Primelocation

Buyer interest stokes property market: Primelocation

There are signs of increased buyer interest in the still depressed housing market. But this is yet to translate into a house price ‘bounce’.
The latest optimistic signs come from the Royal Institution of Chartered Surveyors (RICS). There was a 16% increase in new buyer enquiries in January compared to December, reports RICS. It says that [...]

Almost giving it away: Primelocation

The scale of the recession has been dramatically illustrated by the decision of the Bank of England to cut its base rate to a mere 1%.
For full story go to http://www.primelocation.com/news/almost-giving-it-away-bank-cuts-rate-to-1/

House prices ‘to fall further’: Primelocation

House prices could fall by a quarter from current values if predictions from the Centre for Economics and Business Research prove correct. Respected analysts CEBR expect prices to fall 32% from their 2007 levels by the first quarter of next year - providing the Government’s rescue schemes for the banks work. If they fail, house [...]

Government defeats eco-towns challenge: Primelocation

Campaigners have lost the latest stage in their battle against the construction of up to 10 ‘eco-towns’ that the Government claims will provide tens of thousands of environmentally sustainable new homes - but which protesters argue will blight some of England’s most attractive countryside.
For full story go to: http://www.primelocation.com/news/government-defeats-eco-towns-challenge/

Bail-out (phase two) begins: Primelocation

Phase two of the Government’s bail-out of banks and wider economy has begun. If it works, there should be a big increase in mortgage lending over the rest of the year. If it fails the property sector will stay depressed for a long while yet.
To read story go to http://www.primelocation.com/news/bail-out-phase-two-begins/

Lenders phase-out buy-to-let mortgages: Primelocation

People wanting to buy properties to rent may find it impossible to arrange a mortgage, the latest figures from analysts Moneyfacts suggest. Moneyfacts reports that 93% of buy-to-let mortgage products have been withdrawn in the last 18 months.
For full story go to http://www.primelocation.com/news/lenders-phase-out-buy-to-let-mortgages/

Foxtons ‘is not collapsing’, insist owners: Primelocation

Foxtons, the estate agency that brought ‘bling’ to the property market, is not in danger of collapsing, nor will it be sold, its owners insist.
For full story go to http://www.primelocation.com/news/foxtons-is-not-collapsing-insists-owners/

Base rate cut to lowest ever level: Primelocation

The Bank of England has cut the base rate to a mere 1.5% - the lowest rate in its 315 year history. But some of the largest mortgage lenders are unlikely to pass on to borrowers the full benefit of the reduction.
For full story go to http://www.primelocation.com/news/base-rate-cut-to-lowest-ever-level/

South East prices fall fastest: Primelocation

English property prices are falling fastest in the South East and London, according to the latest figures published by the Land Registry.
For full story go to http://www.primelocation.com/news/south-east-prices-fall-fastest/

More houses become affordable: Primelocation

Falling house prices are good news for potential first-time buyers, the Halifax review of housing affordability has stressed. There has been a big improvement in housing affordability over the last year.
Go to http://www.primelocation.com/news/more-houses-become-affordable/ for full story.