With two thirds of homeowners over 60 getting by on under £10,000 a year, Norwich Union data reveals that they now have over £841 billion or an average of £82,446 each, tied up in bricks and mortar.
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Brokers are getting ready for the impact of a tightening housing market. According to latest research from BM Solutions, nearly 8 in 10 (78%) say that the current market situation has prompted them to look for ways to either increase or maintain their income.
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Britannia, the UK’s number two building society, announced pre-tax profit for the six months to 30 June 2007 up eight per cent at £81.7 million (2006: £75.8 million).
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The Government has published its proposed changes to the draft Regional Spatial Strategy for the Yorkshire and Humber, increasing the total of new homes as well as boosting the number of future jobs.
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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.
