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. MPs have called for an end to the dominance of big home-building firms to fix the "broken" housing market. ... [Read full article on BBC ]
Saturday 29th of April 2017 01:27:41 AM
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. The housing market continues to defy fears of a post-referendum slump after sellers’ asking prices hit a new record high of more than £313,000 on average in April. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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....". Last week, the Council of Mortgage Lenders (CML) said the UK's housing market was in "neutral gear", with a shift towards first-time buyer and remortgage customers, away from home movers and buy-to-let landlords. ... [Read full article on BBC ]
Friday 28th of April 2017 07:25:06 AM
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.... The export sector has failed to offset that domestic drag and GDP figures due this week are expected to show the economy slowed markedly at the start of this year. Still, lending support to those who say May was right to call a vote sooner rather than later, unemployment remains low, the housing market is steady, stock markets are near record highs and business activity continues to rise – albeit at a slower pace. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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....Hang on, though. It is clear that – just as with the Treasury and Bank of England’s Help to Buy scheme, which subsided deposits for first-time buyers – keeping the housing market afloat takes a constant layering of policies, one upon another, to keep even middle-income groups in the game while prices climb year on year. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 06:00:05 AM
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.... The world was experiencing the strongest period of sustained growth since the late 1960s and early 1970s and the fund thought the good times would continue. There was a bit of concern about the rip-roaring US housing market, but no suggestion that a crisis in the sub-prime mortgage market would be the catalyst for the biggest recession since the 1930s. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 02:02:46 PM
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....He said the outlook for the property market over the coming months was particularly difficult to predict because of the upcoming general election and uncertainty surrounding the outcome of Brexit negotiations. “The economic outlook is unusually uncertain, and housing market trends will depend crucially on developments in the wider economy,” he said. ... [Read full article on Guardian ]
Friday 28th of April 2017 07:15:39 AM
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....Prime Minister Theresa May’s bid for a huge Tory majority has already given sterling a major boost, while sinking the benchmark FTSE 100 index. The housing market could also wobble if buyers delay their purchases until after polling day on June 8. ... [Read full article on Daily Express ]
Sunday 23rd of April 2017 01:10:00 PM
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.... No one should want house prices to rise at double or treble the rate of earnings growth to reach affordability levels that effectively mean homes in places with decent jobs are out of reach for most people. The latest figures show the UK housing market is currently matching average loan-to-income ratios seen just before the 2008 crash. ... [Read full article on Guardian ]
Saturday 29th of April 2017 04:00:03 PM
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Latest Finance News related to Housing Market

Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
.... No one should want house prices to rise at double or treble the rate of earnings growth to reach affordability levels that effectively mean homes in places with decent jobs are out of reach for most people. The latest figures show the UK housing market is currently matching average loan-to-income ratios seen just before the 2008 crash. ...
MPs say 'dominance' of big home-building firms must end image
Source : BBC [Read Article] Saturday 29th of April 2017 01:27:41 AM
. MPs have called for an end to the dominance of big home-building firms to fix the "broken" housing market. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
....". Last week, the Council of Mortgage Lenders (CML) said the UK's housing market was in "neutral gear", with a shift towards first-time buyer and remortgage customers, away from home movers and buy-to-let landlords. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....He said the outlook for the property market over the coming months was particularly difficult to predict because of the upcoming general election and uncertainty surrounding the outcome of Brexit negotiations. “The economic outlook is unusually uncertain, and housing market trends will depend crucially on developments in the wider economy,” he said. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
.... The export sector has failed to offset that domestic drag and GDP figures due this week are expected to show the economy slowed markedly at the start of this year. Still, lending support to those who say May was right to call a vote sooner rather than later, unemployment remains low, the housing market is steady, stock markets are near record highs and business activity continues to rise – albeit at a slower pace. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
. The housing market continues to defy fears of a post-referendum slump after sellers’ asking prices hit a new record high of more than £313,000 on average in April. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
.... The world was experiencing the strongest period of sustained growth since the late 1960s and early 1970s and the fund thought the good times would continue. There was a bit of concern about the rip-roaring US housing market, but no suggestion that a crisis in the sub-prime mortgage market would be the catalyst for the biggest recession since the 1930s. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....Prime Minister Theresa May’s bid for a huge Tory majority has already given sterling a major boost, while sinking the benchmark FTSE 100 index. The housing market could also wobble if buyers delay their purchases until after polling day on June 8. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Hang on, though. It is clear that – just as with the Treasury and Bank of England’s Help to Buy scheme, which subsided deposits for first-time buyers – keeping the housing market afloat takes a constant layering of policies, one upon another, to keep even middle-income groups in the game while prices climb year on year. ...
