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Repossessions to rise in 2011 lenders forecast

Published on 16/12/2010 By Tomas

Published by Property Community on Wednesday, 15 December 2010 by Ray Clancy   Mortgage arrears and repossessions will rise modestly next year, the Council of Mortgage Lenders (CML) predicts. Its annual forecast for the UK property market paints a picture of continued stagnation, with the current low level of sales persisting, and prices falling modestly […]

More gloom for UK property market as demand and prices fall

Published on 16/12/2010 By Tomas

Published by Property Community on Tuesday, 14 December 2010 by Ray Clancy   The residential property market in the UK is likely to remain subdued in the coming months as lack of demand means prices are falling, the latest high profile real estate reports show. Surveyors’ expectations for property prices over the next three months […]

Low Rates for Steadier Property Market

Published on 15/10/2010 By Tomas

Published by Bloomberg By Jennifer Ryan on Wednesday 13 October 2010   Britain needs interest rates to stay low for as long as possible to help its property market become “steadier” without swings in prices that make homes unaffordable, Housing Minister Grant Shapps said. “It’s really important that we keep interest rates low for as […]

Fear of House Price Crash as Figures Show largest Fall in 27 Years

Published on 14/10/2010 By Tomas

Published by Mortgage Rates by by Mark Johnston on Tuesday, 9 October 2010   Fears are still growing of a property price crash as house prices continue to fall. Last month figures dropped by an average of £6,000 for a house in the UK. The figures published by Halifax showed further decline in the UK […]

Estate agents turn gloomy on the UK market

Published on 15/09/2010 By Tomas

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 […]

UK residential property prices still rising

Published on 15/07/2010 By Tomas

PropertyWire 14 July 2010 The latest property price index from the UK government shows that values were still rising in May and suggest the market, although slowing, is doing better than other reports suggest. The UK house price index produced by the department of Communities and Local Government includes data based on mortgage completions during […]