HMRC figures show a spring awakening in property sales..

According to HM Revenue and Customs in March the number of homes sold in the UK rose sharply as the typical spring awakening took its toll.
The figures show that there were 74,000 completed sales during March, a significant increase from the 63,000 completed in February.
The pick-up could also be a sign that some buyers brought forward purchases to benefit from the stamp duty concession, which has now expired.


for your conveyancing solutions visit us for he best conveyancing prices around! www.helpfulconveyancing.co.uk

No increase in interest rates for next 2 years...

Mortgage market experts, fund managers and economists are predicting that, despite March's shock rise in inflation the base interest rate will remain at the record low level of 0.5% until 2014, and that it quite possible will not rise for another three to five years.

Consumer price index rose from 3.4% to 3.5%, while only a rise of 0.1%, it is still significantly higher than the government's target rate of 2%. This prompted some speculation that the Bank of England monetary policy committee might raise interest rates in an attempt to curb inflation: former monetary policy committee member Andrew Sentance wrote in the Sunday Telegraph that "rising interest rates could soon be back on the agenda".

But other economists and financial experts are doubtful there will be sufficient improvement in the UK economy to enable the monetary policy committee to raise interest rates before the end of 2013 at the earliest.

Robert Gardner, chief economist at Nationwide building society, said there was too much volatility in economic data to enable the monetary policy committee to gauge accurately the strength of the economy. This volatility would be exacerbated in 2012 by the Olympics and the diamond jubilee.

"The Bank of England will want to make sure [the economy] is really gaining momentum before it risks raising interest rates," he said.


need conveyancing? compare conveyancing with us!! www.helpfulconveyancing.co.uk

Rent rises slow to 2.7% while many tenants struggle...

A recent report by the Association of Letting Agents, there has been a significant rise in the number of tenants battling to pay their rent as household finances are spread increasingly thinly.
The report states that 41% of its members reported an increase in the number of tenants facing difficulties meeting their rental payments to landlords in the six months leading up to March 2012. While last autumn it was only 37%!



need conveyancing? visit us!! www.helpfulconveyancing.co.uk

Rents during the Olympics in London SKYROCKET to £55,000 PER WEEK!!!!

While many premiership football players are well known for their massive weekly wages, many would struggle to afford the rent on a luxury London residence while the Olympics are in town.

Rent prices have gone through the roof over the past few weeks, with the most extortionate property currently on the market charging £55,000 per week for the hot property in Angel. (This is over £30,000 higher than the average weekly wage of a top football player!!)



However, the general consensus is that landlords have seen green when it comes to the olympics and perhaps become too greedy while trying to cash in on the event. 


planning to move home?
need conveyancing?
visit us TODAY!!
www.helpfulconveyancing.co.uk

House price boom causes divide within Bank of England....

According to a recent document released by the City's new regulatory watchdog, policy-makers at the Bank of England are split over how to approach the housing price boom that is on the horizon.

A number of members from the financial policy committee, in a bid to protect against another crash, wanted to adopt a more strict control of lending, however were out-voted on this notion by rival policy-makers.

The divide will aggravate campaigners who were pushing for the regulator to take an active role in preventing another house price bubble.

Minutes of the financial policy committee meeting indicate that members agreed on the need to "avoid an excessively activist, fine-tuning approach in setting sectoral capital requirements" that would prevent riskier parts of the finance industry from excessive lending.


need conveyancing? visit US!! www.helpfulconveyancing.co.uk for the best conveyancing prices around!!

Property in London worth ten times more than Birmingham!!

A study of every residential address in the UK, which stands at 27 million addresses both privately owned and social housing, has shown that property values in London are worth over 10 times more than in the UK's second biggest city, Birmingham.
Properties situated in the outstirts of London, such as Reading, also benefit from the high priced property brackets that Londoners enjoy, with Reading, which has a comparatively small population, came seventh in the poll by value. The combined value of properties in Reading came to a total of £50.3billion, which is only JUST below Bristol and Leeds and came in as higher than Belfast, Edinburgh, Liverpool and Newcastle.

The predictable north-south divide remains, however, other anomalies remain, including the fact property in York is worth more than Cambridge and property values in Huddersfield outstrip Oxford.
However, London is worth the same as the next 40 biggest British cities and towns combined.

moving home? need conveyancing? visit www.helpfulconveyancing.co.uk for your conveyancing solutions TODAY!!