newsKeep up-to-date with our property news and market information.
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banks lose first round of overdraft charges court case
Consumers are one step closer to victory in the battle against bank charges. The High Court has ruled that the Office of Fair Trading... read more
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prime property sale prices continue to increase, while prime London rental prices soar to record levels
The divergence between the prime London market and the mainstream sector continues to grow... read more
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what do the new tax changes mean for you?
The new tax year started on Sunday 6 April, and with it came a raft of changes that will affect individuals. Some will be beneficial... read more
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Bank of England lowers interest rate to 5.0%
On 10 April 2008, the Bank of England announced a reduction in interest rates of a quarter per cent from 5.25% to 5.0%... read more
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budget 2008 - what does it mean for you?
On 12 March 2008, the Chancellor, Alistair Darling, delivered his first Budget speech to the House of Commons. But while the increased duty on alcohol and high-polluting cars may be grabbing the headlines, what are the implications of the announcements on the mortgage and housing markets? read more
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prime property prices rise again in February 2008
Given the current turmoil in the money markets and the uncertainty that continues to be fuelled by the impact of the credit crunch, the prime London property market has demonstrated some resilience so far in 2008. read more
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Bank of England keeps interest rates at 5.25%
On 6 March 2008, the Bank of England decided to hold interest rates at 5.25%. The decision was expected from analysts and economists as the Bank tried to balance a weaker economic outlook with growing inflationary pressures. read more
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Bank of England cuts the base rate to 5.25%
On 7 February 2008, the Bank of England cut interest rates by 0.25% to 5.25%. The move was widely anticipated by analysts, with reports of rising inflation and slower economic growth. read more
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make your dream home a reality on TV
Has the time come for you to head to the countryside or coast and start over? Are you preparing to can the commute, renovate a run-down property and embrace a more laidback lifestyle? It's no small feat, but if you're on your way to a sea change or tree change, Channel Five wants to go there with you. read more
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prime London asking prices rise again in January, as the prime Country and mainstream markets continue to struggle
The rather gloomy picture of the prime London property market in November and December 2007, illustrated by the Primelocation.com House Price Index, reflected a mood of caution from buyers alongside a glut of potential sellers attempting to achieve a sale before prices declined even further. read more
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what is the average prime property price in your county?
While there are many sources available for mainstream property price information, the Primelocation.com House Price Index is unique in that it focuses purely on the prime property market. read more
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Bank of England holds base rate at 5.5% in January 08
On 10 January, the Bank of England announced that interest rates will be held at 5.5%. The decision came on the back of a slowdown in consumer spending and further signs of growing inflation. read more
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prime country property asking prices fall significantly in December, while prime London prices stall
The prime London sales market ends 2007 with average prices rising by just 0.1% since November and with annual price growth of 13.0%, down from a peak of 31.2% witnessed back in June. read more
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Bank of England reduces the base rate to 5.5%
The Bank of England announced on 6 December 2007 that the base rate has been reduced to 5.5%, down from 5.75%, following warnings of a slowdown in the economy and falling house prices across the UK. read more
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it's a mixed picture for prime London property prices in November, but prime country prices fall for the second month in succession.
After three successive months of price reductions across the prime London property sector, one could be forgiven for expecting further falls in November. However, average prices in prime London achieved a marginal monthly increase of 0.4%. While the majority of London regions saw a drop in prices in November, the statistical dominance of high-value property in the 'golden postcodes' has helped keep the overall capital in positive average price growth. read more
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HIPs roll-out extended to all properties for sale from 14 December 2007
The Government has announced that all properties being put on the market in England and Wales after 14 December 2007 will require a Home Information Pack. Since 10 September 2007, only properties with three or more bedrooms have needed to have a HIP before being marketed. The latest announcement confirms the final roll-out across the entire property market. read more
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the Council of Mortgage Lenders (CML) predicts a slower but steady market in 2008
The Council of Mortgage Lenders (CML) has released its forecast for the housing and property markets for 2008, predicting a slower but steady year ahead. It believes that UK sale transactions will slow but should remain above 1 million and also suggests that interest rates will fall by three quarters of one percent. read more
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record stock levels of prime London property in October 2007 lead to further falls in average sale prices
The most notable change in the prime London sales market this month is the surge in the number of properties for sale in October. Indeed, a 54.6% increase in property volumes, compared to this time last year, has helped turn a seller’s market into a buyer’s market in a very short period of time. read more
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properties close to the best-performing UK schools command 13% price premium
Recent research conducted by Savills Research suggests that areas immediately surrounding the top 25% of secondary schools carry an average house price premium of 13% over the county average. Conversely, the value of houses in proximity to the lowest-performing 25% of schools average 90% of the county level average. read more
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buy to let market faces a challenging 2008
The popularity of buy-to-let investment has grown significantly over the last few years, with investors piling into a market enjoying strong capital growth and offering generous returns that have out-performed many alternative investment vehicles. However, more recently, the buy-to-let landscape has become significantly more challenging. read more
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Bank of England holds base rates at 5.75%
The Bank of England announced on Thursday 8 November that interest rates would be held at 5.75% for a fourth consecutive month. The last change in the base rate was an increase of 0.25% from 5.5% to 5.75% on 5 July 2007. read more
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prime London property prices fall for the second consecutive month
Average prime London property prices fell for the second month in succession in September 2007, down 1.3% on August. read more
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average prime country property prices stall
September 2007 marks the second month in a row where no monthly price growth has occurred in the prime country property market. read more
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proposed changes to Capital Gains Tax charges: good news for property investors
Primelocation.com believes that the changes to Capital Gains Tax (CGT) announced by the Chancellor on 9 October will have a strongly positive impact on the buy-to-let residential property market, which, in turn, underpins the housing market overall. read more
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