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Lenders not playing ball with Government’s 95% mortgages, homes chief warns

March 31, 2012 By Leave a Comment
Edinburgh property values have risen by 509 per cent.

A letter written by Home Builders Federation (HBF) executive chairman Stewart Baseley has revealed that banks are not playing ball with the Government's 95% mortgage offer to kick-start the housing market. The letter dated 27 March - leaked to the Daily Telegraph - informed housebuilders that lenders have not "embraced the scheme as first envisaged" and that efforts were under way to "impress upon them to implement NewBuy as a matter of priority." The scheme, which was launched this month, was meant to be rolled out rapidly following the launch with lenders engaging builders about the … [Read more...]

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Scotland House Sales Hastened With Launch of Move Quick – the Premier site for Quick House Sales

February 26, 2012 By Leave a Comment
Move Quick Logo

Glasgow, Scotland (PRWEB UK) 24 February 2012 With Scotland house sales deeply affected by the credit crunch, a new style of Scottish estate agency has emerged, equipped for the challenges that lie ahead. Principal among that new style of Scotland house sales is Move Quick, established to offer attractive possibilities to those selling their home, buying a house or wishing to invest in property. Operating solely in Scotland, Move Quick is specifically tailored to the country’s unique system of conveyancing. House sellers have the option of a range of services – a fast, … [Read more...]

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Property ladder ‘has bottleneck’

February 26, 2012 By Leave a Comment
Property Sales, Property Marketing

Homeowners who cannot move up the property ladder into their second home are causing a "bottleneck" in the housing market, the Bank of Scotland has warned. Research found that two-thirds (65%) of those looking to buy their second home in the past year have been unable to do so. These so-called second steppers faced a number of barriers when looking to move. Meanwhile, three-quarters (76%) believe the Government should step in to help people trying to sell their first home. Carol Anderson, head of mortgages at the Bank of Scotland, said people being unable to move up the ladder … [Read more...]

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Most Scottish towns are affordable

December 28, 2011 By Leave a Comment
Scotland, Edinburgh

The majority of towns and cities across Scotland are affordable for first-time buyers, according to the latest Bank of Scotland First-Time Buyer Review. The average house price paid by a first-time buyer in November 2011 was affordable for someone on average earnings - based on the ratio of the average house price to earnings being below the long-term average of 4.0 - in 77% of all local authority districts in Scotland. This compares with just 31% at the peak of the housing market in 2007. Nonetheless the number of first-time buyers continues to decline. Notwithstanding better … [Read more...]

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Housebuilder Persimmon Homes gets £20 million Affordable Rent cash

December 20, 2011 By Leave a Comment
Persimmon Homes

Housebuilder Persimmon has signed the largest private sector developer contract with the Homes and Communities Agency (HCA) to date as part of the Government’s Affordable Homes Programme. It will be allocated more than £20 million to build nearly 2,000 homes across England. Other private developers that have already secured Government cash as part of the programme are Dunelm Accord Homes and Jessup Brothers with £8.6 and £3.6 million respectively. At the beginning of December, house builder Galliford Try was also allocated £17 million. Private developers have been allowed to bid … [Read more...]

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NAEA 2012 property market predictions

December 20, 2011 By Leave a Comment

The National Association of Estate Agents today revealed itspredictions for the UK property market over the next 12 months. NAEA chief executive Peter Bolton King said 2012 will see a ‘gradual’ recovery for the UK property market, as it continues to bounce along the bottom – with no “great upturn” to mark a change from the previous 12 months. Mr Bolton King said: “I don’t believe that we will see a significant fall in house prices over the next 12 months as some have feared. But equally, it is unlikely we will see any great upturn to help the market back to full capacity. … [Read more...]

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Scottish residential lettings market thriving

December 13, 2011 By Leave a Comment
renting

The lettings market for residential property in Scotland is thriving according to independent property consultancy CKD Galbraith. Would be property owners are continuing to rent during the current uncertain economic times, the firm’s latest lettings report shows. The Scottish national average is an all time high and is up 3.2% compared with the third quarter of 2010, research by Citylets shows. ‘Demand for private rental properties is showing no sign of decline and the choice of accommodation for tenants is increasing as more rental properties come on to the market. These rental … [Read more...]

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Confidence flags but two thirds of home movers still don’t believe house prices will fall next year

December 8, 2011 By Leave a Comment
article-2070679-0F13E6F000000578-151_468x312

Optimistic potential house buyers believe that property prices will not fall in 2012, defying the current economic gloom and turmoil which blankets the UK. Research from Rightmove’s latest Consumer Price Forecast, which polled more than 25,000 respondents, has revealed that 63 per cent of prospective home-movers believe that prices in their area will not be lower in a years’ time But of those 63 per cent, only 22 per cent predict house prices to be higher, while a much larger 41 per cent believe they will remain steady - 31 per cent expect prices to be drop next year, … [Read more...]

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UK property prices set to finish the year where they started

December 7, 2011 By Leave a Comment
Edinburgh Town House - Home Staging

UK residential property prices in the three months to November were 0.6% lower than in the preceding quarter and down 0.9% on a monthly basis according to the latest figures to be published today (Tuesday 06 December). The data from the Halifax shows that the underlying market trend was negative for the second successive month following three consecutive increases. There has been an even split of monthly price rises and falls this year with five of each and one month of no change. The average UK house price is now £161,731 on a seasonally adjusted basis. Annually they are down 1% which … [Read more...]

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Ikea floored by housing slowdown as sales drop 3%

December 4, 2011 By Leave a Comment

FLAT-PACK giant Ikea has vowed to keep slashing prices – despite suffering a drop in sales. The Swedish furniture firm’s UK arm saw takings fall 3% to £1.15billon in the 12 months to September. The decline came in spite of Ikea cutting its prices by 5% across the store to appeal to cash-strapped shoppers. UK boss Martin Hansson said: “Low consumer confidence, coupled with the stagnant housing market has resulted in another tough year for us. Despite this, we remain focused on giving customers the best value for money on home furnishings, which I believe helped us strengthen our … [Read more...]

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