Neville Scott Lettings and Property Management » Housing Market

Bank Base Rate Held At 0.5%

subedar1 — Thu, 08 Oct 2009 14:26:31 +0000

The Bank of England held rates at 0.5% and to continue with its £175bn quantitative easing programme.

Optimistically, Roger Bootle of Capital Economics predicted that rates would stay at this level for 5 years.

The house buyers preferred choice at the moment is for tracker mortgages anticipating that rates will stay low for some time.

The no change decision is good for the fragile recovery of the housing market.

UK House Asking Prices Increase

subedar1 — Tue, 29 Sep 2009 13:59:31 +0000

UK House Asking Prices Increased in September according to Hometrack.

The report adds to evidence that the housing market may be starting to level off after the credit squeeze ended a decade- long boom. The rises were mainly in London and the South East and partly due to the lack of property coming on the market.

It seems that greater demand and slightly easier lending conditions is helping the property market to recover.

Sellers Want Asking Price For Properties

subedar1 — Fri, 28 Aug 2009 09:47:54 +0000

Over a third of UK homeowners surveyed are not prepared to drop their asking price to sell their property following signs that the housing market is picking up.

Around 35% of people with a property on the market said they would not accept an offer of less than the full asking price, according to the Co-operative Bank yesterday.

The property market has shown signs of stabilising in recent months, with many house price indexes reporting price rises as potential buyers return to the market.

Low Cost Housing Range From Halifax

subedar1 — Wed, 26 Aug 2009 13:11:09 +0000

A new range of shared equity and shared ownership products to be distributed solely through brokers has been launched by Halifax as part of the lender’s bid to boost access to the housing market especially for first time buyers.

Low up-front fees and cash-back for conveyancing costs are some of the features in the new range to cover start-up costs that may deter first-time buyers from committing to a property.

Housing Market Bounce Predicted

subedar1 — Mon, 24 Aug 2009 15:43:53 +0000

A recent survey reveals that 20% of people think that the housing market will recover by the end of the year and a further 4% think that the end of 2010 is more likely.

The research by uSwitch also reveals that 6 million consumers predict that that the UK economy will emerge from recession before the end of 2009. A further 12% think it will end by March 2010