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.
The number of new mortgages being approved for home purchase has fallen again for another month.
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First time buyers are preparing to enter the new homes market with confidence, reports SmartNewHomes.com, which has revealed high perceptions of affordability, and large numbers willing to go it alone in pursuit of their first home purchase, in spite of growing negativity in the financial markets.
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More than three million homeowners (3.25 million) are looking to move house over the next 12 months, despite changes in the housing market, according to new Moving Improving research from Alliance & Leicester.
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Commenting on the announcement by Nicola Sturgeon, Scottish Deputy First Minister of a new drive for sustainable communities, Kennedy Foster, CML Scotland policy consultant said:
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Local authorities, and their partners in Scotland, will be encouraged to propose more sustainable communities as part of the solution to meeting housing requirements in their areas.
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Fifteen experts on the Eco-towns Challenge Panel have set out a series of recommendations for potential eco-town developers, designed to improve their plans to create world-leading sustainable developments.
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The latest research from Moneyfacts.co.uk shows that today the average two year fixed rate mortgage stands at 6.75%, the highest rate we have seen in the last 10 years.
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May’s mortgage lending was much weaker than April and a record low number of house purchase approvals means the subdued picture will continue.
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Households at risk of repossession could be protected by a nationwide mortgage rescue scheme run by housing associations, under plans proposed by the National Housing Federation.
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Although 51% of people don’t think that now is a good time to buy property, the surprising finding of the first quarterly Property Tracker survey by the Building Societies Association (BSA) is that 27% of people agreed to some extent that now is a good time to buy property in the UK.
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