Property Investor’s Factfile – October 2017 Commentary
October 2017 Property Investor´s Factfile The Property Investor Blog´s monthly factfile presents a range of relevant data from national / London house prices, the latest buy to let Limited Company (SPV) loan rates, LIBOR / SWAP rates and rentals to mortgage debt figures and information on the first-time buyer sector. Some noteworthy observations from the last month are outlined below: According to Rightmove, property asking prices dropped by 1.17% in September – representing the third fall in the previous four months. Observing that some northern regions were still showing marginal signs of upwards price pressure, co-founder Miles Shipside repoted that: “estate agents are clearly advising many sellers that they have to lower their price expectations to fit in with buyers’ stretched financial resources, with that price compromise hopefully generating extra buyer interest”. According to Rightmove, the drop has been “exacerbated” by London’s stagnating asking price... [Read More]