According to Savills research, whilst this weeks interest rate cut may be good news for the economy and thereby provide some comfort for homeowners, the extent of the impact on the housing market could be limited.
Housing conditions in England have substantially improved since 1996 with the number of non-decent homes reducing by over 3 million, from 9.1 million (45 per cent) to 6 million (27 per cent) in 2005, according to the 2005 English House Condition Headline Report.
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The National Association of Estate Agents (NAEA) has welcomed a call by Halifax Estate Agents (HEA) to introduce licensing for estate agents in the UK.
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With the Consumers, Estate Agents and Redress Bill being considered in the House of Lords on Tuesday 30th January 2007, shortly before progressing to the House of Commons to be debated, Halifax Estate Agents (HEA) is calling for the government to go even further.
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House prices have risen by 0.4% over January driven largely off the back of the London market, while year on year rate of growth stands at 6%, the highest rate since July 2003.
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Nationwide Building Society today announces an increase in rates on its range of fixed rate mortgages. The new rates are available from Thursday 1st February 2007.
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House prices rose by 0.3% in January, their slowest pace for 8 months, the Nationwide has said.
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Irish house prices nationally grew by 11.8 per cent in 2006 up from 9.3 per cent recorded in 2005, according to the latest Permanent TSB/ESRI monthly House Price Index.
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The boom in low-cost, budget airlines has meant that owning a property in Spain is a real possibility, not just a lifestyle afforded by the rich and famous, according to Banco Halifax Hispania.
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The Centre for Economics and Business Research (CEBR) has suggested that Britain’s housing boom will continue in 2007, with average prices rising by 1,000 pounds a month.
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Following the decision by the Monetary Policy Committee to raise the Bank of England base rate, Intelligent Finance is passing on the full 0.25% to its savings and ISA customers.
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