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Your Move Property Blog

Thoughts, Opinions & Analysis of the UK Property Market

Scotland House Price Index Infographic October 2014

November 20, 2014 08:17 by YOUR MOVE
Scotland House Price Index Infographic September 2014 - published November 2014

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England and Wales House Price Index Infographic - October 2014

November 14, 2014 02:00 by YOUR MOVE
House Price Index Infographic from Your Move - October 2014

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October 2014 House Price Index

November 13, 2014 10:57 by Your Move Press Office

PROPERTY MARKET SHRUGS OFF SLOWDOWN AS SALES SURGE 9% IN OCTOBER

· Highest number of completed home sales in seven years driven by an uplift in activity outside of London
· House prices climb 0.7% (or £2,026) in a month, in response to demand
· Prices fall at top end of London market, as prime central areas of the capital decouple from rest of country

 Commentary:

David Newnes, Director of  Your Move estate agents, comments: This increased level of house sale completions marks a considerable – though laborious – reflection of the increased buyer activity earlier in the year since the recession zapped the energy from the market. October saw the highest level of house sales completed in a month since November 2007. In part this was driven by a better throughput of sales that had sat in the pipeline for some time, finally coming through to completion.

“On a monthly basis, house price inflation has edged up from just a 0.3% increase in September, as we see some modest growth. Recent hiccups in the market have not shaken the overall underlying stability and the average UK homeowner has seen the value of their property rise £26,500 (or 10.5%) in the past year. Average house prices across England and Wales have reached a new record for the sixteenth successive month."

Read the full index

 

 

 




November 2014 Tenant Arrears Tracker

November 12, 2014 09:57 by Your Move Press Office

 TENANTS REBUILD FINANCES AS SEVERE ARREARS RECOVER 9% IN A YEAR

·  Number of tenants severely behind on rental payments has fallen by 9% over the last twelve months

· Improvements mean an overwhelming 98.6% of private sector tenants now avoid significant rent arrears

· Progress begins to be reflected in rate of evictions, as court orders drop by 16% in latest quarter

· 65,200 UK households remain more than two months behind on rent, compared to 71,700 in Q3 2013

Overview

Tenants have rebuilt their financial position over the last year, with the total number facing serious rental arrears falling by a significant 9% over the last twelve months, according to the latest Tenant Arrears Tracker by Your Move which is part of LSL Property Services PLC.

In absolute terms, those more than two months behind on their rent now number just 65,200.  This compares to 71,700 tenants at least two months in arrears in the same period last year, or an annual improvement of 6,500 households who no longer face the potential threat of losing their home.

Commentary 

David Newnes, Director of  Your Move, comments: “The private rented sector has mustered enough new capacity to meet, in part, the growing demand for affordable housing, through the greatest economic depression in modern times. This isn’t just about those relatively prosperous households forced to put ownership plans temporarily on hold.  For many thousands of others, with far tougher monthly budgets, private tenancies have also provided a lifeline.  For many renting is now their chosen route as it provides flexibility and mobility.

“Gradual rent rises, on a par with inflation, have helped. But now a bigger turnaround appears to have happened.  For many years more momentary cases of rent arrears have been in decline, yet it’s only recently that the most serious cases – where families could actually lose their homes – are following suit.

 “One explanation is the improving jobs market, with the improvement in unemployment constantly outperforming expectations.  Wages would however need to rise faster for most households to feel the full effects of economic recovery.  Reduced unemployment levels would seem to be far more beneficial for those households who are struggling the most.”  

 Read the full tracker

 

 

 

 




Autumn Gardening Advice

November 5, 2014 10:27 by YOUR MOVE

As the darker nights are drawing closer, there is still plenty of time to enjoy your garden. Autumn can be a wonderful season in the garden and we still get some lovely sunny days in order to finish off the last few jobs before the frost sets in.

With temperatures dropping, so are the leaves, as trees descend into a winter dormancy state. This brings us to one of the first jobs you should be starting during Autumn, raking and collecting all the leaves that have already fallen.

Whilst there is still time to enjoy your garden, how about tackling some of the jobs listed below to ensure you garden springs into life in the New Year!

Gardening jobs to do during Autumn...

1.Make leaf mould, clear up any leaves in your garden, place them in a bin liner, tie the top and put a hole in the bottom and sides to let air circulate. You may on occasion need to moisten the leaves if they become too dry. After twelve months, this can then be used to mulch your garden

2.Mow your lawn. This is possibly your last chance to mow your lawns and trim the hedges before it gets too wet

3.Spring clean your greenhouse, sweep out plant debris and disinfect shelves

4.Begin to move plants that may be affected by the cold into your greenhouse or indoors away from direct heat such as radiators. Also, empty any decorative plant pots that you have outside and aren’t frost proof and store them away in your greenhouse or garage

5.Prune shrubs, removing any dead or diseased branches

6.Maintain your gardening equipment, decide if your lawn mower needs servicing ready for spring, sharpen shears, wash tools and dry thoroughly to prevent rust 

7.Collect and store any seeds from plants in your garden ready for sewing next year

8.Harvest conkers and place them on your windowsills to ward off spiders

9.Help wild birds. If you can, feed twice daily and put out (high fat) bird food to help them survive the frosty nights

10.Put a net over your pond to stop autumn leaves falling in and fasten with rocks or bricks




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