Housing market is losing momentum, Nationwide says

housing market1 Housing market is losing momentum, Nationwide saysNationwide said house price inflation slowed to 9.0% in October on an annual basis, down from 9.4% in September

House price growth is continuing to show signs of slowing down, according to the UK’s second biggest mortgage lender.

Nationwide said house price inflation slowed to 9.0% in October on an annual basis, down from 9.4% in September.

Indicators suggest the market has “lost momentum”, it said.

The trend may continue in the near term, especially in London, Nationwide added.

Monthly house prices rose by 0.5% in October, taking the average house price up to £189,333.

However, Robert Gardner, Nationwide’s chief economist, said: “A variety of indicators suggest that the market has lost momentum.

“The number of mortgages approved for house purchase in September was almost 20% below the level prevailing at the start of the year,” he said.

Despite the gradual slowdown in house price growth, the broader economic outlook remains positive, Nationwide said.

‘Irrational Exuberance’

The figures are the third piece of evidence this week which suggest a cooling of the UK housing market.

Yesterday the Bank of England said that the number of mortgages being approved had fallen to its lowest level in 14 months.

The Land Registry said that house prices in England and Wales had fallen during September, for the first time in nearly a year.

The Land Registry figures include cash sales, which can be a third of the market.

The Nationwide said tougher mortgage lending rules which began in April may be one reason for the slow-down; a fear of higher mortgage rates next year another.

Jonathan Samuels, chief executive of Dragonfly Property Finance, said the “irrational exuberance” in the market appeared to have subsided.

“The new lending rules introduced earlier in the year clearly triggered a slowdown, but since then I suspect some good old-fashioned common sense has also played a role,” he added.

Original Article Posted by the BBC

Agent’s anger over Rightmove’s questioning of ‘applicant’ J. Peasemold Gruntfuttock

Rightmove Using Underhand Tactics? – We found the following article recently that we thought worthy of a repost.

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 An estate agent who registered himself as one of his own customers using a fictitious name on Rightmove was astonished when his alter ego received an email from the portal asking about his experiences with the agent.

Trevor Kent used the name J Peasemold Gruntfuttock after the character played by Kenneth Williams and said to be the world’s dirtiest old man (think peeping Tom) in the radio series Round the Horne.

In a curious twist, it has emerged that while Kent was doing due diligence on Rightmove, Rightmove was doing much the same of Kent.

Kent said: “I registered J Peasemold Gruntfuttock as an applicant to make sure Rightmove was working well.

“They now want information from him on what he thought of his treatment by Trevor Kent & Co – nearly two months after Mr Gruntfuttock’s original inquiry.

“For what purpose are they questioning my applicants? Who do they think they are – allAgents? Is this any way to treat their fee-paying customers?

“What are they intending to do with the information and are they really going to give Trevor Kent & Co feedback on what Mr Gruntfuttock thinks of them?”

The email invites the applicant to click to complete a survey, with the chance of winning a £50 voucher.

The email says: “Your feedback will help us to improve our services and offer valuable information to the agent about their inquiry handling and customer service.”

Rightmove then followed up with another email to the fictitious Mr Gruntfuttock advising him about Rightmove’s removals service.

Eye asked Rightmove about their contact with agents’ customers.

A spokesperson said: “This is something we have been running for a number of years.

“Our account managers use it as a feedback tool with their customers if they want to see how consumers have rated them.”

However, Kent said he was unimpressed: “I am not sure that I have seen any feedback about me from applicants via Rightmove.

“I would like to know if other agents know their applicants are being deeply questioned without their permission, because I certainly didn’t.”

 

Original post & Owner http://www.propertyindustryeye.com/agents-anger-rightmoves-questioning-applicant/

Advertise and Search Internationally For Free

With our new international functionality, during the launch period you can advertise properties internationally for free , no matter where in the world your property is, houseswift will help you sell it. We are the cheapest international property portal in the world right now, with premium functionality at none of the cost.

international 300x191 Advertise and Search Internationally For Free

With our new international functionality, during the launch period you can advertise properties internationally for free , no matter where in the world your property is, houseswift will help you sell it. We are the cheapest international property portal in the world right now, with premium functionality at none of the cost.

Why are we so cheap?  Well we are providing you with the media to get your property out there to the world, we have also provided you all the tools, but you still have to do the rest of the work, but by self selling you can save yourself not hundreds, but thousands of pounds.

Our FAQ section lists what you need to sell a house in the UK, and we are in the process of compiling documentation to help all self sellers the world over.

