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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The annual rate of house price inflation picked up for the third consecutive month in August according to Nationwide.
The building society’s monthy housing report found that house prices are now 6.6% higher than at this time last year - the fastest annual rate of growth since
April 2005.
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Government statistics claim that existing stocks of available “brownfield” land could accommodate up to one million new homes.
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House prices rose by 0.4pc during August according to Hometrack.co.uk.
This brings house price growth over the first eight months of 2006 to 3.9pc.
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New research from Halifax Estate Agents shows that seaside towns on the West coast have seen stronger house price growth over the past five years with fourteen of the top twenty located on the West coast against 6 on the East coast.
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A Reuters poll has suggested that property will cool off later this year and into next, thanks to with rising interest rates and overvalued property.
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Faced with soaring gas and electricity prices, over one quarter of people have carried out energy and fuel saving home improvements over the last year, according to new research from Halifax, the UK’s largest mortgage lender.
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This month marks the ten-year anniversary since the inception of the buy-to-let mortgage and to mark this great occasion, Natwest has introduced some new mortgage rates.
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The British Bankers Association has found that July’s gross mortgage lending was £19.1bn, some 7% below the record figure of £20.5bn in June, though 19% higher than the £16.0bn in July last year.
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It’s well known that moving house is one of the most stressful elements of modern life but new research from the Woolwich reveals that purchasers won’t hesitate to drop a deal if the circumstances are not right.
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During 2005/06 the government collected £3.3bn in inheritance tax (IHT) revenue and has projected £3.6bn in revenue this financial year (2006/07).
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