Dear Mr Prosser,

With reference to your completion of
plans for the Deed of Declaration, the xxxxxx at No 20have now signed so I would think we could safely say you could file away relevant paperwork.

Thank you for all your help, could
you please acknowledge receipt of email.

Regards M   M

House Price Recovery This Year

House prices fall further in April but are expected to recover over
coming year, report Knight Frank.

Knight Frank/Markit’s House Price Sentiment Index signalled a further
drop in house prices during April. A perceived reduction in home values was
reported by 17% of households, versus around 8% indicating a rise. At 45.4, the
resulting HPSI figure is down from March’s 20 month high of 46.6.

Any figure under 50 indicates that prices are falling, and the lower the
figure, the steeper the decline. Any figure over 50 indicates that prices are
rising.

As was the case in March, lower property values were signalled in ten of the 11
regions in April, according to the survey of 1,500 households. Sentiment was
weakest in the North East (39.1) and Wales (39.2), which both recorded
accelerated price falls. London continued to buck the trend, with those living
in the capital reporting that the value of their home had risen for the second
month running, albeit at a slower pace than in March (53.6, down from 55.1).
Outlook for house prices

The future HPSI, which measures what households think will happen to the value
of their property over the next year, remained in positive territory for the
third consecutive month in April, posting only just below March’s 20month high.
Approximately 29% of households anticipate a rise in the value of their home
over the next 12 months, compared with 21% expecting a decline. The resulting
index reading is 54.0.

Regional outlook
Positive expectations for house prices were recorded in nine of the 11 regions
in April, up from just six in March. Respondents in London remain by far the
most upbeat (62.2), followed by those in the South East (56.4) and East
Midlands (55.7).

Only in the North East (45.1) and Wales (48.0) are house prices expected to
decline.

Household variations
Sentiment regarding future house prices is broadly similar in the private
(54.3) and public (55.0) sectors, with the latter recording marginally stronger
optimism (the first time this has been the case in two years). Respondents
working in the Media/Culture/ Entertainment sector forecast the sharpest rise
in the value of their home (68.5). Expectations are also strong in the
IT/Telecoms category (59.2).

The weakest sentiment is in the Retail sector (50.1), where survey participants
expect house prices to broadly stagnate, although this represents an
improvement on the previous six months where price falls were predicted.
Increased house prices over the coming year are forecast by homeowners and
renters alike (in addition to those living rent‐free at home).
Mortgage‐holders anticipate the strongest rise
(55.3), followed by those renting privately.

Gráinne Gilmore, head of UK residential research at Knight Frank, said:
“There is little surprise that outside London, the current view of households
regarding the movement of their house price movements remains negative –
economic news continues to deliver at best a mixed picture of the fortunes for
the economy.
“The more interesting issue is the continuing view that house prices are likely
to rise over the next 12 months.
“This confidence about future market movements is a welcome sign for the market
– especially the breadth of confidence across the UK, with all but two regions
expecting to see price growth in the near future.”
Chris Williamson, chief economist at Markit, said:
“It’s very encouraging to see the recent improvement in sentiment about
house prices holding up in April. Views on both current and future prices have
fallen back only very slightly from the improvement in March, which saw the
most upbeat assessment since mid‐2010.
“A healthy housing market is a key ingredient of economic recovery, not
only because falling prices reduce homeowners’ wealth, lead to negative equity
and hit consumer spending, but also because new home sales often stimulate
spending on home improvements.
“It is once again London where perceptions about the current and future
course of house prices is the most buoyant. However, a narrowing of the
north/south divide was apparent: with the exception of Scotland, the northern
regions and the midlands saw sentiment about house prices in the coming year
improve whereas all southern regions, the east of England and Wales all saw a
deterioration.”

Hi David,

Thought you would like to know that the XXXXXXXXX Avenue Property has been renegotiated at 315K, a considerable difference but more realistic, thank you for the survey!

Best regards 

Bob

Hi David, 

Thank you for the survey, I’ve gone into it in much more detail and have to say I’m very impressed with how exhaustive and clearly everything is explained.

Jonathan.

Dear Mr Prosser,

Thank you very much for your response and further explanation, it is most helpful.  I am currently reviewing the DVD that has been prepared by Drain Vision and clearly there are a few issues.

Once again many thanks 

Kind regards, 

John

Dear Mr Prosser, 

Thank you very much for your response and further explanation, it is most helpful.  I am currently reviewing the DVD that has been prepared by Drain Vision and clearly there are a few issues.

Once again many thanks 

Kind regards, 

John

Dear Mr Prosser,

Thank you very much for your building report received in yesterday’s post. I find it very thorough and informative. If I need clarification upon any of your comments, I’ll be in touch.

Thanks again,

Peter Davies

Dr xxx

Xxxxxx

Malvern

Dear Mr Prosser

Many thanks for your help and advice with the purchase of xxx Drive.  Following your survey I reduced my offer to your valuation figure. It was accepted straightaway. I am definitely glad I had your survey done. Many thanks again. 

SB

Dear Mr Prosser

Thank you for the extremely detailed and thorough survey.

Yours SR