Buy-to-let slump puts first-time buyers in the driver’s seat image
Source : Guardian [Read Article] Saturday 22nd of April 2017 05:59:06 AM
. Buy-to-let landlords are finally in retreat in the housing market, leaving young adults in a better position to buy a property, according to the latest data from mortgage lenders. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....5% when fuel sales were excluded). A dry spell for the housing market – which has had almost a year of lacklustre sales, according to surveyors’ body Rics – was blamed for a steep fall in sales of household goods and furniture. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
....Since that surcharge came in, the buy-to-let market has become more subdued, as has the market for home movers. The Council of Mortgage Lenders (CML) said this fall had been cancelled out by a pick-up in lending to first-time buyers but, overall, the UK's housing market was in "neutral gear". ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
.... He had claimed – correctly – that the UK economy had been too dependent on debt in the years before the crisis, but now found that the economy was flatlining. His solution was to get a moribund housing market moving by giving banks and building societies money to lend. ...
Hove's BN3 postcode the most sought-after for 'young urbanites' image
...." . Lloyds' research was based on profiling of "young, urbanite professionals" aged between 25 and 44 by CACI and Land Registry housing market figures. ...
Hove tops property hotspot rankings among young professionals image
Source : Guardian [Read Article] Monday 17th of April 2017 07:01:16 AM
....”. •The report was compiled using profiling of “young urbanite professionals” aged between 25 and 44 by CACI and Land Registry housing market figures. ...
Average UK house price falls £1,000 since start of year image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
.... It did not provide figures on annual growth in previous months. The housing market is typically quiet around the turn of the year but usually picks up in the spring, meaning the price falls since the start of 2017 could be reversed. ...
Surveyors get gloomy as property market stagnates image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:19:32 PM
. Property surveyors are getting gloomier about the state of the housing market, according to the Royal Institution of Chartered Surveyors (Rics). ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....The National Union of Student president, Malia Bouattia, said the rising levels of debt would cast a long financial shadow over young people's lives. "Graduates wanting to access the housing market, save and start pensions after university are already struggling to do so and this step will only disadvantage them further," she said. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... Implementing revenue-neutral tax cuts for almost all income brackets means that Republicans would have to phase out many exemptions and broaden the tax base in ways that are politically untenable. For example, if Republicans eliminated the mortgage-interest deduction for homeowners, the US housing market would crash. ...
Sydney property prices rise almost 20% in past 12 months image
Source : Guardian [Read Article] Monday 3rd of April 2017 03:08:56 AM
....9% on average last year. But the news comes as the ratings agency Moody’s warned an increasing number of borrowers have fallen behind on their mortgage and car repayments, saying more borrowers are set to join them amid rising underemployment, record-low wages growth and a more difficult housing market. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
....It’s not just landlord bodies that have expressed concern. In December Kate Barker, an influential economist, housing market expert and former member of the Bank of England’s monetary policy committee, told the Commons Treasury select committee that while she was generally supportive of the decision to increase stamp duty for people who were buying to let, she had more difficulty with the change to mortgage tax relief. ...
UK house prices slide for first time in almost two years, says Nationwide image
.... And it echoed a report earlier in the week from the Bank of England, which said mortgage approvals had fallen for the first time in six months in February. Britain’s housing market is expected to come under some pressure in 2017 as the backdrop for consumers weakens. ...
UK house prices in first monthly fall for 20 months image
Source : BBC [Read Article] Friday 31st of March 2017 06:59:16 AM
...." . Howard Archer, chief UK economist at IHS Global Insight, said the news "fuels our belief that the housing market is being increasingly affected by the increasing squeeze on consumers and their concerns over the outlook. ...
Bradford & Bingley mortgage sale raises £11.8bn image
Source : BBC [Read Article] Friday 31st of March 2017 06:57:25 AM
....Bradford & Bingley had been a conservatively-run building society, but in 1999 abandoned its mutual status and moved into riskier areas of lending. That strategy backfired in 2008 when the UK housing market slumped amid the global financial crisis. ...
