© 2012 Globespan Media Ltd, 3rd Floor, 8 Baltic Street East, London EC1Y 0UP
Privacy and Cookies
Eco-friendly features in a home may not always necessarily add value to a property, but it may boost the chances of achieving the asking price, reports Marc Da Silva.
Investing in residential properties can be a great way to accumulate wealth. But before parting with your cash, an investment strategy needs to be developed. Where should you invest your money? What risks are you willing to take? What ‘green modifications', yes, ‘green modifications', may need to be made to the home?
There was a significant rise in the number of people snapping up new homes from Bellway over the spring with average weekly property sales increasing by 19%, according to the housebuilder.
The company said that new homes reservations, net of cancellations, averaged 122 per week between the start of February and the end of May, up 9% on the previous year. Private weekly sales increased by 19%.
By Marc Da Silva
The residential property market in prime central London is in a league of its own. While property prices across much of the UK stagnate or depreciate, prices in the heart of the English capital continue to increase. This is in spite of the UK recession or wider Eurozone crisis.
While the shortage of homes in the capital has contributed to significant levels of capital growth, values are ultimately driven upwards by high demand, fuelled largely by overseas purchases.
A recent Mortgage blog on WhatHouse.co.uk, which looked at ‘how to use equity to expand your property portfolio', pointed out that buy-to-let remortgages are currently at their highest level so far in 2012, reflecting the fact that more investors are taking advantage of favourable market conditions and adding to their buy-to-let portfolios.
Across the UK, the London property market was the only part of the country to see prices rise in April, albeit at the slowest rate since the middle of 2011, according to the latest RICS UK Housing Market survey.
London continues to lead the way for Private Rented Sector investment appetite, capital value outlook and future income expectation, the latest Yong Index reveals.
Anyone investing in property ultimately wants to know where to invest for getting maximum rental return.
The first rental yield league table of 2012 has revealed that the highest average rental yield in the UK is currently being achieved by landlords in the North West of England.
Prime rents across central London increased by 6.7% in 2011 despite a marginal decline of -0.3% in the final quarter, according to the 2011 Q4 Prime Global Rental Index, released today.
London was one of only two European cities to appear in the Index's Top 10, along with Geneva, reflecting the fact that the English capital remains a great place to invest in property.
Residential property prices in the UK increased in March for the first time in 21 months, partly because first-time buyers rushed to beat the end of the stamp duty holiday, according to Hometrack.
Data published by the property analytics firm show that the average price of a home in the UK appreciated by 0.2% in March compared to the previous month, marking the first month-on-month rise in property values since June 2010.
London recorded the greatest property price increase, up 0.5% month-on-month, as four of 10 regions tracked by Hometrack showed increases.