Housefund Article Archive for February 2009
Negative equity predicted to hit 5 million homeowners
Five million UK homeowners will have fallen into negative equity by the end of 2009, according to leading UK research house GfK NOP, with 700,000 of those at risk already heavy debt holders.
Posted in 2009, Affordability, Buying, first time buyers on 28 February 2009 House prices drop by 15.1% in one year
The Land Registry has revealed that house prices in England and Wales during January were 15.1% lower than a year earlier.
Posted in 2009, House Prices, Land Registry on 27 February 2009 First time buyers offered little incentive
Fixed rate mortgages equate to three quarters of the deals on offer to first time buyers, but with rates as much as seven times base rate, there is little incentive for new borrowers to get on the first rung of the ladder, Moneyfacts.co.uk has said.
Posted in 2009, Moneyfacts, first time buyers on 27 February 2009 New house builds are down by a third
New house-building statistics reveal that the number of applications from builders to start new homes fell by almost two thirds year-on-year during the three-months from November to January.
Posted in NHBC on 26 February 2009 Improving affordability helps – but prices continue to fall
House prices fell by 1.8% in February as confidence in the UK property market failed to pick up, according to the Nationwide building society.
Posted in 2009, Affordability, House Prices, Nationwide on 26 February 2009 OFT launches market study into home buying and selling
The Office of Fair Trading has launched its market study into home buying and selling, following two months of discussion with interested parties on its scope.
Posted in 2009, OFT on 25 February 2009 Grammer schools attracting homebuyers
Parents on the look out for a new home are being driven increasingly by the performance of local state schools, reports email4property.co.uk, as many wealthier families start to look away from private education in the current financial climate.
Posted in 2009, Buying on 25 February 2009
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