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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New research from Halifax shows that the average house is unaffordable for key workers in at least 65% of towns (339 out of 519) across Great Britain. Only five years ago, the average house in only 126 (24%) of towns was unaffordable for all key worker groups surveyed.
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As many home owners plan to make improvements to their properties in the summer, the Office of Fair Trading has highlighted the options available to consumers to protect themselves should something go wrong.
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One of the top 10 mortgage lenders in the UK has expressed it’s belief that the cuurent mini-boom in house prices will pitter out in a few months.
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Survey results in June from the National Association of Estate Agents (NAEA) reveal continued stability in the housing market.
Both sales agreed and houses available are consistent to those reported in May. The number of buyers on estate agents books fell slightly, but this does not appear to have any immediate affect on the market.
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The British love affair with gardening is as popular as ever according to new research from Halifax Estate Agents.
It reveals that around two in every five of us (41pc) spend over four hours working in the garden each week during the summer months and enjoy spending further time relaxing there too.
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The remit of a review of the institutional structures for delivery of the Government?s housing and regeneration programmes has been extended.
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Following the announcement from the Halifax, that inheritance tax revenue has increased by 13 per cent from the first half of 2005, hitting record levels of £1.7bn, The National Association of Estate Agents has urged the Government to raise the threshold inline with house price inflation.
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The Ernst & Young Item Club has said that the Bank of England has room to keep UK interest rates at 4.5pc.
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When the European Central Bank holds its next policy meeting on August 3, it is predicted that it would raise rates from the 2.75% to 3%, an Irish economist has warned.
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New Halifax research, based on data from the Inland Revenue, shows that inheritance tax revenue hit a record £1.7bn in first half of 2006, up £200m or 13% from the first half of 2005.
The amount of inheritance tax (IHT) revenue collected in the first half of 2006 matches total IHT revenue collected over the full financial year 1997/98.
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