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'Cityfringe'
The Carrington Magazine
'Our phone lines are currently down at present, so please email us with your enquiries on info@carringtonuk.co.uk, sorry for any inconvenience' The first and only 144 page magazine devoted to the area published exclusively by Carrington.
Property News
Rental Market Strengthen
The stock of rental properties on the market dropped sharply in October (-10.2%) - the most significant monthly fall in the history of the index - bringing supply back to the level last seen almost a year ago. • Rents rose marginally (+0.1%) to £830 pcm in October - the sixth consecutive month of stable or rising prices - remaining 3.8% lower than a year ago. • Gross yields dip from 4.56% in October as rising house prices put pressure on rental returns • London and the South East lead the rental market recovery while the majority of regions suffer falling rental values
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House Prices continue to rise
House prices grew by 0.2% in October 2009 - the third consecutive increase which brings the year on year rate of house price growth to -4.2%. As has been the case for the last six months, an improvement in market sentiment has resulted from a mismatch between demand and a lack of supply.
Read More...
House prices stay firm
Pricing has firmed in recent months - albeit off a low base - on the back of higher sales volumes and improved sentiment. The proportion of the asking price being achieved currently stands at 92.9% - this is within 2% of where it was at the start of the credit crunch (94.8%) and compares to a recent low of 88.3% in February 2009.
Read More...
What is an EPC?
Energy Performance Certificates – what they tell you EPCs contain: information on your home's energy use and carbon dioxide emissions a recommendation report with suggestions to reduce energy use and carbon dioxide emissions Energy use and carbon dioxide emissions EPCs carry ratings that compare the current energy efficiency and carbon dioxide emissions with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and carbon dioxide emissions would be if energy saving measures were put in place. The rating measures the energy and carbon emission efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is 'D'. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties. Around 27 per cent of the UK’s carbon dioxide emissions come from domestic homes. Carbon dioxide contributes to climate change. Find out more by reading ‘Climate change: a quick guide’. Climate change: a quick guide (environment and greener living section) The recommendation report EPCs also provide a detailed recommendation report showing what you could do to help reduce the amount of energy you use and your carbon dioxide emissions. The report lists: suggested improvements, like fitting loft insulation possible cost savings per year, if the improvements are made how the recommendations would change the energy and carbon emission rating of the property You don’t have to act on the recommendations in the recommendation report. However, if you decide to do so, it could make your property more attractive for sale or rent by making it more energy efficient. For more information on saving energy and whether you are eligible for energy efficiency grants to make your home more energy efficient, follow the link below. Energy and water saving (environment and greener living section) The certificate also contains: detailed estimates of potential energy use, carbon dioxide emissions and fuel costs details of the person who carried out the EPC assessment who to contact if you want to make a complaint
Read More...
What is a HIP?
A Home Information Pack (HIP) is required for most homes, put on the market with vacant possession on or after 14 December 2007. There are a few exceptions, including mixed-use properties (such as a flat and shop being sold together), portfolio sales, or sales of properties with leases originally granted for less than 21 years. Anyone marketing a home for sale in England and Wales, whether they are an estate agent or auctioneer, housing developer or a private individual is responsible for ensuring that a HIP is in place and made available to potential buyers. HIPs are designed to bring information upfront to increase certainty and inform buyers about a property before they incur costs. Informed choice by buyers at the start of the process will help reduce delays later on and reduce wasted time for sellers.
Read More...
Property Update
Property is selling quickly where buyers see a good location, good value for money or both. Meanwhile the outlook for the coming year is for a gradual recovery in prices with the normal ups and downs in price dependent on levels of supply and demand and availability of mortgages. There’s no doubt that across the UK lenders are influencing the market significantly by stifling the important investor and first time buyer markets. Mortgage companies continue to restrict the availability of mortgages to these groups at anything like reasonable interest rates, and this will continue until the supply of credit increases and the market gets more competitive.
Rental Market Strengthen
The stock of rental properties on the market dropped sharply in October (-10.2%) - the most significant monthly fall in the history of the index - bringing supply back to the level last seen almost a year ago. • Rents rose marginally (+0.1%) to £830 pcm in October - the sixth consecutive month of stable or rising prices - remaining 3.8% lower than a year ago. • Gross yields dip from 4.56% in October as rising house prices put pressure on rental returns • London and the South East lead the rental market recovery while the majority of regions suffer falling rental values
Read More...
House Prices continue to rise
House prices grew by 0.2% in October 2009 - the third consecutive increase which brings the year on year rate of house price growth to -4.2%. As has been the case for the last six months, an improvement in market sentiment has resulted from a mismatch between demand and a lack of supply.
Read More...
House prices stay firm
Pricing has firmed in recent months - albeit off a low base - on the back of higher sales volumes and improved sentiment. The proportion of the asking price being achieved currently stands at 92.9% - this is within 2% of where it was at the start of the credit crunch (94.8%) and compares to a recent low of 88.3% in February 2009.
Read More...
What is an EPC?
Energy Performance Certificates – what they tell you EPCs contain: information on your home's energy use and carbon dioxide emissions a recommendation report with suggestions to reduce energy use and carbon dioxide emissions Energy use and carbon dioxide emissions EPCs carry ratings that compare the current energy efficiency and carbon dioxide emissions with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and carbon dioxide emissions would be if energy saving measures were put in place. The rating measures the energy and carbon emission efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is 'D'. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties. Around 27 per cent of the UK’s carbon dioxide emissions come from domestic homes. Carbon dioxide contributes to climate change. Find out more by reading ‘Climate change: a quick guide’. Climate change: a quick guide (environment and greener living section) The recommendation report EPCs also provide a detailed recommendation report showing what you could do to help reduce the amount of energy you use and your carbon dioxide emissions. The report lists: suggested improvements, like fitting loft insulation possible cost savings per year, if the improvements are made how the recommendations would change the energy and carbon emission rating of the property You don’t have to act on the recommendations in the recommendation report. However, if you decide to do so, it could make your property more attractive for sale or rent by making it more energy efficient. For more information on saving energy and whether you are eligible for energy efficiency grants to make your home more energy efficient, follow the link below. Energy and water saving (environment and greener living section) The certificate also contains: detailed estimates of potential energy use, carbon dioxide emissions and fuel costs details of the person who carried out the EPC assessment who to contact if you want to make a complaint
Read More...
What is a HIP?
A Home Information Pack (HIP) is required for most homes, put on the market with vacant possession on or after 14 December 2007. There are a few exceptions, including mixed-use properties (such as a flat and shop being sold together), portfolio sales, or sales of properties with leases originally granted for less than 21 years. Anyone marketing a home for sale in England and Wales, whether they are an estate agent or auctioneer, housing developer or a private individual is responsible for ensuring that a HIP is in place and made available to potential buyers. HIPs are designed to bring information upfront to increase certainty and inform buyers about a property before they incur costs. Informed choice by buyers at the start of the process will help reduce delays later on and reduce wasted time for sellers.
Read More...
Property Update
Property is selling quickly where buyers see a good location, good value for money or both. Meanwhile the outlook for the coming year is for a gradual recovery in prices with the normal ups and downs in price dependent on levels of supply and demand and availability of mortgages. There’s no doubt that across the UK lenders are influencing the market significantly by stifling the important investor and first time buyer markets. Mortgage companies continue to restrict the availability of mortgages to these groups at anything like reasonable interest rates, and this will continue until the supply of credit increases and the market gets more competitive.