Published by Financial Advice on Thursday 23rd September 2010 UK mortgage lending for August was down 22.3% against the corresponding period last year with just under 32,000 approvals. In total £11.4 million was injected into the UK housing arena although this was well down on the £13.3 billion just a month earlier. So what […]
Published by Property Community on Thursday, 23 September 2010 It has fallen from 3.6 weeks to 3.2 weeks compared with the previous quarter, the latest figures from the Association of Residential Lettings Agent (ARLA) show. The average number of new tenancies signed up compared to the preceding survey has also increased in line with […]
Published on Mortgage Rates By Mark Johnston, Saturday, 18th September 2010 The Bank of England has released figures that show a large drop in mortgage lending. The figures reveal that net lending has plummeted from %18 million in June to just £86 million in July. Net lending is the totally UK mortgage market with […]
Published on Reuters By Lee Chyen Yee, HONG KONG | Wed Sep 15, 2010 8:59am EDT (Reuters) – Without ever setting eyes on the property, Hong Kong resident Irene Chu snapped up a flat 6,000 miles away in London, a city she has visited but has no intention of ever living in. “I’m not […]
Published on Bloomberg.com By Tim Barwell, Monday 9th September 2010 U.K. homebuilders are profiting from cheap land purchases just as property prices start to fall. Developers are able to buy land for as little as a third of peak 2007 prices, London-based Savills Plc estimates. Those savings will more than make up for any […]
“Standard & Poor’s ratings agency says planned spending cuts and tax rises may lead to many more house repossessions” Published on Guardian By Larry Elliott, Monday 9th September 2010 The government’s planned spending cuts and tax rises could trigger a fresh wave of house repossessions as hard-pressed borrowers find it impossible to meet […]
Published by Financial Advice on Tuesday 14th September 2010 Estate agents in the UK have turned dramatically gloomy on the UK market with the latest survey from the Royal Institute of Chartered Surveyors showing that a balance of 32% more estate agents saw a reduction in prices in August compared to those who saw […]
Published on Business Sale By Rob Moor, Monday 6th September 2010 The commercial property market in the UK is witnessing huge growth in investor confidence following a year of positive returns. Alongside rising rental returns and increased investor confidence, the Independent Property Databank recently revealed a 16.9 per cent rise in the UK quarterly […]
Published by Financial Advice Thursday 26th August 2010 At this moment in time the first-time buyer of property in the UK is a very rare commodity as mortgage lenders look to pull up the drawbridge and reduce their short-term risks. Despite the fact that we have seen an increase in the number of first-time property […]
Would you bother much? This is temporary and want stay ‘down’ forever. The article below gives more details. By Lee Boyce 16 August 2010 UK property asking prices fell for the second month in succession as the market was hit by over-supply and subdued activity in the summer holidays. The research by property website Rightmove, […]