We cater for agents too with lots of UK agents already coming to join us, and at a fraction of the costs you currently pay through other portals.   Our search engine exposure is the key to our success, we are getting thousands of hits every week, through natural results and by actively following and adapting to the major search engine algorithms. If we used TV we would achieve similar results, but we prefer hard word, to maintain long term results, this allows us to keep our costs down whilst maintaining active exposure.

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Owner of first £1 council funded home gets keys

Jayalal Madde Owner of first £1 council funded home gets keys

 

Owner of first £1 home gets keys The key for the first £1 home have been given to their new owner in a scheme to get more people on the property ladder

The keys for the first £1 home have been handed over to their new owners as part of a scheme to help people buy their first home.

Jayalal Madde, a self employed taxi driver, is the first of 20 people to receive a £1 home in Liverpool as part of a bid to revive disused buildings in the city.

Mr Madde, 48, will now start refurbishing the terraced house in Granby for him and his wife and their two daughters, aged 10 and 11.

The project is part of the city council’s commitment to bring 1,000 empty properties back into use.

Mr Madde is one of ten people who will be contacted this week to tell them they have been successful in getting a £1 property. He confirmed he now has the finance in place to start refurbishment works on the house and hopes he and his family will be able to move in within 12 months.

 

Joe Andersen, the Mayor of Liverpool, handed over the keys. He said: “We’ve had an amazing response to this scheme and have been absolutely inundated with applications, so to already be in a position to allocate the first 10 homes is fantastic.

“Everything we are doing is about building a sustainable future for our neighbourhoods – and we’ve placed that at the heart of the decisions we’ve made when looking at the applications.

“We are only looking for people who have a genuine commitment to bringing these properties back to life and turning them into a home they are proud to live in.

“We’re confident that Mr Madde is one such individual.”

More than 1,000 people applied for one of the houses in the Granby Four Streets, Arnside Road and Webster Triangle East areas of the city.

Mr Andersen said it should not be forgotten that bringing the homes up to standard would be a “real challenge.”

He added: “Properties in these areas have lain empty for too long – but in tough economic times, we need to be creative and look at doing things differently.”

As part of the scheme applicants for the homes had to live or work in Liverpool and be a first time buyer. They also had to be employed and agree to live in the property for a minimum of five years and not sub-let it within that time.

Charles Dickens’s former home gets a £3.1 million revamp and reopens to the public.

The former home of Charles Dickens will reopen to the public today after undergoing a £3.1 million revamp to give the impression that the great author has just “stepped outside”

Charles Dickens House Charles Dickenss former home gets a £3.1 million revamp and reopens to the public.

The Charles Dickens Museum, in Bloomsbury, central London, was the family home of the 19th century genius between 1837 and 1839.

Visitors will be able to tour the house where he wrote Oliver Twist and Nicholas Nickleby and finished writing The Pickwick Papers, stripped as far as possible of modern additions and restored to its original condition.

The Great Expectations project, funded largely through the Heritage Lottery Fund, has also restored neighbouring 49 Doughty Street to include a visitor and learning centre and a cafe, welcoming regular school trips for the first time.

Visitors will be able to tour Dickens’s dining room, complete with place names for famous visitors such as William Macready, the great Shakespearean actor of the time, and to see Dickens’s marriage licence.

His original writing desk and his reading desk, which he designed himself, are among a series of items and documents on display.

The museum includes photographs on display to the public for the first time of the 1865 railway accident in Staplehurst, Kent, in which Dickens was involved.

It will also include costumes from the recent film adaptation of Great Expectations, including Helena Bonham Carter’s Miss Havisham and Ralph Fiennes’s Magwitch costumes.

The redesign, which opens the attic and kitchen of the house for the first time, has transformed the museum, first opened in 1925, from being viewed by visitors as “atmospheric but tired and slightly shabby” to reflecting the house in its original state, director Florian Schweizer said.

The reopening comes in the year that marks the 200th anniversary of the birth of Dickens in Portsmouth, Hampshire.

Online property portals – Your platform for selling your own house

Thanks to advanced technology, ,the Internet now offers opportunities to people to do a lot of things on their own – things that would typically be handled by professionals or experts can now be managed economically and reasonably on your own terms. The days when you had to advertise purely in local newspapers and through shop windows are gone. Newspaper advertising has faced serious decline against the huge growth in Internet advertising.

For sale by owner Online property portals – Your platform for selling your own houseWhen it comes to selling or buying of houses, many people pay a huge amount of their hard earned money to estate agents. These agents in turn simply add their clients’ details onto major property websites and wait for a phone call themselves.

