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The average asking price for a home in England and Wales passed 300,000 pounds for the first time in March, property website Rightmove said on Monday, as buyers rushed to beat a property tax rise which comes into force next month. Asking prices for homes in London were 11 percent higher than a year earlier, but prices in the capital were flat compared with February with the biggest month-on-month increases in central, south west and north east England. Demand has grown in recent months as people seeking second homes or properties to rent them out hurry to finish their transactions before a hike in a property tax due to take effect on April 1. Overall, the average asking price in England and Wales rose 7.6 percent year-on-year to 303,190 pounds, an increase of 50 percent in a decade, far out-stripping wage growth and leaving many people unable to afford a home. Rocket Despite government attempts to boost housebuilding, Rightmove said demand was continuing to outstri...

As Chinese property investors heat up prices in many of the world's biggest cities, China buyers are now searching beyond traditional hot spots for bargains and higher returns, ranging from land in Dubai to student housing in Manchester. The investors range from wealthy individuals and private equity funds buying residential units to companies and funds setting up local joint ventures to invest in property projects STUDENT DORMS Student housing, already a hot target for private equity, is also increasingly attracting Chinese investors, some of whom buy such properties without even visiting them first. "It's different if you're buying a 3 million pound ($4.16 million) mansion in London and you want to see it. They're buying primarily for investment, as long as the figures are right they'd be buying anything," said Julie Harvey, director of property investment company Pinnacle Alliance based in London . The Sell , Salford Manchester   ...

British house price growth slowed this month, according to a survey published on Friday which suggested the recovery in the housing market, which recently pushed prices to new record highs, is advancing at a modest pace. Mortgage lender Nationwide said house prices rose by a less-than-expected 0.1 percent in monthly terms in November compared with a 0.5 percent increase in October. Commenting on the figures, Robert Gardner, Nationwide's  Chief Economist,  “UK house prices edged up by 0.1% in November, though the annual pace of price growth slowed a little, to 3.7% from 3.9% the previous month. “The annual rate of house price growth has fluctuated in a fairly narrow range between 3% and 4% over the past six months, which is broadly consistent with earnings growth over the longer term. “While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasin...

House prices, mortgages inflation , housing crisis zoopla primelocation and rightmove , the list goes on my point ? topics all in the news and we've all heard on them. And not forgetting property the property developers who have been in the news also recently. When you me or Joe Blogs , are looking to rent buy or sell a home , our first fast port of call is online Whether it's Zoopla or Rightmove we start our property search here, to get a feel of what's out there. which brings us all to the property industry spin and and counter spin of a tertiary property portal made up of the hoi polloi high end London concentric estate agency industry , whose last company accounts where Jan 2015 ( Next Accounts Due 31 October 2015 (11 months left ) Online estate agent emoov and its CEO Russell Quirk has queried whether a property website known as OnTheMarket[OTM] is running out of money.? “We recently made the point that OTM had recently been trying...

British mortgage approvals declined in September for the first time in four months, but mortgage lending and consumer credit grew at the fastest rate in years, Bank of England data showed on Thursday. The effective rate paid on households’ outstanding time deposits increased by 9bps to 1.59% in September and the rate for households’ new time deposits decreased by 2bps to 1.51% . The effective rate on the stock of outstanding secured loans (mortgages) decreased by 2bps to 3.04% in September and the new secured loan rate was unchanged at 2.57% .  The rate on outstanding unsecured personal loans decreased by 5bps to 6.84% in  September and the new unsecured personal loan rate increased by 1bp to 6.98% .   The credit card rate (all balances) increased to 10.53% , a 12bps increase on the month (see Table A for households’ effective rates). The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 2bps to 0....