Property Market
Sparkling deals from George Wimpey this bonfire night
George Wimpey West London is packaging up an amazing display of deals to help customers save thousands of pounds if they reserve a brand new home during November. The leading housebuilder is offering a fantastic 4.99% mortgage rate fixed for two years, will double each purchaser's deposit of up to 5% of the price of their home and pay their stamp duty.
Quarter of a million private empty homes in England
There were 279,281 empty private homes in England in April 2007, 9% lower than the 308,438 recorded in April 2003, according to the Halifax.
First time buyer initiative proves huge success with Barratt
Barratt North Midlands changed the fortunes of a number of first time buyers across Nottingham, Derby and Mansfield last week after a hugely successful first time buyer's event resulted in over ten sales across three developments. Set up to explain the benefits of the First Time Buyers' Initiative (FTBI) run by national regeneration agency English Partnership's, the event was held across three developments in the region: Barratt's Park Mews development in Arnold, City Point in Derby and Friars Park in Edwinstowe.
BIBA calls for change to help protect flood-zone properties
The British Insurance Brokers' Association (BIBA) has called on the Government to work closely with the insurance industry to protect households and businesses across the UK from flooding.
First time buyers more confident for the future
A survey of first time buyers has found that 70% are still saving for their first home, with over 88% believing the housing market will pick up again within the year, despite the current state of the market.
RICS: Nationwide October house price index
Commenting on the Nationwide house price index, Oliver Gilmartin RICS senior economist said: "Tighter lending criteria may have been the protagonist driving the fall off in sales volumes over the last year to historic lows although buyers expectations and confidence appears to have played an equally important role in recent months.
Twelve months of house price falls
House prices in the UK fell for the twelfth consecutive month in October, according to the Nationwide Building Society. The price of a typical house is now 14.6% lower than at this time last year, the peak of the market.
House prices fall 2.2% in September
House prices in England and Wales fell 2.2% in September and prices were 8% lower on an annual basis, according to data from the Land Registry.
New home starts continue to fall
NHBC new house-building statistics show that the number of applications from house builders to start new homes in the UK fell by more than half during the third quarter of this year.
Property buyers continue to adopt “wait and see” attitude
Members of the National Association of Estate Agents (NAEA) reported that the housing market in September still provided challenging times for its members but that the re-emergence of first time buyers may be the first sign that the recent Government intervention is beginning to work.
Buying new is as safe as houses
Buying new not only means your home is considered more secure, but according to Bryant Homes, you can save around 25%* on your home insurance premiums as a result.
Prime country prices outperform the mainstream market
Prime country sales have outperformed the mainstream market by over 15% in the past year, according to data from Primelocation.com.
RICS: Government framework to protect homeowners
Commenting on the governments' announcement on the framework to protect homeowners, James Rowlands RICS policy officer said:
NAEA: Help to protect homebuyers facing repossession
The National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), is pleased with the Government's announcement today which has unveiled new court protocols which will help make repossessions a last resort.
Overseas students don't know about deposit protection
mydeposits.co.uk, a Government-approved tenancy deposit protection scheme, is concerned that the rising number of overseas students may not be aware of deposit protection rules.