Finance Matters

Posts Tagged ‘Property News’

Since the start of the year, house sales in England and Wales have fallen dramatically, the BBC reports.
New data obtained by the BBC from research-based consultancy, Acadametrics, show January transaction levels down 52% on December, at 36,000.
February looks little better with an estimated 40,000 completed sales, although seasonal trends, winter weather, and the end of [...]

The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month.
According to the Royal Institution of Chartered Surveyors’ (RICS) latest housing market survey, a net balance of 15% of surveyors reported a rise, rather than a fall, in new [...]

The National Association of Realtors (NAR) has revealed a fall in sales of previously owned homes in the US for the month of January, suggesting the extension of the $8,000 tax credit for first-time buyers is having little appeal.
The industry body said sales agreements fell 7.6% in January compared with December and the index [...]

Tesco has joined forces with Spicerhaart to launch an online estate agency aimed at saving home-sellers money.
iSold.com is so far only available in the Bristol area; the new service charges a flat fee of £999 in return for which properties are advertised on portals such as Rightmove.
All contact with vendors and purchasers takes place either [...]

Reporting on its recent “Future Housing” conference the Council of Mortgage Lenders (CML) says it expects the UK to see a smaller proportion of homeowners and a higher proportion of tenants, mostly in the private sector, in the years ahead.
Changing consumer preferences and affordability pressures will drive the trend.
Examining the plight of first-time buyers, [...]