UPCOMING AUCTION

Our next Auction will be on the 14th December 2016 at 7pm at The Village Hotel, Coryton, Cardiff, CF14 7EF – Call 01633 212555 for more information.

April house price average at all-time high of more than £286,000

A lack of sellers and a huge surge in the number of people looking to buy a home has pushed the average asking price of homes coming on to the market in April up to an all-time high of just over £286,000, according to the country’s biggest property website.

The report from Rightmove further highlights Britain’s housing crisis and comes in the wake of a series of announcements by party leaders that have made property a key election theme.

March was the property portal’s busiest ever month since its launch in 2000, with the number of people looking at homes up 20% year-on-year. However, at the same time the number of new sellers listing on the website was down 4% in the first three months of the year compared with 2014.

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Record investment volumes in UK commercial property in Q1 2015

A record £13,6bn was invested in UK commercial property in the first three months of 2015 according to DTZ.

The strongest ever start to the eyar comfortably outstripped the 11.2bn invested in Q1 2014 and the longer-term Q1 average of only £8bn.

There was a typical seasonal fall from the £18.1bn recorded in Q4 2014, but invester appetite remained relatively strong across UK geographies, with a record Q1 both in central London (£4.6bn) and the rest of the UK (£9.1bn). Domestic investment in central London maintained its momentum into Q1, with £1.7bn transacted, compared to £1.8bn in Q4 2014.

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UK residential property market activity strong as valuations rise

Last month saw the strongest activity on record for property valuations in any month since 2007, up 36% on a monthly basis and annual growth of 42%, new data shows.

After a 36% increase in activity on a monthly basis, the total number of valuations carried out in March 2015 has grown by 42% compared to March 2014.

First time buyer activity increased by 33% in March compared with the previous month and was up 40% from the same month last year, according to the latest research from Connells Survey and Valuation.

Activity on behalf of those further up the property ladder also saw rapid growth, but at a slower pace than for first time buyers. Valuations on behalf of established home movers picked up by 32% on a monthly basis and by 23% over the last 12 months.

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Young people in UK increasingly giving up on owning a home – Halifax survey

Rocketing house prices and years without real-terms wages growth have prompted a growing number of younger people to give up the idea of ever owning their own home, according to a major report on attitudes to getting on the property ladder. Continue reading

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