Property market news
Housebuilding drop may help rental market
The number of new homes built is set to go on falling, it has been predicted.Construction firms will build increasingly less homes as the residential buying markets continues to be hit by the credit crunch, the House Builders Association has forecast, with the number of new residences being completed numbering only 110,000 this year and […]
Less than 100,000 homes to be built this year, say builders
The number of new homes constructed is set to fall dramatically this year, as housebuilders react to slowing demand for property.According to senior housebuilders quoted in a report from the Observer, just 100,000 homes will be completed in 2008.
This compares with a figure of 170,000 for 2007 and is the lowest number of newbuilds to […]
The UK’s newest property hotspots in 2008
12 deprived towns and cities in the UK could soon become prime property hotspots and investment locations…
Some of the most deprived areas of the country are set to become property hotspots thanks to the government’s Pathfinder Funding Programme, which will see £1billion of government cash set to revitalise the property markets of 12 redundant and troubled […]
Mortgage approvals at 13 year low
The continuing decline in the property market has been underlined by the latest Bank of England figures.
The number of new mortgages approved for house purchase fell slightly in February to just 73,000, said the Bank.
That was a 39% drop on the same month a year ago, and leaves prospective mortgage lending still at its lowest […]
UK housing market outperforms Europe
The UK housing market performed well in 2007, compared to most of the rest of Europe.
That is according to the latest European Housing Report from the Royal Institution of Chartered Surveyors (Rics), which showed that the UK housing market was the sixth strongest last year.
House prices increased by eight per cent in the UK, making […]
