property crowdfunding is now a popular choice for millennials

Investing in buy-to-let property is still a top investment choice for thousands across the UK – but more millennials are now discovering the benefits of property crowdfunding as an alternative way of entering the real estate sector. Property invest...

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5 Home Improvements That Can Help You Save Money

If you’re like most homeowners, chances are you have a long list of home improvements you’d like to invest in. However, some projects are more urgent than others and can help you save money in the long run. In case you’re wondering which improv...

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More Home Buyers Sign Contracts In February

If you want to get a feel for how many home buyers there are currently active in the housing market, the National Association of Realtors’ Pending Home Sales Index is a good place to start. It tracks the number of contracts to buy homes signed duri...

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UK house price growth slows slightly – but London is diluting the figures

The latest Nationwide house price index for March has revealed that house prices across the country remain relatively stable despite a small slowdown in growth, but the north-south divide is having a bigger effect. Property prices across the UK grew ...

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6 Killer Real Estate Tips to Sell a Property

If you’re in a hurry to sell your home, but still want to get a good price for it, there are some things you can do to ensure a quick and satisfactory sale. Buyers can be very spoiled, so every little thing counts, from your marketing strategy to y...

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Barclays predicts Stratford-upon-Avon will take centre stage by 2021

Close to key areas such as Birmingham, which is enjoying a boom time right now along with many other parts of the West Midlands, Stratford-upon-Avon is attracting growing numbers housebuilders, developers and investors. All eyes are watching the West...

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Millennials joining forces to make mortgage investments

With the average age of first-time buyers continuing to rise, the majority of youngsters find saving for a hefty deposit the biggest barrier to homeownership, with many opting to pool their resources with friends and family to help them onto the ladd...

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Mortgage Loan Demand Grows Despite Higher Rates

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates rose last week but the increase did nothing to dampen demand for loans. In fact, refinance activity was up 7 percent from the week before and request...

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Older renters offer new opportunities in build-to-rent and buy-to-let

News that the number of over-65s in the private rented sector is booming could open up a new avenue for savvy landlords, investors and developers, particularly as a third of such renters feel their current accommodation is not appropriate for their n...

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Millennials Pay A Whopping $92,600 In Rent Before They Turn 30

Between the ages of 22 and 30, the median total amount millennials spent on rent was $92,600, according to a new report from real-estate website RentCafe. That’s $10,400 more than the inflation-adjusted amount that members of Generation X paid at t...

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Just days left before land transaction tax replaces stamp duty in Wales

From 1st April, stamp duty land tax (SDLT) will be replaced by land transaction tax (LTT) in Wales, marking the first new tax in the country for 800 years. People buying property in Wales will face a new tax system after this weekend as the long-awai...

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The true effects of foreign investment on the UK property market

Investment in UK real estate by overseas buyers and foreign-owned companies has soared in recent years to reach billions of pounds, particularly in London. Could it have pushed up the country’s house prices? Research from King’s College London, w...

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Homeowners Say They’re Optimistic About Buying

Asking Americans whether or not they think this is a good time to buy a house can be an imprecise way of measuring interest in the housing market. That’s because there are a number of personal factors that are weighed when deciding whether or not i...

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Asking price vs selling price in UK property: the gap is finally shrinking

In December, research from Zoopla showed that the number of properties across the UK selling for less than their original asking price was growing – but new data indicates the situation may now be reversed. The latest research from Rightmove lookin...

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Smart Scandinavian design inspires new developments in the UK

Last week Mercer released its 20th annual global Quality of Living Survey rankings, which saw Copenhagen placed at number nine while London fell to 41st, with Vienna claiming the number one spot. Scandinavian homes rank high on happiness It’s wide...

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Which city has knocked Bristol off top spot as UK’s best place to live?

The Sunday Times has revealed its countrywide list of the top places to live by region, with a new entry being named the best place to live overall in the UK… Last year’s winner, Bristol, has been knocked off its perch by the historic walled city...

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RLA: Government should crack down on tenants as well as landlords

Rent cheats could benefit from the government’s plans to cap deposits at six weeks’ rent, according to the Residential Landlords Association (RLA), meaning landlords might end up out of pocket. The RLA has described the changes set to be introduc...

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Number Of New Homes At 9-Year High

There are now more new homes for sale than there have been at any time since March 2009. In fact, new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development show there were 305,000 new homes for sale in February, whic...

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Good news for housing market as mortgage approvals begin to rise

After a four-year low in mortgage approvals, the numbers have now begun to bounce back, with rises in both first-time buyer mortgages and remortgages recorded last month. UK Finance has reported that both mortgage and remortgage approvals have risen ...

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London house prices see lowest average growth rates in seven years

More than two-fifths of London postcodes registered year-on-year house price falls last month with central areas suffering the worst falls, while some of the country’s regional cities have seen more than 7% growth. Hometrack has released its latest...

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Property price rises and stocks create a million millionaires in Hong Kong

Out of a total population of around 7.36 million, around one in seven people in Hong Kong is now a millionaire, and property is the main investment vehicle. Rising property prices as well as growing stock markets have both contributed to the increase...

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Housebuilders call for more recognition from UK government

The housebuilding sector has risen to the government’s challenge to build around one million new homes by 2020 and is currently well on target to deliver. In return for making this commitment, this month leading members of the construction industry...

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What Strategies Are Buyers Using This Spring?

From all accounts, this spring’s housing market is going to be a busy one. High buyer demand has carried over from last year and so have inventory concerns in many markets. In other words, anyone hoping to find and buy a house this spring should be...

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Greater Manchester chosen to receive share of £300m funding for housing

Three areas of the UK have been selected by the government to receive a share of almost £300m in funding to go towards building homes and supporting infrastructure, including the provision of more affordable housing. Greater Manchester, Oxfordshire ...

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How landlords can save money by self-managing or using online agents

The buy-to-let market continues to shift across the UK and it seems that landlords are adapting along with the changes, with more planning to ditch high-street letting agents in favour of cheaper alternatives. There are around five million households...

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Smart Tips to Set Up Your House for Homeschooling

Homeschooling is steadily gaining popularity with open-minded parents who prefer a more relaxed approach to learning. Aside from being a great alternative to crammed classrooms in public schools, the most obvious benefit of home education is that it ...

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