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Category Archives: Uncategorized
Local housebuilder predicts “steady” growth in 2015 housing market
“Steady away appears to be the theme for 2015” predicts Karl Hick, Chief Executive Officer of Bourne, Lincolnshire-based housebuilder Larkfleet Homes. With record low mortgage rates, the recent review of the Stamp Duty tax, rising wages and early signs that … Continue reading
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Inspector allows appeal against affordable home requirement
A planning inspector has allowed an appeal against a council’s requirement for affordable homes on a housing development after concluding that it would make the scheme unviable. The appeal was made by Nottingham-based developer Langridge Homes against East Lindsey District … Continue reading
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A sharp decline in homeownership among the young revealed
There has been a collapse in the numbers of people under the age of 30 owning their own homes according to a new analysis of the housing market carried out by the Office of National Statistics (ONS). The percentage of … Continue reading
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House price growth set to slow this year according to analysts
The average house price in the UK in December was £185,700 according property market analysts Hometrack. Average UK house prices ended the year 8.3 per cent up in 2014 according to the Hometrack UK Cities House Price Index. The rate … Continue reading
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Out of date feudal rights could be affecting property values
The Law Commission should carry out a review to assess whether the law relating to manorial rights should be changed, says the Justice Committee in its Manorial Rights report, published today, amid fears that anachronistic feudal rights could have an … Continue reading
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Surprise increase prices gives New Year boost to ailing housing market
House prices in January have recorded a surprise increase according to the latest house price data from Rightmove. The average price of a house in December 2014 was £269,477. This rose to £273,275 in January 2015, an increase of 1.4 … Continue reading
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Cheap fixed rate mortgages set to entice new buyers
Barclays recently launched a 10-year fixed rate mortgage with an interest rate 2.99 per cent. This is the lowest rate ever offered on a loan of this type. To take advantage of the deal borrowers will need to stump up … Continue reading
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Mortgage lending ‘eases back’
Mortgage lending to first-time buyers and home movers “eased back” in November 2014 indicating a moderating housing market according to the latest figures from the Council of Mortgage Lenders (CML). There were 25,900 loans to first-time buyers in November – … Continue reading
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Surveyors warn of skills shortage
House building in the region continues to grow but there is a deepening skills shortage in the construction industry according to latest UK construction market survey figures from the Royal Institute of Chartered Surveyors (RICS). Construction workloads rose in the … Continue reading
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Housing shortage crisis could worsen in 2015
There could be a widening gap between the supply of homes and the demand for new property in the coming year according to a report by the National Association of Estate Agents (NAEA). Almost half of NAEA members predict a … Continue reading
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