Chartered surveying firm e.surv has calculated that mortgage lending throughout 2015 rose by a significant 12.5%.

The survey found a small dip of 3.1% from November to December, but over the second half of the year taken as a whole, mortgage approvals averaged 69,572, rising from an average of 64,047 for the first six months of 2015. Over the whole twelve month period this meant total mortgage lending for house purchases increased by 12.5%.


Local Estate Agent Farr & Farr recently celebrated their twenty-first birthday in their Hucclecote offices and celebrated with a complete makeover and a commitment to many happy returns.

 

There is a property industry myth that most people move within 10 miles of their existing home. Analyst Stephen Hayter recently published an article in Property Industry Eye exploring this myth.


The Chancellor George Osborne gave the housing industry plenty of good news yesterday in his Autumn Statement. At the same time, though, he triggered a stampede by landlords rushing to avoid the new 3% increase in Stamp Duty for buy-to-let properties and second homes.


The number of house hunters has hit its highest level for eleven years.

The National Association of Estate Agents (NAEA) found that there had been a rise of 5% from June to July this year, with an average of 462 applicants per branch member office. They announced that this was the highest figure recorded since August 2004, when an average of 582 house hunters per branch was logged.