Archive for February, 2008
Confidence in property market high
The largest consumer property census has confirmed that British buyers and sellers have long term confidence in the market
With over 32,000 responses, the consumer property study has surveyed sentiment in the property market from buyers, landlords, investors, tenants and sellers.
The findings reflect what the company calls ‘the general public’s long-term optimism and confidence in property.’ [...]
Owning versus renting: is there a choice?
For many years renting a home proved more expensive than buying your own property, but since the UK entered the era of rapidly rising house prices it appears that people who rent are now actually better off than those who buy.
Of course, that’s not taking account of any capital appreciation in the owned property, but [...]
Buy to let future bright
Buy to let landlords remain confident over the future of the UK investment market, according to the National Landlords Association (NLA).
With both rental yields and returns showing dramatic increases over the course of 2007, landlords are optimistic over the future, despite concerns of price moderations in the wider market.
The same research also found the typical [...]
Alistair Darling plays down housing crash fears
Alistair Darling last night sought to play down the risks of a US-style housing crash in Britain as he promised changes in next month’s budget to restore confidence to the frozen wholesale mortgage market.
The chancellor told the Engineering Employers Federation dinner in London that the level of interest rates, low unemployment and shortages of supply [...]
Bank base rate cut to 5.25%
The Bank of England’s rate-setting committee has cut interest rates to 5.25% from 5.5% in an attempt to stimulate growth in the UK economy.
This follows recent rate cuts by the US Federal Reserve, which sliced rates from 4.25% to 3% amid fears of the widening impact of the credit crunch.
Many analysts expect more UK cuts [...]
