Lib Dem Con to scrap HIPS

Written by Andrew Ellinas LL.B.

Thursday, 13 May 2010

Just a few days after the election and the new government has already committed itself to abolishing the Home Information Pack or HIP. This is good news. Although the HIP did not add significant cost or hassle to the total cost and hassle of selling a house, the need to prepare one before a property could even be placed on the market meant that nobody made experimental offerings. The result was that a vital flow of market information was throttled off.

Hung Parliament - Great News

Written by Andrew Ellinas LL.B.

Friday, 7 May 2010

A hung parliament is excellent news for the property market because in the turmoil of getting any legislation voted in it will almost certainly lose sight of two of the most damaging election manifesto proposals - the Lib Dem's 'mansion tax' and Labour's increase in stamp duty for houses worth over £1 million.

It may even fail to terminate one of the more beneficial recent measures, the tax break for first time buyers on the lowest rung of the housing ladder.

Buy To Let - It's Back

Written by Julia Garber MARLA

Monday, 26 April 2010

Remember Buy to Let? It was supposed to have died in the property crash, but it is back.

Now, of course, it is called the Private Rented Sector or PRS and is being touted not as a get-rich-quick scheme but as an essential market mechanism for housing people for whom home ownership is either unsuitable or financially unobtainable. Much more respectable.

General Election 2010

Written by Andrew Ellinas LL.B.

Wednesday, 7 April 2010

The clouds of uncertainty and doubt that obscure the property market in the runup to a general election offer a great opportunity for well-financed buyers to obtain the properties they desire at unrepeatable prices.

Most househunters defer decisions until after polling day when the colour of the new government is clear, leaving the field free for buyers made of sterner stuff.

Lettings Market View

Written by Julia Garber MARLA

Wednesday, 31 March 2010

Landlords are seeing buoyant demand and rents are hardening, at the very time property vendors are experiencing a disappointing spring market with lots of new properties competing for buyers.

The two trends are linked, of course.  People who have been renting through the recession are still holding back from buying, because of the continuing uncertainty of the market and the looming election, which has weakened demand on the sales side.  And many landlords were convinced by the earlier spring revival to put their rented properties on the market, reducing the rental stock while increasing supply on the sales side. A double whammy.

Budget 2010

Written by Andrew Ellinas LL.B.

Wednesday, 24 March 2010

The Chancellor's budget proposals for Stamp Duty Land Tax shows a shocking disregard for the needs of London and Londoners.

The raising of the threshold for first time buyers to £250,000 will benefit very few in the capital, where the average price of a property is about between £300,000 and £400,000, depending on which index you believe.

What first time buyers need is a loosening up of the market to increase choice and competition, not a tax break on non-existent properties.  The increased tax of 5 per cent on houses selling for more than a million is also directed at London, which is home to half of all the million pound properties in the UK.

Market View

Written by Andrew Ellinas LL.B.

Wednesday, 17 March 2010

The usual spring bounce in the property market has been undermined this year by the sudden emergence of a wave of sellers breaking cover after two years keeping their properties off the recession-bound market, although the national figures conceal a strong performance at the top end of the market in central London.

Nationally, an encouraging rise in the official House Price Index has been balanced by figures from online property portal RightMove showing 'virtual price standstill' in March.

An Iconic Location

Written by Andrew Ellinas LL.B.

Tuesday, 16 March 2010

St Pancras Station has become one of London's iconic locations, with Eurostar services to Paris departing from the dramatic Victorian train shed and the restoration of the amazing neo-Gothic hotel nearing completion.

Part of the former Midland Grand Hotel, designed by Sir Gilbert Scott in the 1865, has been converted into luxury apartments called St Pancras Chambers, and Sandfords is offering a two-bedroom apartment there featuring views right into the wrought iron and glass roof of the train shed.

Get the latest Properties direct to your inbox

How much is my property Worth?