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UK house prices start to fall
House prices in the UK fell for the first time in more than a year
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Budget reaction
A real estate lawyer’s reacts to today’s UK Budget, with particular focus on the impact on the UK property industry
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High speed line for sale
The London to Folkestone high speed rail link has been put up for sale by the UK Government
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BA seeks property adviser
British Airways is searching for a sole adviser to manage its entire UK property portfolio
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In peak condition
Six members of the North East business community will swap their suits for cycle shorts to ride the length of the UK for charity
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Coalition cuts £2bn of UK projects
The Conservative/Liberal Democrat coalition UK Government has announced the full list of projects to be cancelled or suspended this year, saving £2bn
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HCA hits its targets
The Homes and Communities Agency (HCA) has exceeded its end of year housing targets, despite the economic downturn and challenging operating conditions
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Sellers return after HIPs
An increase in sellers was seen in the UK housing market in May, following the UK Government’s abolition of HIPs
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Qatar on the rise
Qatar is set to become the world’s largest real estate investor, according to a report by Jones Lang LaSalle
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Three miles for Mark
Three good friends are taking to the London water to support the Motor Neurone Disease Association next month
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A great time to sell property
We do not expect the announcement of a hung parliament to adversely impact UK property market confidence in the first instance
While it remains to be seen which policies relating to the property market outlined in the various manifestos will be implemented, on the whole, it will be other market forces which impact general sentiment.
Our March figures showed that activity has returned to pre-crunch levels and we have not seen the predicted lull in the market pre-election.
As a result, regardless of the outcome of a hung parliament, we expect key property market drivers, such as low interest rates and a weak pound, to continue to encourage further demand from both UK and overseas buyers.
It remains an exceptional time to sell a property at the moment.
Prices have increased more than 10% since last April, demand is at healthy levels and despite a current shortage of property available right now, we are starting to see supply increasing and consequently prices are beginning to flatten.
There is therefore no reason for vendors to delay putting their property on the market in anticipation of higher prices: we have already seen prices increase by around 5% this year and we do not anticipate any further increases for the remainder of 2010.
Marc Goldberg is head of sales at Hamptons International
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