Posted in January 1st, 2010
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I hope you have one eye on your wallet if you’re thinking of buying a house in the UK this year - 2010. One eye on your wallet, one eye on your job prospects , one eye on the economy and one eye on the politicians and bankers who got us into this […]
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Posted in December 31st, 2009
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It’s almost 2010 and I’m in a dilemma!Should I buy a house in the coming year or should I hold back for further falls in the housing market in the UK. What’s a man to do?
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House price increase ’slows down’ (news.bbc.co.uk)
Housebuilder Bellway in talks over new director remuneration package after […]
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Posted in April 12th, 2009
Housebuyers may have to wait a year for better market conditions, say economists
David Budworth
Homeowners hoping for a revival in the housing market could have to wait at least another year, economists have warned, as rising unemployment, a squeeze on household finances and problems in the mortgage market continue to exert pressure on prices.Economists have cautioned […]
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Posted in April 12th, 2009
April 10, 2009Don’t be fooled by ‘green shoots’ in housing marketThere is still some way to go before house prices stabilise and we are a very long way from a recoveryAndrew Ellson
Facts, Mark Twain once observed, are stubborn things. But statistics, he noted, are more pliable. It is with this caution that we should observe […]
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Posted in March 10th, 2009
House Price Reports
UK house prices continue to crash at an alarming pace
Well that was short lived, no sooner had the “green shoots of recovery” appeared last month (in relation to house price growth) then the true overall trend re-emerges, downwards…House prices have fallen 17.7% year on year and approx. 20% from their peak - in […]
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Posted in February 1st, 2009
Best to ignore the cheerleaders for the property sectorBy Proinsias O’Mahony Saturday January 31st, 2009
Proinsias O’Mahony doesn’t share the optimistic assertions of some in the property business about recovery in the housing market
HAPPY new year? Not really. The banks are at death’s door. Unemployment is rocketing. Cuts much more severe than those proposed in the […]
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Posted in January 2nd, 2009
Biggest house price drop on record
House prices plunged by 16.2% during 2008 in the biggest drop for a calendar year on record, Halifax said.Last year’s price plummet, which came after the average value of a property in the UK fell 2.2% in December, was the biggest year-on-year fall since the Halifax began recording data in […]
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Posted in January 1st, 2009
Slump is worst since 1930s - veteran estate agent
Jan 1 2009
by Nick Machin, South Wales Echo
THE current economic slump will be worse than the Great Depression of the 1930s, a South Wales estate agent has warned.And Saul Magrill should know – because he was there.Mr Magrill, 94, thought to be Britain’s oldest working estate agent, […]
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Posted in November 16th, 2008
Five experts predict how much further house prices will fallUK house prices are now nearly 15 per cent lower than 12 months ago, according to the Nationwide, with the price of an average house dropping by £30,000 to £158,872.But when will the house price crash end and how far will prices fall? Should buyers grab […]
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Posted in November 16th, 2008
More house price falls to comeBy Nick Louth, exclusive to MSNNovember 13 2008The big rise in unemployment this week and the Bank of England’s admission that Britain is in recession are clear reminders that those hoping for a quick end to falling house prices are likely to be disappointed.Whether we look at other housing booms […]
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Posted in October 2nd, 2008
Why even mortgage brokers are struggling to find mortgages for their clients…
A massive two-thirds of brokers have been unable to source a mortgage for clients in the past two months, according to the Intermediary Mortgage Lenders Association. This surprising statistic highlights just how difficult it is to secure mortgage finance for many borrowers, with […]
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Posted in October 2nd, 2008
House price fall biggest in 17 yearsBy Christina Fincher
LONDON (Reuters) - House prices fell 1.7 percent in the month of September to post their biggest annual drop since comparable records began in 1991, the Nationwide building society said on Thursday.
Interest rate futures rallied as investors speculated the figures increased the chance of an interest rate […]
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Posted in September 4th, 2008
In The Eye of The StormPeter SchiffSep 4, 2008
As we enter the height of the hurricane season, it may be worthwhile to recall, when considering the economy at large, the particular deception that lurks in the “eye” of the storm. After a raging tempest, the sudden appearance of the calm ‘eye’ can all too easily […]
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Posted in September 4th, 2008
Property price drop has acceleratedBy PA NewsSeptember 02 2008Government help for homebuyers follows 12 months which have seen prices tumble and loans restricted.
- The average UK property has lost 10.5% of its value during the past 12 months, the biggest drop since the final quarter of 1990, according to Nationwide Building Society.
- Property prices fell […]
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Posted in August 31st, 2008
Straw says UK can ‘weather storm’
Justice secretary defends Labour’s “experienced pilot and co-pilot”Justice Secretary Jack Straw has said Labour is best placed to see Britain through the current economic downturn.
He told BBC One’s Andrew Marr Show that economic management under Labour would help the UK to “weather these storms”.
He said Chancellor […]
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Posted in August 31st, 2008
House prices crash by 10.5% in just one year - faster than the crash in the 1990’sThursday, August 28 2008 @ 06:32 AM UTC
Latest Nationwide data shows month-on-month fall on 2% bringing the yearly fall to a staggering double digit value of 10.5%, a value that was predicted for the next 3 years and also […]
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Posted in August 4th, 2008
Think of a number……..say 10% Think again…………..say double it to 20% Think again and compare it to the latest projection of say HBOS ………say 30%
That’s probably not far out over the next 2 years!
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Posted in August 4th, 2008
Everybody talks as if falling house prices are a bad thing, nay, a national disaster.
Rising house prices, the logic runs, are therefore a good thing.
But the reverse is true.
Right now, falling house prices are exactly what we need. You know it, I know it.
House prices dropped a record 8.1% over the past 12 months, according […]
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