Mortgage approvals fall as UK consumers rely on credit to keep spending image
Source : Guardian [Read Article] Wednesday 29th of March 2017 12:07:32 PM
.... This was lower than expected and the first fall since August, supporting other reports of a slowdown in the mortgage market. Howard Archer, the chief UK economist at IHS Markit, said it could be a sign that consumer fears over the economic outlook were weighing on their willingness to push ahead with house purchases: “The February slowdown in mortgage approvals reported by the Bank of England fuels our suspicion that housing market activity and prices will come under increasing pressure over the coming months from weakening fundamentals,” he said. ...
The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial image
. If the price of milk had risen in line with average house prices over the past 40 years, consumers would now be shelling out more than £10 for a four-pint carton: a sobering reminder of just how broken Britain’s housing market is. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
.... Why? Because all the ingredients – bar one – are now in place for a traditional UK credit boom-bust. The economy is slowing, real incomes have started to fall, the housing market has run out of steam and unemployment is projected to start rising. ...
Record numbers rely on parental cash to buy a property image
Source : BBC [Read Article] Sunday 26th of March 2017 11:08:30 PM
.... . "The way the housing market is operating is exacerbating inequality and impeding social mobility. ...
'Bank of mum and dad' making housing market more unfair, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....“Owning a home is becoming a distant dream for millions of young people on low incomes who do not have the luxury of relying on the bank of mum and dad to give them a foot up on the housing ladder. The way the housing market is operating is exacerbating inequality and impeding social mobility. ...
'People aren't spending': stores close doors in 'oversaturated' US retail market image
.... Other analysts have shown similar pessimism. Earlier in the month, Richard Hayne, chief executive officer of Urban Outfitters, equated the woes facing retail in 2017 to the housing market of 2008. ...
Mortgage approvals by banks falls to lowest for three months image
Source : BBC [Read Article] Friday 24th of March 2017 02:04:09 PM
....6% higher than a year ago. One analyst said the figures suggest the housing market will slow this year. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....Nine months on from the referendum, the Guardian’s monthly tracker of economic news shows inflation is at its highest level for more than three years, retail sales have lost momentum and pay growth has slowed significantly despite the lowest unemployment rate for more than a decade. But the housing market appears to have escaped the post-referendum downturn that some commentators were predicting and though consumer spending slowed at the turn of the year, it recovered somewhat last month. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....FIRST-TIME HIGH. First-time buyers “dominated” the housing market in February, making up 36 per cent of all buyers, up from 28 per cent a year ago, according to new research from Connells Survey & Valuation. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....This week’s inflation data will mark the first time the Office for National Statistics will have used a broader, but controversial, measure called CPIH, which is “consumer prices index including owner-occupiers’ housing costs”. Some economists say CPIH is lacking as a measure because by using figures based on “rent equivalence”, it does not truthfully capture people’s experience of the housing market. ...
Housebuilder Berkeley shrugs off Brexit vote to hit profit targets image
. Housebuilder Berkeley Group has said it expects profits at be at the top end of forecasts this year, as it signalled the housing market in London and the South East had "stabilised". ...
FTSE 100 closes at another record high image
Source : BBC [Read Article] Friday 17th of March 2017 08:52:07 AM
....Housebuilder Berkeley Group was the biggest riser in the FTSE 250, climbing 6% after it said its full-year profits were set to be at the top end of forecasts. The company added that the housing market in London and the South East had now "stabilised" since the post-Brexit vote fall in sales. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... “There is so much money out there looking for a way into student housing,” he said. “Throughout the financial crisis and the housing market crash, students still went to school. ...
Bovis shares continue to climb on two takeover offers image
Source : BBC [Read Article] Monday 13th of March 2017 10:02:33 AM
....Pre-tax profits for last year fell 3% to £154. 7m despite a buoyant housing market. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
.... Despite the small decrease over the past 12 months, the average rent in Britain is still £112 higher than the previous peak in 2007, even though average incomes have only edged ahead since the financial crisis. The government’s white paper on housing last month acknowledged that England’s housing market is “broken”, with the communities secretary, Sajid Javid, telling the House of Commons that rents in many places swallow more than half of take-home pay. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....The UK accounted for 316,395 of last year's visitors, behind only US citizens in visitor numbers. That tourism boom, coupled with strong investment by business and in the housing market, helped the economy grow 7. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... A one-term deficit reduction plan has now become a 15-year slog. Third, when the economy subsequently slowed in 2011 and 2012, the response from George Osborne was to warm up the housing market by providing banks with incentives to lend and borrowers with incentives to buy. ...
