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In our continuous bid to keep all of the investors and consultants at the forefront of the UK market we bring you

 

BREAKING NEWS from the UK Property Market

 

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Article:           “Housing demand in UK reaches 11 year high”

Published:       Monday, July 27th 2015

Source:           PROPERTY WIRE : http://www.propertywire.com/news/europe/uk-property-demand-sales-2015072710792.html

 

Excerpt:

Housing demand in the UK has reached an 11 year high with the number of housing hunters registering with estate agents reaching almost 430 per branch at a time when fewer homes go on sale.

 

The number of house hunters registered per branch of members of the National Association of Estate Agents reached 439 in June, the highest since August 2004, and sales to first time buyers fell.

 

This is 15% more than in May when 383 house hunters were registered per branch and it comes at a time when supply of housing stock fell from 46 in May to just 44 houses available per branch, widening the growing gap between supply and demand.

 

‘What we’re seeing is a market that lulled over the general election period, coming back to life in full force,’ said Mark Hayward, managing director of the NAEA.

 

‘Buyers are feeling more confident and those who put their plans on hold over the election and political aftermath have kicked off their hunt, causing this massive jump in demand. There’s also an impetus to buy right now in light of the impending interest rate rise as buyers fight to buy and fix mortgage rates. But the fact that demand is at an eleven year high without the housing stock to fuel it, is bad news for the market,’ he added."

 

 

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Article:           “UK housing: First-time buyer prices continue to soar as estate agents push for more supply”

Published:       Monday, July 27th 2015

Source:           INTERNATIONAL BUSINESS TIMES : http://www.ibtimes.co.uk/uk-housing-first-time-buyer-prices-continue-soar-estate-agents-push-more-supply-1512776

 

Excerpt:

First-time buyer house prices jumped by 7.6% to £166,393 in June compared to the same month in 2014, a study by estate agent Haart found.

 

The continuing surge of house prices have caused estate agents to call on the government to encourage an increase in supply.

 

Lobby groups have long called on the government to impose stricter regulations on landlords and agents to cap the house prices as demand in the UK is through the roof. Mortgage lending jumped by 29% to £20bn in June but first-time mortgage applications fell by 1.2%.

 

First-time buyers are most affected by the soaring house prices as currently, typical "aspiring homemakers", the generation of 26 to 35-year-olds, are unlikely to afford a home to start their family and even rent prices are often too high for young professionals."

 

 

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Read more current news stories here:         http://www.earnestknight.com/marketintelligence.html        

 

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Dear investor,

 

If after reading the above article you are one of those savvy investors that want to make the most of the historically safe and profitable UK property market but maybe because you are too busy at your own work and cannot find the time you think it’s not for you just now, do not worry:

This is where Earnest Knight Consulting excels and specializes in helping investors with thorough due diligence and selection process we implement before we commit to any deal.

This in turn helps our investors not only on the profitability side, but saves tremendous amounts of time and money in research for our clients and is one of the reasons why we are highly praised.

 

 

An informed investor is a successful investor!

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