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Virtual 360 Blog - November 2014

28 Nov 2014
Tescos release land to build 4,000 new homes
182 affordable houses and 314 retirement homes will no longer be built as supermarkets cancel plans to develop more out of town new stores.As a result of this, £7.2m of section 106 planning obligations - the conditions local authorities attach to approving developments that benefit local communities - have also been cancelled. Tescos has been hoarding enough land to build 15,000 homes and...
27 Nov 2014
Rising house prices are pricing first time buyers out of the housing market says Virtual Tours 360
One of the big structural changes in the housing market since the credit crunch has been the older generation subsidising the younger generation to help their children and grand-children get on the housing ladder.For young people, rising house prices mean there will be less money to spend on other things and more grand-parents releasing money to help, leaving older people short of money for their...
26 Nov 2014
The British Property Boom
Over the last two years house prices have been rising across the country.The consequences are being felt everywhere. London prices have become virtually a separate market out on its own as there is nothing comparable elsewhere in the UK in terms of rocketing house prices. From first time buyers to those seeking to profit from the boom, the options to buy are becoming more bizarre and people are...
21 Nov 2014
state of the housing market and mortgage lending figures
Mortgage brokers need the right products to meet customer needs and the market needs to keep a careful watch to ensure the housing market recovery remains on track, that's according to market watcher Estate Agent Today.So what are estate agents saying about the impact of the recent Mortgage Market Review (MMR) on the housing market in the UK? The answer is, it's difficult to say! Not...
18 Nov 2014
buying a property at auction
Many people will go to an estate agent to buy a property. Some will end up buying a property at auction.But it's not for the faint-hearted. The rise in popularity of buying a house at auction may be down to two factors: the shortage of supply of available houses for sale and the popularity of TV programmes such as "Homes under the Hammer". "The Daily Telegraph" has published a list of the UK's...


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