Property Market
Recession virgins in house-price fear
Almost a quarter (23%) of 24-34 year-old homeowners are worried about experiencing negative equity as a result of falling property values in 2008, according to research by leading independent personal finance website Fool.co.uk.
Trio of projects to create new homes worth £156m
Massive investment is being pumped into the south of England as Redrow Homes begins work on three distinctive developments with a total completed value of circa £156 million.
Top tips for buyers
In the last few weeks, the press has focussed on the change by lenders to the stipulations surrounding 100% mortgages and, more particularly, the increase in deposit for first time buyers, from the traditional 10% to circa 25%.
Prime country house market shows weaker performance
The country house sector showed negative price growth for the second consecutive quarter, with prices falling 0.2% in the three months to the end of March, according to the Knight Frank Prime Country House Index.
Credit crisis overrides rate cuts
Interest rate moves won’t make a big difference to the housing market outlook according to Savills Research.
Building a better future by design
The design of new homes has the ability to make living so much easier and better. So, to ensure that their design team is kept at the leading edge of their profession, Miller Homes are sending a number of members of their in house Planning and Design teams from every region to the one of the profession’s top training initiatives.
The Scottish Homebuilding & Renovating Show
Over 10,000 visitors are expected at the Scottish Homebuilding & Renovating Show, sponsored by The Electrical Safety Council. The show, Scotland’s only dedicated consumer exhibition which brings together the best products and services for self builders and home renovators, is a must for anyone aspiring to create their dream home.
Government must find ways to help all first time buyers
Steven Marks, Lending Operations Executive at Newcastle Building Society comments on the Government's new measures to encourage first-time buyers and key workers to participate in its affordable housing schemes, issuing £1,500 grants to help qualifying buyers.
Searching for the simple life
As the Fiat 500 makes its return to our roads and Jamie Oliver champions ‘growing your own’, Brits are turning their backs on their cash-rich, time poor-lifestyles and returning to the simple pleasures in life.
NAEA urges the market to remain upbeat
Following the release of the latest Halifax house price index, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA) urged people in the West Midlands not to worry.
Prepare for more house price falls
David Kuo, Head of Personal Finance at Fool.co.uk, says: “The abrupt monthly fall of 2.5% underlines Fool.co.uk’s position that the long overdue correction in house prices could see the value of the average home drop by as much as 20% this year.
Landlords predict rapid growth in tenant demand
A third of all landlords believe that tenant demand is currently experiencing rapid growth, up from just over a quarter at the end of 2007, according to research from specialist buy-to-let lender Paragon Mortgages.
Miller retain top housebuilder title
Miller Homes has won the highly coveted “Major Housebuilder of the Year” crown for the second year in succession, at the 2008 Building Awards. Miller Homes saw off stiff competition from the biggest names in housebuilding to retain the trophy and judges were keen to credit the company for delivering the highest standard of thought, innovation and customer care.
RICS: Government first-time buyer offer
Commenting on the Government's announcement to encourage first-time buyers to participate in affordable housing schemes, James Rowlands, RICS public policy officer said: "Shared ownership schemes are not a “silver bullet” for affordability issues and will only ever be a small part of a wider package of measures.
RICS: Halifax March house price data
Commenting on the Halifax house price data, Simon Rubinsohn, RICS chief economist said: "The sharp fall in the Halifax house price index in March highlights the growing pressure on the residential market as lenders continue to scale back their activity in the market.