The online property portal is creating a buzz these days. While searching online you come across numerous property portals. It saves your precious time and energy. Thus, you can gain information about properties from the comfort of your home. In the same way, these sites will serve as a platform for you to help you sell your own house.

 

These sites are not meant to knock out estate agents as some of them do provide a very professional and useful service, including taking care of viewings and handling things whilst you are out working. However, if you have plans for selling your own house without an agent’s help, these sites provide you with the ability take your house photos and add a short description of your home and its key features. By doing this you can save a big amount of your earnings by taking care of some of the processes involved in selling your own house.

Should you choose to not go down this avenue, you can find a list of the various real estate agents, brokers and consultants on these property portals to take care of this for you.

These portals prove very beneficial for selling or buying a property. You can browse though the sites for details online, with very little hassle. Being able to at the images of the properties online is the main benefit of online property listings, saving you going from agent to agent looking in windows, picking up descriptions, or buying local press.

House Swift is especially meant for the sellers, and provides a cheaper, more flexible as well as a convenient way to direct sell property in the United Kingdom. With our easy to use site these services are available to you 24 hours a day, throughout the year, for you to advertise you property easily.

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Weekly bin collection and solar panels are top property ‘deal-sealers’

Weekly bin collections, solar panels and a satellite TV connection are the three biggest ‘deal-sealers’ when home owners decide whether to buy a property or not, research has found.

bin collections Weekly bin collection and solar panels are top property deal sealers

Greenhouses, walk-in wardrobes and a good 3G mobile signal are also important, according to a poll of over 1,000 people by ING Direct, the mortgage provider.

The “extras” are all non-essential aspects of a property. However homeowners said they are the things that would encourage them to sign on the dotted line if they are wavering about whether to buy a house or not.

Four in ten people said that the most desirable extra on a home is solar panels. More than 360,000 homes in the UK currently use solar power. Rising fuel bills have increased the number of people looking for alternative, more affordable ways to power their home.

Meanwhile a third of people said that weekly bin collections would tip the balance if they were in two minds about a home.

Over half of British households no longer have a full weekly bin collection service, a number which has grown steadily since Labour abolished the duty to make such collections as part of its plan to enforce recycling targets.

The majority of councils now collect food waste one week and other rubbish the next, making householders separate it out into as many as nine different bins.

A third of people also listed satellite TV connection as a key extra.

Richard Doe, the chief executive of ING Direct, said: “In today’s housing market you often have to compete against your neighbours to make that sale.

“Price is obviously king, but knowing and promoting ‘deal-sealers’ can give you that vital competitive edge.”

Other items deemed desirable were a giant bathtub, and outdoor power supple, a pantry and a garden pond.

Bournemouth targeted by overseas property investors | Planet Property

2013832 e2d368e9 Bournemouth targeted by overseas property investors | Planet Property

No, really…

The area around Bournemouth is now being targeted as a prime spot for overseas investors outside London.

This puts the Dorset town in good company along with Harrogate, Oxford and Stratford-upon-Avon.

But why Bournemouth?

Better known to most as a refuge for retirees and party political conferences, its beach was last year voted Best beach in the Britain, and, surprisingly, the fourth best in Europe by Trip Advisor.

While it remains a great bucket-and-spade destination, the town has been glamming it up quite a bit lately, with an £11million designer makeover on the seafront at Boscombe, new beach ‘pods’, created by Wayne Hemingway, a pier refurbishment, new water sports academies, bars and restaurants.

Boscombe Beach Pods 009 Bournemouth targeted by overseas property investors | Planet Property

In February, Sotheby’s International Realty opened an office in Bournemouth to sell superhomes to the super rich in the top districts of Branksome Park, Canford Cliffs and Sandbanks.

Rumour has it that interest is high and a couple of wealthy Russians have already bought in the area, drawn by the beach and good private schools nearby, such as Sherborne and Canford.

So, what’s for sale? Well, you can forget the traditional Bournemouth beach hut.
How about this modest little family home? Thunderbird, an award-winning property by developers Seven, is on the market for £3.95 million

PHOTO 02 3 Bournemouth targeted by overseas property investors | Planet Property
Or Emporio, a magnificent waterside marine villa for £3.95 million.

PHOTO 01 8 Bournemouth targeted by overseas property investors | Planet Property

Or this Colonial-style beauty for £7.75 million in sought-after Sandbanks, a spit of sand that has been commanding dizzying prices for years now.
PHOTO 01 9 Bournemouth targeted by overseas property investors | Planet Property

Bournemouth targeted by overseas property investors | Planet Property.