Property market news
First time buyers attracted to tracker mortgage deals
Expectations of future cuts in interest rates have led to a “greater appetite” for tracker rate mortgages, one expert has claimed. Sue Anderson, a spokesperson for the Council of Mortgage Lenders, explained that while first-time buyers have traditionally been more attracted to fixed rate mortgages, changing economic conditions are also changing attitudes. Anderson said: “At [...]
Poverty ‘blights 1m rural homes’
Almost one million households in rural England live in poverty, a study says. The report, by the government’s rural advocate, Stuart Burgess, says many people living and working in the countryside have prosperous lifestyles. But the picture is “not so rosy” for more than 928,000 households with incomes below the official poverty line of £16,492, [...]
Build or regret
Institutional fund managers have resisted the temptations of housing, and left it for the enthusiastic amateurs to live their buy-to-let dreams. But would the big investors be so dismissive if there were something of scale, stability and high returns called ‘build to let’? A recent research by the British Property Federation and the Greater London [...]
New year brings optimism to the property market
Members of the National Association of Estate Agents (NAEA) reported a positive start for the New Year as recent figures from the monthly housing market survey indicate a new sense of optimism from consumers for 2008. Agents reported that the number of buyers on books, sales agreed and houses available rose throughout January. What’s more, [...]
City is one of the UK’s best property hotspots for property investors
York is one of the best property hotspots in Britain to make a property investment – despite of gathering economic storm clouds. The city is listed second only to Cambridge in a top 20 of property hotspots where property buying is a “failsafe” investment. There is the relative ease with which commuters can reach other [...]
