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.
Following the release of the Nationwide house price report Peter Bolton King, the Chief Executive of the National Association of Estate Agents (NAEA), has said that news of a fall in house prices needs to be placed into context.
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The weakness in the housing market continued to impact during April, with Nationwide reporting the first year-on-year fall in house prices since 1996.
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Sainsbury’s Home Insurance warns that trees can be a major cause of subsidence if planted too close to buildings.
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Responding to mortgage approvals data from the Bank of England, the CML director general, Michael Coogan said:
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The slowdown in the UK mortgage market continued during March, the Bank of England has said.
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Savills Research has issued a revised forecast for the property market anticipating total falls of 6% over two years, provided the Bank of England takes all necessary steps to halt the credit crisis.
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The Council of Mortgage Lenders has urged the European Commission to shelve its White Paper proposals on the integration of EU mortgage markets.
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House prices fell for the seventh consecutive month during April with average prices down across half of the country with the average fall being 0.6% over the month.
Nationwide Building Society has announced that from Thursday 1 May, it will launch a new offer to help first time buyers who deal with Nationwide directly.
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Annual house price changes in England and Wales decreased from 5.3 per cent in February to 3.6 per cent in March, taking the average price to £184,798 according to the latest figures from Land Registry.
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