August 12, 2008
According to the Royal Institution of Chartered Surveyors (Rics), the number of homes changing hands has fallen to levels not experienced since their survey started in 1978.
The organisation said the average number of property sales handled ...
Rics: Number of people moving house falls to record low
Permalink: Rics: Number of people moving house falls to record low
by Kay Murchie
August 11, 2008
Newly-established online property group, Simplyzigzag.com, has revealed that 45% of homeowners believe their property will lose 10% in value or more next year.
The company’s poll of 560 homeowners, which was conducted on its website during July, also revealed ...
Homeowners still believe house prices will fall in 2009
Permalink: Homeowners still believe house prices will fall in 2009
by Kay Murchie
August 7, 2008
Property prices fell 1.7% in July, according to the Halifax House Price Index released today. The annual rate of decline is up from 6.1% to 8.8%.
The latest figures show that the housing slowdown is gathering pace as ...
Halifax reveals 1.7% fall in house prices in July
Permalink: Halifax reveals 1.7% fall in house prices in July
by Kay Murchie
August 5, 2008
According to research from mform.co.uk, the consumer website, the average age of first-time buyers is increasing.
mform said first-time buyers under the age of 30 only account for around 34%, compared with 50% in 2007.
This is primarily due to the tightening of ...
Average age of first-time buyer increases
Permalink: Average age of first-time buyer increases
by Kay Murchie
Government plans to scrap stamp duty
Permalink: Government plans to scrap stamp duty
by Kay Murchie
CEBR forecast 30% rise in property prices
Permalink: CEBR forecast 30% rise in property prices
by Kay Murchie
August 3, 2008
According to Lloyds TSB, there has been an increase in the amount of homeowners looking to borrow money to improve their property.
Figures from the bank show that personal loan applications for home improvement work were 19% higher during the first half ...
Increase in home improvement loans
Permalink: Increase in home improvement loans
by Kay Murchie
July 31, 2008
The latest Nationwide survey has found that UK house prices have fallen for the ninth consecutive month. This represents the biggest annual drop since the building society commenced its survey in 1991.
According to Nationwide, house prices fell by 1.7% ...
Nationwide: House prices fall ninth consecutive month
Permalink: Nationwide: House prices fall ninth consecutive month
by Kay Murchie
July 30, 2008
According to Standard & Poor (S&P), if property prices continue to fall at their current pace, around 1.7 million people could be pushed into negative equity in the next 12 months.
The credit ratings agency said this represents 14% of ...
Negative equity looms for 14% of mortgage holders
Permalink: Negative equity looms for 14% of mortgage holders
by Kay Murchie
July 28, 2008
A new report by the National Housing Federation (NHF) is suggesting that average house prices in England are set to rise by 25% by 2013.
The news will no doubt be welcomed by homeowners currently in negative equity due ...
House prices expected to recover by rising 25%
Permalink: House prices expected to recover by rising 25%
by Kay Murchie
House prices fall 1% according to Land Registry
Permalink: House prices fall 1% according to Land Registry
by Kay Murchie
July 23, 2008
According to figures from the British Bankers' Association (BBA), mortgage approvals for house purchases have fallen to a record low.
The BBA said its members approved just 21,118 new home loans in June, down 23% ...
Mortgage approvals hit new low while house sales halve in just one year
Permalink: Mortgage approvals hit new low while house sales halve in just one year
by Kay Murchie
July 22, 2008
The National Landlords' Association (NLA) has launched a Tenant Check service aimed at helping private landlords make informed decisions about their prospective tenants before granting them a tenancy.
According to NLA research, it can take up to six months to resolve cases ...
NLA launches Tenant Check service
Permalink: NLA launches Tenant Check service
by Gill Montia
July 21, 2008
In an interview broadcast on the BBC, the chairman of Citigroup, one of the world’s largest consumer banks, warned that house prices in the UK and the US are likely to fall for another two years.
According to Sir Win ...
Citigroup warns house prices will continue to fall
Permalink: Citigroup warns house prices will continue to fall
by Lin Freestone
July 15, 2008
Figures from estate agent Knight Frank have shown that prime country property prices fell 3.9% in the second quarter of 2008, this represents the fastest rate for over 10 years.
This market generally attracts city professionals and the credit crunch has meant that ...
Country properties experience price falls
Permalink: Country properties experience price falls
by Kay Murchie
Rents set to rise up to 15% per annum
Permalink: Rents set to rise up to 15% per annum
by Gill Montia
Home sales plunge to 30-year low
Permalink: Home sales plunge to 30-year low
by Kay Murchie
July 13, 2008
Figures released today spell trouble for Brits planning to buy foreign holiday houses, with the average price of a house in France or Spain rising by £26,000 to £160,000 due to the increasing strength of the Euro. Baydonhill, ...
Baydonhill Cautions Holiday Home Buyers Of Skyrocketing Euro
Permalink: Baydonhill Cautions Holiday Home Buyers Of Skyrocketing Euro
by Elisha Sanders
Stamp duty holidays for first-time buyers being considered
Permalink: Stamp duty holidays for first-time buyers being considered
by Kay Murchie
July 10, 2008
Housebuilder Barratt Developments has announced it is shedding 1,200 jobs as it battles with the housing slump.
The news from Barratt’s follows that from Bovis Homes and Redrow, who yesterday confirmed that they are shedding shed 400 and 550 jobs respectively. Earlier this ...
Barratt announces 1,200 job losses
Permalink: Barratt announces 1,200 job losses
by Kay Murchie