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News Archive - December 2007

Transport links to help new housing hotspots

Halifax Estate Agents has said that areas in London and the south-east will benefit from stronger price growth in 2008 ahead of planned improvements t...
Published: 31/12/2007

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December sees house prices fall

House prices fell in December for the second consecutive month. That is according to the latest figures from the Nationwide House Price Index, which ...
Published: 28/12/2007

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Housing confidence slump

Confidence in the UK housing market has fallen considerably, according to This is Money.A new survey reveals that 75 per cent of UK homeowners expect ...
Published: 27/12/2007

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New buyer levels down

The number of first time buyers (FTBs) entering the property market in 2007 fell to low[CUT?] levels not seen since 1980.According to Halifax, just 30...
Published: 24/12/2007

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Lenders fail to pass on rate cut

First time buyers and other borrowers are struggling to keep up with mortgage repayments because lenders have not reduced their rates.According to Mon...
Published: 21/12/2007

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Void periods down for landlords

It has been revealed that the average landlord is experiencing void periods of just two weeks.The Mortgage Trust has published research showing that 4...
Published: 21/12/2007

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2008 will see prices level out

Next year will be difficult but house prices should level out, according to the Royal Institution of Chartered Surveyors (Rics).The organisation says ...
Published: 20/12/2007

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Base rate set to fall sharply

The base rate of interest will plunge to 4.75 per cent by the end of 2008, according to one expert.Howard Archer from Global Insight believes that the...
Published: 20/12/2007

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FTBs can still find bargains

First time buyers (FTBs) may be able to land themselves a bargain as a result of a slowing housing market.Despite many FTBs struggling with affordabil...
Published: 20/12/2007

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Increase in new property prices

New property prices increased in November, with the annual inflation figure also being positive.The November New Homes Index from Smart New Homes show...
Published: 20/12/2007

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Bristol house prices rise

Bristol is the UK city which saw the largest price growth in 2007, excluding London.According to figures from email4property, Bristol saw house prices...
Published: 20/12/2007

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Favourable inflation figure may lead to rate cut

The Bank of England may cut the base rate of interest early in 2008 after it was revealed that consumer price inflation stabilised in November.Figures...
Published: 18/12/2007

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High demand benefits landlords

Buy-to-let property investors are benefiting from high rents and demand for rented accommodation.The latest Lettings Survey from the Royal Institution...
Published: 18/12/2007

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Landlords confident about 2008

Buy-to-let property investors are upbeat about the year ahead, according to new research from Alliance & Leicester.The study reveals that 71 per c...
Published: 18/12/2007

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FTBs to face affordability problems for some time

It is not possible for the UK to build itself out of the current housing affordability crisis.That is according to Firstrung and is bad news for first...
Published: 17/12/2007

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Home movers should start the process at Christmas

The Christmas period may be an ideal time for home movers, according to Your Move.Although the majority of people do not want to think about moving ho...
Published: 17/12/2007

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Marginal price growth predicted for new year

It has been predicted that house prices will rise in 2008, albeit marginally.Hometrack's director of research believes that a lack of supply will supp...
Published: 17/12/2007

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Prices down in December

The latest Rightmove House Price Index shows that property prices fell in December.Month-on-month figures show a drop of 3.2 per cent, with annual inf...
Published: 17/12/2007

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FTBs want house deposit for Christmas

The majority of first time buyers (FTBs) would like to receive a deposit on a house for Christmas.A total of 62 per cent of young buyers said that thi...
Published: 14/12/2007

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Hips rollout is complete

Home information packs (Hips) are now a mandatory part of the home-selling process for all properties in England and Wales.Four months after the packs...
Published: 14/12/2007

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Landlords prefer professional tenants

Buy-to-let property investors prefer having professional tenants because that can pay more rent.Property Hawk editor Chris Horne said that these kind ...
Published: 14/12/2007

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Schools attract home buyers

Home buyers are keener than ever to live near 'good' schools.That is according to Hot Property, which said that 67 per cent of people are willing to s...
Published: 14/12/2007

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House prices down

The Royal Institution of Chartered Surveyors (Rics) has published its Housing Market Survey for November, revealing that property prices fell.A total ...
Published: 13/12/2007

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Borrowers turn to variable-rate mortgages

The Council of Mortgage Lenders (CML) has reported that more people are choosing variable rate mortgages in anticipation of further cuts to the base r...
Published: 13/12/2007

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CML, IMLA respond to sub-prime report

The Council of Mortgage Lenders (CML) and the Intermediary Mortgages Lenders Association (IMLA) have attacked a controversial report on the sub-prime ...
Published: 13/12/2007

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Demand for renting set to soar

Demand for rented accommodation is set to soar in 2008, according to Property Hawk.The firm believes that current housing market conditions mean that ...
Published: 13/12/2007

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Investors need to do their research

Buy-to-let property investors have been warned that they need to do their research before entering the market.That is according to the Building Societ...
Published: 12/12/2007

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It is a good time to invest

Now may be a good time for seasoned homebuyers to snap up some properties.That is according to a number of experts at the Homebuyer Show, who say that...
Published: 12/12/2007

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Landlords confident in market

Buy-to-let property investors remain confident in the strength of the market, according to a new report.The Young Group has published research which s...
Published: 11/12/2007

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Annual price growth reaches 11.3%

Annual house price inflation hit 11.3 per cent in October, according to the latest set of figures.The Department of Communities and Local Government (...
Published: 10/12/2007

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Govt needs to plan for housing crash

The government has been warned that it must plan for a housing market crash or risk a major disaster.Vince Cable, Liberal Democrat Treasury spokesman,...
Published: 10/12/2007

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Property prices rise

House prices increased by 0.5 per cent between October and November, according to the latest figures.The FT House Price Index shows that property pric...
Published: 07/12/2007

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Borrowers boosted as Bank cuts base rate

The Bank of England's Monetary Policy Committee (MPC) has cut the base rate of interest for the first time in over two years.A cut of 0.25 per cent wa...
Published: 06/12/2007

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Archer predicts base rate cut

Leading economist Howard Archer from Global Insight says that the Bank of England will cut the base rate of interest tomorrow (December 6th).In a late...
Published: 05/12/2007

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2% rise in 2008

House prices are set to increase by two per cent in 2008, according to the latest forecast.Spicerhaart believes that the global credit crunch will con...
Published: 04/12/2007

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Remortgagers prepare for higher rates

Two thirds of British people who intend to remortgage say that they will cut back on festive spending in order to cope with increased rates.Many borro...
Published: 03/12/2007

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FTBs boosted by reduction in empty homes

First time buyers (FTBs) have been given a boost with the news that the number of empty homes in England fell between 2003 and 2006.According to resea...
Published: 03/12/2007

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