Member of the National Association of Estate Agents (NAEA) have reported that the current market is levelling out; however there are still signs of uncertainty.
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Irish house price growth has risen at more than twice the rate in the five months to November at 5.4pc.
The latest permanent tsb/ESRI House price index reports that the price increase is up compared to the first half of 2005, when price growth was at 2.6pc.
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Gross mortgage lending rose by 5pc to an estimated £28.5 billion in November according to the Council of Mortgage Lenders.
This was the second highest monthly lending figure on record, 1pc lower than the £28.9 billion of lending in July 2004, and 30pc more than the £21.7 billion of lending last November.
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House prices have risen for the first time in over a year during the three months to November reports the Royal Institution of Chartered Surveyors.
RICS said that the three months to November saw 4pc more chartered surveyors reporting rises in prices rather than falls. This is a marked improvement when compared to October?s figures, when a further 8pc of surveyors reported a fall.
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Ulster Bank has reported in it’s “2006 Focus Report”, of a 0.25pc cut in UK interest rates.
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Times are looking tough for Santa Claus, RICS - The Royal Insitute of Chartered Surveyors has called time on chimneys.
According to RICS, chimneys are an endangered species, with new homes not featuring one and many older homes not maintaining or restoring their existing ones.
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The Royal Institution of Chartered Surveyors has said that it expects a rise in UK house prices of 4pc in 2006 and a further 4pc in 2007.
The predictions should be considered as RICS had accurately predicted an expected upturn of 3pc for 2005.
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energywatch has repeated its call for action from the energy industry, Government and consumers to take the sting out of the pain of energy price rises. The call comes as Centrica warns of further price increases in 2006.
Consumers already face a double whammy in January when Npower and Scottish and Southern Energy price increases take effect. energywatch believes that warnings from British Gas’ owners Centrica indicates that even more pain awaits Britain’s energy consumers.
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David Cameron has issued a “triple lock” promise designed to restore the Conservative’s reputation for economic credibility and more importantly for homeowners, giving added protection to the mortgages and livelihoods of the British people.
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Property makeover shows on television are responsible for a home improvement boom that may have added billions of pounds to the value of the nation’s homes, research from Privilege Home Insurance has claimed.
Of those surveyed, 22 pc said they have been inspired to make improvements after watching various makeover shows on television.
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The OFT today published new guidance on what constitutes estate agency work for the purposes of the Estate Agents Act.
The guidance is intended to provide greater clarity and consistency for consumers and businesses and has been collectively agreed by the OFT, the Trading Standards Institute (TSI) and the Local Authorities Coordinators of Regulatory Services (LACORS) as well as receiving the support of trade bodies within the sector.
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