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Rising Mortgage Approvals a Sign of Positive Market Growth

Post Author By Evo Plus
Post Date 26/05/2023

According to the most recent data released by the Bank of England, the number of mortgage approvals rose for the first time in six months between January and February of this year.

This period saw a rise from 39,647 to 43,563, following a sustained decline in the latter half of 2022. Although this signifies a gradual return to previous norms, February approvals remained a third lower than 12 months previous, so there is still quite a way to go to reach last year’s monthly average of 62,700.

Mortgage approval rates increased by a further 18% in March of this year

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The Top 10 Cheapest Areas of London to Buy a House or Flat

Post Author By Evo Plus
Post Date 16/04/2023

6. Croydons

Croydon is in south London. Croydon is the largest town in the London borough of Croydon and one of the largest in Greater London. It has a population of around 385,000.

The average house price in Croydon (based on the CR0 postcode area) is currently £375,376.

The Croydon CR0 area includes districts such as the town center itself and Addiscombe, Addington, Beddington, Broad Green, Coombe, Forestdale, New Addington, Selhurst, Shirley, Spring Park, Waddon and Woodside.

Croydon has a wide range of local amenities for retail and leisure. It also has some of the best transport links in London.

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Real Estate News

What Does the Latest UK House Price Index Mean for Investors?

Post Author By Evo Plus
Post Date 07/03/2023

According to the latest UK House Price Index, property values saw a subtle yet significant rise over the course of 2022, ending on a December average of £294,329 – an increase of over £21,000 from the opening January price.

Having closed the year with an average property value of over £26,000 more than the previous December, 2022 signified another healthy growth period for the UK market.

The summer months brought them the most movement with a decrease in the average property price of 5.3% between May and June, before a significant 7.4% rise between June and July.

Regionally, the South

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Real Estate News

62% of Buy to Let Landlords Report Increase in Tenant Demand

Post Author By Evo Plus
Post Date 27/02/2023

In the midst of the current economic climate, the demand for rental properties has seen a significant upsurge, the latest studies show.

A recent 2023 Landlord Report has seen 62.24% of buy-to-let landlords state they have experienced an increase in demand for their rental properties over the last 12 months.

The research comes courtesy of specialist property finance broker Finbri where an associate has highlighted how owing to the “continued instability of the mortgage market and the UK economy, rental property demand is rising. Due to prolonged uncertainty, first-time buyers are postponing entry into the market.”

Landlords in Central London

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Real Estate News

How to Invest £30k – The Best Ways to Invest £30k in 2023

Post Author By Evo Plus
Post Date 03/02/2023

One of the most traditionally popular investment options, stocks remain a prevalent way to invest in 2023.

The stock market allows you to buy shares, or fractions of ownership, in companies so you can earn returns based on how they perform financially.

The more stocks in a company you own, the larger your stake of ownership is and the more profit you will make from your portfolio. For example, if a company had 1,000 shares and an investor owned 100 of them, then that investor would own 10% of the company and be entitled to 10% of the company’s profits.

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Real Estate News

Saint Augustine’s University, real estate firm announces $75 million campus land project

Post Author By Evo Plus
Post Date 27/01/2023

Saint Augustine’s University, real estate firm announces million campus land project

RALEIGH, NC — Saint Augustine’s University and Atlanta-based real estate development firm Carter agreed to a proposed $75 million campus land project.

The university announced plans on Saturday to develop a 320-unit multifamily project on the property.

“This development opportunity is a beacon of light for students, the Raleigh community, and the global society to engage with SAU in this transformative venture,” Board of Trustees Chairman James Perry said in a news release.

Board of Trustees Vice Chairman Brian Boulware echoed Perry’s sentiments.

“I am excited to see the impact that this development venture will have on SAU and the

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Real Estate News

What are the Best Things to Invest in Right Now?

Post Author By Evo Plus
Post Date 18/01/2023

Made famous by the stereotypes of Wall Street and high-flying suits, the stock exchange is an ever-popular way of investing at a range of potential price points, and is historically one of the most popular asset classes to invest in.

Stocks, which can also be referred to as equity, are a security which represents the fraction of ownership of a company. Units of stocks are called shares, and you are entitled to a proportion of the company’s profits and assets based on how many shares are in that company you own.

You primarily buy shares on stock exchanges, and there

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Real Estate News

2023 Property Market Predictions: What Will Happen to UK Property?

Post Author By Evo Plus
Post Date 02/01/2023

2022 was a fantastic year in terms of capital appreciation, as house prices snowballed over the course of the year.

The average house price in the UK as of October 2022 was £296,000. When compared to the average price of December 2021, £ 275,000, you can see that this is a sizeable level of growth.

Some areas of the UK saw even higher levels of growth, such as the North-West. Thanks to property hotspots like Manchester and Liverpool, this area of the UK experienced annual growth of 16.1%, significantly higher than the national average.

However, it is unlikely that this

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