Property media watch – Thursday 26th February

. by James Laurence Estate Agents

Reading time: 1 Minute

Thursday 26th February 2015, property media watch:

Today’s local stories in the property world:

 

 

Birmingham’s Christmas Market breaks visitor numbers record – The Business Desk

 

 

“NEW figures reveal record footfall in Birmingham of 5.5m during the Christmas Market period with a total spend of £397m. Footfall is up 1.2m from two years ago according to Visit Birmingham. This 28% increase in visitor numbers contributed to a consumer spend which is nearly double the £201m generated in 2012 when figures were last calculated. The city’s hotel trade also benefited, enjoying an average occupancy rate of 84% during the Christmas Markets programme, up from 79% in 2012.”

 

Redrow revises plans for controversial Harborne housing project – Birmingham Post

 

“Action group continues to battle plans to redevelop former Ravenhurst Playing Fields as new-look scheme is brought forward by housebuilding giant. Plans for a controversial housing scheme in an upmarket Birmingham suburb have been scaled down after council officers said the size of the development was not acceptable.”

 

High LTV mortgages see 29% rise – Property reporter

 

“According to new data from Genworth, the number of 95% loan-to-value (LTV) mortgages has risen by almost a third since October last year. Analysis by Genworth, a mortgage insurer, reveals the number of mortgages available to buyers with a 5% deposit has now increased by 57% year-on-year, having stood at 116 in January 2014 when lending first began through the government’s Help to Buy mortgage guarantee scheme (Help to Buy 2).”

 

For the latest property news contact one of Birmingham’s leading estate and lettings agent today on 0121 604 4060 or on our website

 

 

The stories above are from various media sources, they do not necessarily reflect the views of James Laurence Sales and Lettings.

 

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