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23rd of October 2010
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News Tag: shortage

October 18, 2010

Asking prices up 3% in October, say Rightmove

by Kay Murchie
Asking prices up 3% in October, say Rightmove
Property website, Rightmove, has today reported a rise in asking prices in October - after three months of falls. According to Rightmove, asking prices for residential property in England and Wales rose 3% and the group attributed the rise to vendors refusing to adjust to new market conditions. Rightmove warned sellers that increasing their asking prices is not the way forward ...




September 10, 2010

Redrow chairman campaigns for first-time buyers

by Gill Montia
”Redrow
Redrow chairman, Steve Morgan, is calling attention to the plight of first-time buyers, pointing out that they are forced into saving upwards of 20% of the value of their first homes, compared with an historic first-time buyer deposit of around 6%. With demands for large deposits remaining "the major constraint" to the full recovery of the UK housing market, Mr Morgan ...




April 6, 2010

New family homes gain rarity value

by Gill Montia
”New
Smartnewhomes.com is warning of a shortage of family accommodation across the UK property market and initiating a campaign to bring back the family home. The property portal blames the recession for a continuing decline in new family homes, claiming that last month only 476 such properties were marketed by developers, down from 595 in February 2009. According to the figures, annual declines ...




March 22, 2010

Young Britons prepare for 10-year wait on home ownership

by Gill Montia
”Young
Buying a home has become a pipe dream for millions of young Britons, the National Housing Federation (NHF) claims. Research by the body, which represents England's housing associations, suggests that 50% of those wanting to get a foot on the property ladder are preparing for at least a 10-year wait. The YouGov survey commissioned by the NHF also revealed that ...




October 13, 2009

Shortage of homes pushing up prices

by Kay Murchie
Shortage of homes pushing up prices
The Royal Institution of Chartered Surveyors (Rics) has discovered that a lack of homes up for sale has resulted in the strongest rise in house prices since the start of the credit crunch. According to Rics, its headline house price balance has grown to its highest level since the autumn 2007. It said that almost one quarter (22%) more surveyors thought prices ...




August 28, 2009

London’s property market bounce to be short lived

by Gill Montia
...




August 13, 2009

TMA warns not to be fooled by signs of recovery

by Kay Murchie
”TMA
Britain's turnaround and recovery professionals, TMA (UK) is warning that recent house price gains and rises in share prices should not be taken as an end to the economic downturn. According to the group, there is still a severe lack of bank lending to businesses, which in turn has an impact on the capacity of consumers to demand ...




August 11, 2009

Rics: House prices expected to rise due to house shortage

by Kay Murchie
Rics: House prices expected to rise due to house shortage
The Royal Institution of Chartered Surveyors (Rics) believes that house prices will rise over the next few months due to a shortage of homes for sale. According to Rics, part of the renewed optimism within the housing market comes as a result of demand from new buyers outstripping supply. The organisation said just 8% more surveyors reported seeing ...




August 5, 2008

House price recovery driven by shortage of homes

by Gill Montia
House price recovery driven by shortage of homes
The Centre for Economic and Business Research (CEBR) is predicting that house prices will begin a rapid recovery at the end of next year, rising by 30% by 2012. Research undertaken for CEBR by Oxford Economics indicates that a shortage of homes will be the main driver behind a return to property price inflation. In its consumer and housing prospects report, ...




July 29, 2008

Mortgage lending will take two years to recover

by Gill Montia
Mortgage lending will take two years to recover
A government initiated report into the UK mortgage market has been published today. The work has been prepared by Sir James Crosby, a former chairman of Halifax, who is heading a review into improving wholesale mortgage funding. Final recommendations will be published in the autumn but in the meantime the report predicts that current funding difficulties will take two years to ...





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