Posts with tag: buying property

UK property sales up 5% annually

Published On: October 22, 2015 at 12:46 pm

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Categories: Property News

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UK residential property sales increased by 0.8% between August and September, according to latest data released from HMRC.

This seasonally adjusted figure is 5.4% higher than at the same month last year, with the number of non-adjusted transactions staying at around the same level as in August.

Transactions

In total, the provisionally seasonally adjusted UK property transaction numbers for September 2015 were 106,030 residential and 10,300 non-residential transactions.

Moreover, the latest Land Registry data shows that there were 1,513,920 applications during the month. The South East saw the greatest number of applications with 349,215.

373,424 applications were to do with registered land and 680,982 were applications to obtain a copy of a register or title plan. 210,635 were searches and 88,229 were transactions for value.[1]

UK property sales up 5% annually

UK property sales up 5% annually

Gear Shift

Peter Rollings, chief executive of Marsh & Parsons, said that there has been a significant shift in housing market activity over the summer. Rollings notes, ‘since June property sales have been ticking along nicely, with this month on month rise the latest cause for optimism. There’s now clear blue water between sales levels now and a year ago and we’re seeing real eagerness from buyers.’[1]

‘Already, many buyers and sellers will be using the countdown to Christmas as their deadline to move home and complete transactions, meaning activity often picks up the pace in Autumn,’ he added.[1]

Concluding, Mr Rollings pointed out that London is a city of two halves. ‘At the top end, buyers are more cautious and are taking their time to get used to steeper Stamp Duty on million pound plus property sales.’[1]

‘But at the mid and lower range of the market where domestic buyers tend to dominate there remain high levels of demand facing up to restricted housing stock. Here we’re seeing good activity when property is priced correctly and longer chains than ever as sales activity stacks up,’ Rollings observed.

[1] http://www.propertywire.com/news/europe/uk-property-sales-data-2015102211121.html

 

 

Properties You Can Buy for £250,000

Published On: May 6, 2015 at 3:32 pm

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If you’re looking for a new property and have £250,000 to spend, then any of these homes could be what you’re after. In the UK and abroad, take a look at houses with this price tag.

Johns Place, Edinburgh – Offers over £250,000, Strutt & Parker 

This split-level flat has two bedrooms and has views over Leith Links to Arthur’s Seat. A portion of a period property, this home is well presented and has extra large bedrooms, a good-sized bathroom and a 28-foot-long open-plan living area.

Radcliffe-on-Trent, Nottinghamshire – £250,000-£275,000, Savills

 

This home is up for auction on 14th May, so you better be quick! The house has five bedrooms, three reception rooms and its own courtyard. With off-road parking and beautiful period features, the property is picturesque and practical.

Bettws Cedewain, Newton, Powys – £250,000, Strutt & Parker

Four barns have been converted on this farming estate and this semi-detached property has three bedrooms. The homes have been refurbished with stylish oak beams, joinery and staircases, and have exposed wooden floors. The three bedrooms have vaulted ceilings and the largest has an en suite.

Loubès Bernac, Lot-et-Garonne, France – €341,250, Leggett 

This property has three bedrooms, three reception rooms and outbuildings that could be converted. Two have already had work done and there is enough land for more. The cellar boasts a sauna and in the garden is a raised pool.

Ortaalan, Kalkan, Turkey – £250,000, Spot Blue

All three bedrooms in this villa have en suites and the master suite spreads across the whole of the top floor, with its own terrace and sea views. The house is fully furnished, has marble floors and a shaded dining terrace. On the roof-level terrace is a sunken swimming pool.