Why are Britain’s new homes built so badly? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:27 AM
.... More than half of buyers of new-build homes in England have had major problems with construction, unfinished fittings and faults with utilities, according to housing charity Shelter. The government branded the housing market “broken” in its housing white paper last month. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
. Vulnerable tenants are being pushed out of the housing market as cuts to benefits and rising costs mean rents are “increasingly out of step” with household incomes, a leading industry body has warned. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
.... . The group had already warned that the result of the EU referendum, in which the UK voted to leave Europe, would affect London's housing market. ...
Hopeful Britons counting on 2017 property boom image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
....co. uk, said the UK housing market is bouncing back after a seasonally slow start to 2017. ...
When the roof over your head doubles as your garden image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:00:08 AM
....Returning to the back garden v roof terrace debate, while some people would probably miss having their own patch of green at the rear of the house, others would likely be happy to go without. Last year, in a Guardian article about housing market “myths”, property guru Kirstie Allsopp said: “We’re not interested in our gardens any more – we’re not the passionate gardeners we used to be. ...
Australian housing market crash could lead to broader downturn, OECD warns image
. A crash in Australia’s “unprecedented” housing market could lead to a broader economic downturn, according to a report from the OECD. ...
Home ownership in England at a 30-year low, official figures show image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:32:32 PM
....Government data reveals that the private rented sector has doubled in size since 2004, with almost half of all people in England aged 25 to 34 paying a private landlord for their accommodation. Ministers recently admitted England’s housing market was “broken”, with home ownership a distant dream for millions. ...
House sellers 'should pay stamp duty' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:01 PM
....It is calling on Chancellor Philip Hammond to change the tax in his Budget on Wednesday. "In its present form, stamp duty does not suit today's housing market - it pushes up costs for those looking to buy, exacerbating affordability issues in a market where prices have vastly outpaced wage growth," said Andrew McPhillips, the Yorkshire's chief economist. ...
More than half of new-build homes in England 'have major faults' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....The survey, which polled 4,341 UK adults online, was published alongside a Shelter report that concluded that the housebuilding sector is rigged in favour of big developers and land traders rather than families looking for homes. The current speculative system of housebuilding is failing families by producing expensive, yet poor-quality homes, according to the report, published after the government branded the housing market “broken” in its recent housing white paper. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
....Today, Farha, the UN’s special rapporteur for housing, presents a paper on housing commoditisation to the UN human rights council in Geneva. It sets out how unregulated global capital has in recent years not only distorted housing markets all over the world – turbo-boosting prices and rents to a level that excludes and expels poor and middle-income families from so-called prime locations – but has also created housing precariousness on an unprecedented scale. ...
UK’s housing market is broken, and only a radical solution can fix it | Peter Hetherington image
....That was the recent admission of the communities and local government secretary, Sajid Javid, in a candid assessment of the country’s inability to provide the most basic resource for its people: a roof over their head, no matter income, circumstance or background. Launching a white paper last month, grandly titled Fixing our broken housing market, he noted that a once solid assumption that some form of housing would be available to all starting off in life – whether renting or buying – was now a distant dream for many. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
....The number of visitors to its sites was up by about 7% compared with a year earlier. "The UK new build housing market remains confident with customer demand for new homes supported by compelling mortgage products," the company said. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... Hopefully, by that point, the headline next to the windfarm photo will tell a different story. Everyone appears to be winning from the housing market apart from the people actually buying or renting a property. ...
The Bank of England fears it may not spot the next crisis. Here’s where to look image
.... Likewise credit-card lending, which is vulnerable to a rise in unemployment – or, more likely, a squeeze on pay from rising inflation that will prevent people servicing their loans. A mix of higher taxes on second homes and Brexit uncertainty is taking the heat out of the housing market. ...
Deportation orders threaten Trump's own turf: the real estate market image
Source : Guardian [Read Article] Thursday 23rd of February 2017 12:00:02 PM
. Is Donald Trump, the property tycoon turned president, about to bust the housing market? That’s potentially one of the unanticipated impacts of the Trump administration’s crackdown on illegal immigration, according to demographics experts and immigrants’ rights groups. ...
Barratt to pay out more to shareholders despite London sales slump image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 12:35:18 PM
....One of Britain’s biggest housebuilders has surprised shareholders with an enhanced cash payout, despite its decision to cut prices on some of its most expensive homes in London amid waning demand. Brushing aside any uncertainty over the Brexit vote, Barratt Developments said it was sufficiently confident in the outlook for the housing market to extend its capital return plan, including special dividend payments of £175m in November 2017 and November 2018. ...
