Category Archives: New homes update

Is the housing market slowing?

Property website Rightmove has reported that the average property asking price fell by 0.8 per cent (or £2,116), to £270,159 in July, compared with a 0.3 per cent rise in July 2013. Miles Shipside, director at Rightmove, said the fall … Continue reading

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June house price fall bucks the trend

The average property price fell by £1,100 in June, a bigger fall than analysts expected according to the latest house price figures released by the Halifax Building Society. Despite the fact that the the average price in June fell by … Continue reading

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UK unprepared for shortfall in house building

When it comes to building new homes the UK is lagging behind its European neighbours. Taking into account population growth, the UK has consistently built among the fewest number of new homes in Europe both pre and post-recession according to … Continue reading

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House prices fuel fears for the future

One in five Britons fear having to move out of their local area because of the high cost of housing, according to a new survey carried out by the Chartered Institute of Housing (CIH)/Ipsos MORI. The online poll questioned adults … Continue reading

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More than 7,300 homes sold under mortgage guarantee scheme as Prime Minister labels Help to Buy a “huge success”

More than 7,300 homes have been sold to people using the government-inspired Help to Buy mortgage guarantee scheme. According to the latest figures released by the government, 80 per cent of these properties were bought by first-time buyers. Most of … Continue reading

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First-time buyers using Help to Buy to sidestep house price inflation

New house buyers are bypassing four years of house price inflation by using the second part of the Help to Buy scheme. Homebuyers are using the mortgage guarantee element of the government’s incentive scheme to get onto the property ladder, … Continue reading

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Number of mortgage approvals falls for third successive month

The number of mortgages approved by High Street banks has fallen for the third month in a row. In January, 48,000 home loans were approved. This fell to 45,045 in March and the latest figures show a further decrease to … Continue reading

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