Hot weather bad for neighbourly relations
Research from Confused.com suggests that summer is the worst time for neighbourly disputes, the majority of arguments taking place between June and August (55%) thanks to loud music (responsible for 17% of conflicts), noise from parties (12%) and smoke from BBQs (5%).
On top of which, the report also says that claims for thefts from the home are higher during the same period than during the winter, in large part due to holidays since nearly a quarter of victims were away when their home was broken into. Gareth Lane, Head of Home Insurance at Confused.com said: “Having a good relationship with your neighbours can be extremely beneficial. As well as keeping an eye on your property when you’re away, good neighbour relations can also help to build a strong sense of community to help reduce crime in the area.”
Saving for a house deposit
More than three quarters of people managed to save something over the last three months, say Halifax, putting away an average of £829. Holidays top the list of things that people are saving for (23%), with 12% saving for a house deposit.
According to Strutt & Parker’s Fulham office during April to June:
* 45% of sales have been above £1.5m – during this period last year they had very few deals
* buyer aspirations today are for more expensive property with the largest group, 36%, looking for property in the £1-£2m price range
* buyers are still purchasing with cash (over 50%) and for their primary use
Stephanie McMahon, Head of Research for Strutt & Parker said: “Fulham falls within our most dynamic prime central London submarket ‘Chelsea, S. Kensington & Fulham’, where we see the highest sales volumes. It is also one of our youngest markets, with both vendor and buyer groups being predominantly from the 30 to 39 age groups, perhaps not unexpected in a strong family market.
“One trend we have witnessed over the past year is the decline of property developers within the market =- in the year to December 2012 almost 40% of sellers were developers, but in the most recent period of year to June 2013 that figure had fallen to 19%.”
Sales per branch
Figures from the National Association of Estate Agents (NAEA) show that average sales increased from nine per branch in April to ten in May. In January the number of sales reported by NAEA members was only seven per branch. The NAEA report also shows a 14% rise in the average number of house hunters compared with last year’s figures, up from 274 per branch in May 2012 to 313 in May 2013. Mark Hayward, Managing Director of the National Association of Estate Agents, said: “These really are encouraging figures. Serious house hunters are continuing to enter the market and are intent on buying. The current low lending rates have created attractive conditions for those with sizable deposits who are thinking of buying or moving home. The story is reversed for first time buyers though with figures down on last month, suggesting that there are still issues surrounding access to finance for this group. We are hopeful that this positive trend will continue, with the sunny weather likely to bring even more house hunters to the market.”
Pictured is a studio apartment in Harwood Road, London SW6, between Fulham Road and King’s Road, on for £159,950 with Marsh & ParsonsTagged in: estage agents, Fulham, hot weather
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