NEWSbeat
RIGHTMOVE NATIONAL ASKING PRICE TREND 2010/2011
£250,000 £245,000 £240,000 £235,000 £230,000 £225,000 £220,000 £215,000 £210,000
Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec 2010
2011 HOUSE PRICES Asking prices at an all time high
Sellers are ‘romping away from reality’ says Rightmove, whose latest figures show that homes
hit their highest ever June prices. Rightmove says that stock levels
are rising and this indicates that, combined with mortgage approval figures hitting the lowest level this year prices must fall. Miles Shipside, director, comments, “2011 looks like a case of déjà vu, with the tide of housing needs yet again failing to breach the levée of restricted mortgage funding. As the seasonal surge in demand falls
INDUSTRY BODIES New heads leading NFoPP divisions
At the AGM of the National Federation of Property Professionals (NFoPP) held on 10th
June in London, a new set of Presidents and Chairmen was elected. The NAEA will be led by
President Wendy Scott-Evans, of Evans Scott Properties, supported by President Elect Mark Hayward, MD at Property Consultancy and Vice President Jan Hytch, Partner, Arnolds Property Consultants. ARLA’s new President is
Tim Hyatt, Head of Lettings at Knight Frank, supported by President Elect, Jane Ingram, a director of Savills and Vice President, Susan Fitz-Gibbon, Managing Director of letting agency, Fitz-Gibbon. Guy Charrison was elected
as NAVA Chairman, Derek Bruce is Chairman of ICBA and Mark Hayward is also
8 JULY 2011 PROPERTYdrum
ARLA – Susan Fitz-Gibbon, Tim Hyatt and Jane Ingram.
back, new sellers’ asking prices will also have to ebb away. With mortgage approvals stuck at half the normal level, the number of sellers who can find a buyer is likely to be reduced by a similar proportion. Sellers will need to paddle hard to catch a buyer with funding, or they will be well and truly grounded.
“Increasing stock levels are a
clear indication of buyer appetite failing to keep pace with the number of sellers who are showing some hunger to sell. However, with most sellers able to take their time
and wait for an offer that matches their expectations, we are seeing the highest ever asking prices for the month of June. High levels of unsold stock and record asking prices cannot remain happy bedfellows for long, so we expect to see this romp away from reality to reverse itself in the second half of the year as the over-supply of property and under-supply of mortgages reassert themselves and exert downwards price pressure. This could be good news for buyers who have been sitting on the sidelines.”
With average property prices just shy of the magic £1million mark, Virginia Water has topped the 2011 Zoopla Property Rich List, ranking the highest value town in England. Located just 20 miles west of London and home to the prestigious Wentworth Estate where the BMW PGA Championship was recently held, house prices in the Surrey village average at £979,528 according to Zoopla; markedly ahead of nearby footballers paradise, Cobham, in second place (£755,997) and Beaconsfield in Buckinghamshire which ranked third (£707,043). James Wyatt, Partner of
NAEA – Mark Hayward,
Jan Hytch and Wendy Evans Scott.
Chairman of Rural, Land & New Homes.
Additional Board members
are: Chris Brown, Simon Gerrard, Lucy Morton, James Neal, Aidan Reed, Charles Smailes and Michael Toogood. The Chairman of the Board is Mark Hayward.
award-winning Virginia Water estate agency Barton Wyatt, says, “Virginia Water is most definitely a unique place and the high property prices reflect that. Residences here are in great demand due to the nearby blue chip companies, good schools, large green open spaces, low crime rate and easy access to central London. Buyers choose Virginia Water not only for the spectacular homes available but also the luxurious lifestyle on offer.” The desirable GU25
postcode of Virginia Water was also ranked the highest value area outside of London in the latest Zoopla index with only Kensington (£1,789,131), Chelsea (£1,372,691), Knightsbridge (£1,333,433), Notting Hill (£1,189,398) and West Brompton (£1,083,225) recording higher average property prices. Pictured above is Hyale, on
the Wentworth Estate, priced at £8.35 million.
RANKINGS
Virginia Water ranks highest value town in England
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68