In June, the UK property industry received its fourth Housing Minister since the start of 2008 - the ninth person to hold the position in twelve years of Labour Government.
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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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