Primelocation

The Budget - the verdict: ‘Not enough’ say housing professionals: Primelocation

The Council for Mortgage Lenders describes the Budget’s response to the crisis in the housing market as “modest”. Others are blunter and say its measures are not radical enough. Despite widespread expectations that the Budget would include concrete measures to kick-start the housing market, the reality is that they are likely to have limited affect.
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The Budget - what it means for housing: Primelocation

Budget measures supporting the housing market left commentators disappointed, many of whom expected more. But the extension of the stamp duty holiday and a programme to build new homes on vacant development land provided some good news.
For full story see http://www.primelocation.com/news/budget-2009-provides-limited-boost-for-housing/

Signs of optimism: Primelocation

There are further indications that the property market has stabilised, with news that mortgage lending increased in February - though remaining at low levels.
For story go to http://www.primelocation.com/news/optimism-spreads/

Second homes become yesterday’s dreams: Primelocation

Homeowners are pulling at their purse strings and pulling up their metaphorical drawbridges as they stay put at home. New statistics reveal that the number of second home purchases both at home and abroad have slumped as the recession takes hold.
For story go to http://www.primelocation.com/news/second-homes-become-yesterdays-dreams/

Rents go down as ‘accidental landlords’ increase: Primelocation

Prime central London rents are falling heavily, despite substantial increases in supply, according to the results of the last quarterly survey by residential agents Knight Frank.
For story go to http://www.primelocation.com/news/rents-go-down-as-accidental-landlords-increase/

No change may be good news: Primelocation

The Bank of England has maintained the base rate at 0.5%, as expected. The base rate is, in truth, so low that it is difficult to believe it could be cut further. But the signals from the Bank are also cautiously good news for the property market, which may be near its lowest point.
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Dunfermline blow to mortgage market: Primelocation

The collapse of the Dunfermline Building Society does not shake the foundations of the global financial sector in the way that the problems of RBS, Halifax and Citigroup did. Yet it could have serious implications for UK mortgage lending.
For story go to: http://www.primelocation.com/news/Dunfermline-blow-to-mortgage-market/

A hint of recovery?: Primelocation

Mortgage lending jumped 19% in February, giving hope that the property market might now begin a slow recovery. However, the latest figures must be treated cautiously as lending remains at less than a third of the level at its peak in mid-2006.
For story go to http://www.primelocation.com/news/a-hint-of-recovery/

London no longer most expensive city: Primelocation

London is no longer the most expensive city in the world for prime properties, following a dramatic 17% fall in house values in the last year. But the Fitzrovia area of London is the world’s most attractive up-and-coming prime location, according to a report on international prime residential properties.
For full story go to http://www.primelocation.com/news/london-no-longer-the-worlds-most-expensive-for-property/

Deflation - a serious threat to the housing market: Primelocation

For people of a certain age, inflation was the great evil - it destroyed wealth and savings. Now, we are told, deflation is the real threat - and unless deflation is conquered there is little chance of the housing market recovering.
For full story go to http://www.primelocation.com/news/deflation-a-serious-threat-to-the-housing-market/