Pennington

Bleak five-year forecast for UK house prices

NewsBot — Thu, 29 Jul 2010 07:45:11 +0000

UK house prices will fall in real terms over the next five years, an influential group of economists has warned.

The National Institute of Economic and Social Research (NIESR) believes prices will fall, in real terms, by about 8% due to inflation rising faster than property values.

Property owners face years of uncertainty over rail link

NewsBot — Thu, 29 Jul 2010 07:43:53 +0000

The Government this week has announced it will be introducing an Exceptional Hardship Scheme for people living on the proposed route of the London to Birmingham high-speed rail link (HS2).

The compensation scheme opens on 20 August and will cover all types of property, but not those over the tunnelled sections of the proposed route.

Luxury fashion drives global retail property expansion

NewsBot — Thu, 29 Jul 2010 07:42:39 +0000

Luxury goods retailers have emerged as the most active and expansive retail sector, responsible for more than 23% of new store openings during the past year, according to the new edition of How Global Is The Business of Retail? by real estate adviser CB Richard Ellis.

CBRE’s annual survey mapped the global footprint of 294 of the world’s top retailers across 69 countries, exploring the globalisation of the retail industry at national and city levels and highlighting differences between sectors and regions, thereby identifying trends in the patterns of global retail expansion.

House prices continue to edge upwards – Land Registry

NewsBot — Thu, 29 Jul 2010 07:41:40 +0000

House prices rose slightly between May and June, according to the latest Land Registry figures.

They have edged up 0.1% since May - taking the average house price in England and Wales to £166,072.

Housing body aims to keep giving tenants a voice

NewsBot — Thu, 29 Jul 2010 07:40:16 +0000

The Chartered Institute of Housing has said that it is committed to working with tenants’ organisations in England to ensure that the good work of the National Tenant Voice can be continued.

Funding for the NTV was last week axed by the Government as part of its aim to cut back on the number of quangos.

Migration trend sees home movers quit North

NewsBot — Wed, 28 Jul 2010 07:37:56 +0000

Northern towns are increasingly out of favour as residents move away, according to the latest Quarterly Migration Monitor from reallymoving.com.

The research, which looks at migration patterns and prevailing trends among home movers around the UK, also found that Truro in the South West was most popular - recording the largest influx.

Rising residential demand creates twin market

NewsBot — Wed, 28 Jul 2010 07:36:48 +0000

Demand for residential properties in London's West End is so strong in both sales and lettings that vendors want to put their properties on both markets, according to specialist estate agency LDG.

Partner Ben Everest said: "People who own property in London’s West End have recently benefited from good capital appreciation, and so they find themselves in a very secure position; despite the latest reports that property values on the whole are in decline, prices in the West End are holding firm and the demand for rental property remains consistent.

Housing benefit caps put 750,000 at risk of losing home

NewsBot — Wed, 28 Jul 2010 07:35:53 +0000

More than 750,000 people are at risk of losing their homes in London and the south east because of caps being introduced on housing benefit from April next year, according to a campaign group.

The National Housing Federation said benefit cuts could effectively force low income families out of large parts of London and the south east.

Corner shops set for planning protection

NewsBot — Wed, 28 Jul 2010 07:34:58 +0000

Corner shops could get protected status like they do in France under new proposals being considered.

This would make it harder for an owner to change the use of a corner shop in an attempt to stave off competition from large supermarkets and keep local shops trading.

Homeowners prepare for 2012 Olympics gold rush

NewsBot — Wed, 28 Jul 2010 07:33:30 +0000

Homeowners living around London stand to make millions of pounds out of the 2012 Olympics, according to HomeAway Holiday-Rentals.

Those renting out their property to tourists during the games could generate around £4500 over the 16 day-long event - an average of £2000 per week.