Housing Market Report for June 2018 from Halifax

The Halifax released its UK housing market report for June on the 6th July 2018. The report suggest that house prices in the UK remain flat and there has been a slight slowing in growth of property values from May to June. They also report that market activity levels and mortgage activity remain steady. The Halifax are standing by their view that house prices across the UK will increase by a forecast range of 0 to 3% for the full year. Average house price across the UK is £225,654

Read the Full Halifax Market Report for June 2018 here

Estate Agents are showing signs of financial distress

A report from accounts Moore Stephens says that 27% of estate agents are struggling financially, they say as there is a long term decline in property sales. They also say that the ban on lettings fees for tenants expected to be introduced next year will impact further

Read the full story on BBC news website here or Guardian website here

UK House Prices Growth Slow in June 2018

UK house prices have grown at the slowest rate in five years in June, with London remaining the weakest spot as strained household finances and economic uncertainty kept buyers away says Nationwide Building Society property market report

Read the full story on the Guardian website

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Nationwide Property Market Report June 2018

Nationwide market report says UK house prices rose by 2% in the past year, it said, with prices slightly higher in June than in May. The month-on-month rise was 0.5%, making the average home worth £215,444.

Read the full story on BBC News Website

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Property Hants Blog Contributors

If any estate agents or organisations covering the Hampshire property market would like to have a blog post or news story included on our website, with author acknowledgement and a link back to your own website, please feel free to submit copy to us at contact@propertyhants.com.

Also if you want Property Hants to include a specific town or area on our property for sale pages we can – if you provide us with some copy about the area, we will create a new area page, with your logo plus link to your website, in return. We will format the page similar to the existing ones, with a map and RSS feed of new properties from Rightmove for all agents.

Contact us at contact@propertyhants.com

Welborne Development Fareham needs £30m boost

A CONTROVERSIAL new Hampshire housing development needs a £30m Government cash injection to go ahead, an MP says.welborne-200115

Suella Fernandes, the new Fareham MP, threw her weight behind the proposed 6,000-home Welborne development, earmarked for land north of Fareham.
It comes after the Daily Echo revealed the scheme has already cost more than £2 million.
Read the full story on the Southern Evening Echo website

Southampton’s Royal Pier waterfront revamp plans unveiled

Plans to revamp Southampton’s waterfront with a £450m development are to go on show.

The Royal Pier Waterfront development, includes 730 apartments, restaurants, up to 50 shops and a 250-bed hotel.southampton-waterfront

It will also incorporate a casino, which has been granted a licence by the government for up to 150 slot machines and 30 blackjack and poker tables.

If it goes ahead, construction could start on the first buildings in 2017 with the development completed by 2032.

The plans could see the park space at Mayflower Park made bigger with a Spitfire sculpture in the city where the plane was first built.

Full story on BBC News Website