March 5, 2009

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Capital Economics’ Roger Bootle gives grim forecast for housing market

Permalink: Capital Economics’ Roger Bootle gives grim forecast for housing market
by Kay Mitchell

Roger Bootle of economic forecasting agency, Capital Economics, is providing a gloomy forecast for the UK housing market. Speaking at the Chartered Institute of Housing South East’s Annual Conference and Exhibition in Brighton earlier this week, the former ...

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Halifax: House prices fall 2.3% in February

Permalink: Halifax: House prices fall 2.3% in February
by Kay Mitchell

The Halifax has today reported that house prices fell by 2.3% in February, taking the average UK home to £160,327 - nearly £35,000 less compared with February last year and takes prices back to levels seen in August 2004. The latest ...

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Distressed property market ideal for investors

Permalink: Distressed property market ideal for investors
by Gill Montia

Property investment consultancy, Ducalian, believes that conditions in the UK residential property market are ideal for the professional investor. The firm's sales and marketing manager, Timothy Lambert, advises that now is a good time for professional landlords to become active, as long ...

March 4, 2009

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Landlords alerted to building insurance swindle

Permalink: Landlords alerted to building insurance swindle
by Gill Montia

An outspoken insurance broker is warning landlords whose portfolios contain blocks of flats that they may be paying too much for their buildings insurance. Neil Cook, who is employed as a broker at Ember JD Insurance, is raising concerns about the activities ...

March 3, 2009

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Persimmon announces £780m loss for 2008 amid housing downturn

Permalink: Persimmon announces £780m loss for 2008 amid housing downturn
by Kay Mitchell

Developer Persimmon has followed its rivals by reporting a loss for the 2008 year after having to write down the value of its land bank The housebuilder made a pre-tax loss of £780 million last year, compared with a ...

March 2, 2009

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Hometrack: House prices fall 17th month in a row

Permalink: Hometrack: House prices fall 17th month in a row
by Kay Mitchell

Housing intelligence company Hometrack has today revealed that house prices in England and Wales fell for the 17th month in a row during February. The continued fall means house prices have lost a further 0.8% of their value, leaving ...

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New mortgage lending holds steady in January

Permalink: New mortgage lending holds steady in January
by Gill Montia

Latest figures from the Bank of England show mortgage lending volumes for house purchases in January falling in line with a six month average of 31,000. However, net mortgage lending (gross lending with repayments and redemptions stripped out) rose by £690 ...

March 1, 2009

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Rents fall but yields stabilise at 4.6%

Permalink: Rents fall but yields stabilise at 4.6%
by Gill Montia

The latest rental index from FindaProperty.com shows the market flooded with excess stock. The firm has reported that the number of rental properties advertised on its website rose 43% between September 2008 and February 2009, with an increase of 8% in ...