UK house price growth at slowest rate in four years image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
. Asking prices in Britain’s housing market rose at the slowest annual rate in almost four years in February as buyers become wary about paying too much, according to the latest survey from Rightmove. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....Brencher said: “Although mortgage rates are at record lows, qualifying for these deals and getting a deposit can be difficult for those with limited household income or unusual circumstances. Britain’s broken housing market means becoming a homeowner is a distant dream for many families and government plans must swiftly be turned into action to stem the tide of inequality. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....com, says the historically high returns in the rental market have disappeared, but property “is always going to win” when compared to savings rates in banks and building societies. “In a strong housing market landlords will benefit from rising prices, and in a flat economy the asset of a flat, apartment or house will still generate a rental income and so remains a useful asset to investors. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
....com, says an awful lot is at stake for first-time buyers: “The current generation faces an almost impossible task to get on the housing ladder. ” Senior economist at PwC Richard Snook predicts there will be a further sharp rise in the number trapped in “generation rent”, those in their 20s and 30s locked out of the housing market: “We estimate that by 2025 some 59 per cent will be renting privately, up from 45 per cent in 2013. ...
Welcome to rabbit-hutch Britain, land of the ever-shrinking home image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... But could the UK now be facing a fresh squeeze on the size of its homes?. Ministers have admitted that England’s housing market is “broken”, and have set out a number of measures aimed at fixing it. ...
Let the councils build homes again and fix our broken housing market image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... At the same time, councils and housing associations are screaming out for long-term funds to build the homes Britain desperately needs. Instead we are in gridlock, with the communities secretary Sajid Javid issuing a white paper that acknowledges the housing market is “broken”, and which admits we need to build as many as 275,000 homes a year compared with the 190,000 last year – but then only think of fixes that do not involve borrowing a penny. ...
‘We didn't even have room for a table’: meet the 30-somethings fleeing London image
....“We know that having children is a key trigger point for moving,” says Cook. “When people reach the life stage where they have children, they want to trade up in the housing market – and in London, the gap between a two-bed property and a three- or four-bed property has widened as house prices have gone up. ...
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... Rio may be luckier, but one expects more rigour. How is Sajid Javid’s white paper on the “broken” housing market going down? Are investors terrified by the sanctions that await any company hoarding land and not contributing to the government’s new construction targets? No. ...
England's housing market is 'broken', government admits in white paper image
Source : Guardian [Read Article] Tuesday 7th of February 2017 01:32:18 PM
. England’s housing market is broken, the government has admitted, with home ownership a “distant dream” for young families, as it unveiled a white paper promising a fresh wave of home building. ...
UK house prices fell in January for the first time in five months image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:34:19 AM
.... Nonetheless, weaker economic growth and increasing pressure on spending power, along with affordability constraints, are expected to dampen housing demand, resulting in some downward pressure on annual house price growth during the year,” he said. Along with other forecasters, Halifax is expecting the economic slowdown to put a brake on the housing market after several years of growth. ...
PM to reaffirm green belt pledge despite plans to ramp up housebuilding image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:34:41 PM
....Sajid Javid, the communities secretary, said: “We are determined to make housing more affordable and secure for ordinary working families and have a rental market that offers much more choice. We understand people are living longer in private rented accommodation which is why we are fixing this broken housing market so all types of home are more affordable. ...
Theresa May to offer more security for renters image
Source : Guardian [Read Article] Saturday 4th of February 2017 11:44:42 PM
....Sajid Javid, the communities secretary, said: “We are determined to make housing more affordable and secure for ordinary working families and have a rental market that offers much more choice. We understand people are living longer in private rented accommodation which is why we are fixing this broken housing market so all types of home are more affordable. ...
UK house price growth has hit 14-month low, says Nationwide image
Source : Guardian [Read Article] Wednesday 1st of February 2017 09:06:31 AM
....8% rise in December. Robert Gardner, Nationwide’s chief economist, said there were indications the housing market would soften in 2017, as household budgets come under pressure from higher consumer inflation at a time of weaker jobs and wage growth. ...
'It's a crisis that keeps on hurting' - experts debate Brexit watch data image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:10:06 AM
.... Spending is expected to slow further as rising inflation eats into pay packets. There were signs of a housing market slowdown in the latest snapshot from the Royal Institution of Chartered Surveyors. ...

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