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houseline61In 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.

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Properties remain over-priced and unaffordable for the vast majority of first-time buyers – despite a 10.5% fall in house prices over the last 12 months, the National Housing Federation has warned.

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A second survey of members conducted by the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), regarding the indecision caused by a possible Government Stamp Duty holiday announcement, shows that the crisis is still playing out in the housing market.

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Alliance & Leicester’s Mortgage deals have been re-priced and rates are being reduced on all but one of its mortgage products, which remains unchanged.

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New research from Halifax shows that four fifths (80%) of people who carried out home improvements in the past year financed their work either partly or entirely through their own savings.

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House Prices

Irish asking prices down by 15%
[2 Jul 2009|No Comment]

Average asking prices for Irish houses fell by 14.66% in the 12 months to June 2009, according to new research by myHome.ie.

Mortgages

Average 5 year mortgage hits 6.00%
[30 Jun 2009|No Comment]

The rising cost of fixed rate mortgages continues as the average five year fixed rate mortgage hits 6.00%, the highest level since 22 December 2008.

Affordability

Five things that the Housing Minister must do to assist the market.
[4 Jul 2009|No Comment]

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.

Lettings

Could your home be a holiday goldmine?
[1 Jul 2009|No Comment]

As people increasingly look for new ways to boost their income, many British homeowners could be sitting on a mini-goldmine this summer, says Email4property.co.uk, with properties throughout the country now offering excellent potential for short-term holiday lets.