Articles (RSS)
BloglinesArchive for October, 2008
Westfield London Press Release
October 24th, 2008
The eagerly anticipated Westfield shopping centre is due to open at the end of this month, Carl Burgess, Manager of Winkworth Shepherds Bush, believes this development will insulate property prices in the area, and, when the market turns, Shepherds Bush will fare better than surrounding areas.
Huge regeneration projects such as this historically cause two price rises: one at the announcement of the project by developers and the second after the development has opened.
Posted in Industry-related News, Property-related News, UK Market Comment, UK Press Releases, Winkworth Office News
October Interest Rate Cut Comment
October 8th, 2008
Today’s coordinated decision made by six central banks, including the Bank of England, to cut interest rates by 50 basis points will help to bolster the housing market, according to Winkworth.
The cut is the first since April this year and came about hours after the Government announced a £50bn rescue plan for UK banks.
Posted in Industry-related News, Property-related News, UK Market Comment, UK Press Releases
Autumn Market Comment
October 1st, 2008
So far property prices have reduced by around 20% on September 2007 asking prices and there is now a perception that there is a sufficient discount on prices from last year,meaning that good value can be achieved when looking forward to the next three to five years.
This was demonstrated by the significant increase in applicants registering towards the end of August/beginning of September. Unfortunately, the subsequent financial turmoil once again caused people to pause for thought. With a lack of cheap debt available in the mortgage market, active buyers are those with significant equity. Those with equity are finding good mortgage rates and,where sellers accept the reduction in asking price, discount sales are being agreed.
Posted in Franchising, Industry-related News, UK Market Comment, UK Press Releases, Winkworth Office News
Winkworth Willesden Green Newsletter
October 1st, 2008
It has been a very challenging market this year. Unsurprisingly in this area, press reports of a 25% drop in house prices never materialised. Activity in the market was mostly affected by interest rates,which in historical terms are still fairly low, allowing some homeowners the flexibility to wait to sell. However, there has been some decrease in the value of property in the area and therefore,when selling, asking prices have been absolutely key to the success or failure of a sale. In the areas we cover (NW10, NW2 and NW6) the percentage downturn can vary a lot from street to street so we’ve found that, if you want to achieve the best possible price for your property, it is more important than ever to price aggressively and really know and monitor the market from the outset. With the right knowledge and attitude, favourable prices can still be achieved today.
Posted in UK Market Comment, UK Newsletters, Winkworth Office News
Autumn 2008 Property Price Guide
October 1st, 2008
View up-to-date information on property prices from across the Winkworth network. The Winkworth Price Guide details the average property price for a range of sales and lettings properties and is updated three times a year. This is invaluable information, at a glance.
Winkworth Autumn 2009 Property Price Guide
Posted in Franchising, Industry-related News, Property-related News, UK Market Comment, UK Press Releases, Winkworth Office News