According to Savills research, whilst this weeks interest rate cut may be good news for the economy and thereby provide some comfort for homeowners, the extent of the impact on the housing market could be limited.
New powers to help keep homes affordable for communities in rural areas were set out as Housing Minister Iain Wright launched two consultations.
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A new agreement to support the delivery of more homes and the regeneration of communities has been launched by Housing Minister Caroline Flint, Local Government Association Chairman Sir Simon Milton and Homes and Communities Agency Chief Executive Designate Sir Bob Kerslake.
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New measures designed to respond to the impact of the credit crunch on the housing market and maintain the delivery of new affordable housing, has been announced by Housing Minister Caroline Flint.
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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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UK annual house price inflation in February 2008 was 6.7 per cent, down from 8.0 per cent in January 2008, official figures from Communities and Local Government has said.
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Nearly £900m of tenants’ deposits has been safeguarded under the Government’s tenancy deposit protection scheme in its first year, the Department for Communities and Local Government has said.
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The mix-adjusted average house price in the UK in January 2008 stood at £221,758, up from £218,007 in December 2007 according to official Government figures.
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The UK Government has confirmed that the house market is cooling off with it’s own figures reporting a fall in house price inflation from 11.3 per cent in October 2007 to 9.5 per cent in November 2007.
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The Government today set out more details of the work of the Agency which will play a key role in delivering the 3m new homes by 2020 pledged by the Prime Minister - the Homes and Communities Agency (HCA).
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Councils and landlords should ensure social housing services focus on people, not just the homes they live in, Housing Minister Yvette Cooper said in a speech to the Housing Corporation and Chartered Institute of housing today.
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