For months now, those of us in the housing advice world have been watching the slow motion car crash that is the unfolding housing benefit changes and we are nearly at the point where the airbag fails to deploy.
That’s right folks, the impending changes to the single room rate is just over a week away.
Continue reading Housing Benefit NEWSFLASH
"Fitch Ratings believe house prices need to drop 25% to be sustainable"
Homes are still 25 per cent too expensive and the market needs to carry on adjusting, according to a new house price survey.
Economic analysts Fitch Ratings have introduced yet another house price survey in to an already confused and crowded market.
The firm is inviting comments about the underlying model – a copy of the data is available after registering on the Fitch Ratings web site.
The firm’s calculations put property values at 25 per cent over a sustainable level at the end of 2010 and predict that if inflation continues to rise at the expected rates, then they will still be 15 per cent too much at the end of 2013. Continue reading Unaffordable House Prices Need to Drop 25%
Home ownership is set to tumble back to levels last seen 30 years ago as house prices and rents are set to surge upwards, according to a new study.
Buy to let is expected to rise to almost one in four homes over the next decade.
The drivers of change are strict mortgage lending criteria, the large deposits needed by buyers and high property prices coupled with a shortage of new-build homes. The findings come in the form of a report commissioned by the National Housing Federation (NHF), the trade body for housing associations in England.
Continue reading Homes ‘Crisis’ Will See Soaring Rents and House Prices
NewsNow to feature Property118 News
Not only is Property118.com one of the fastest growing Property web-sites in the UK this year, today NewsNow adopted the web-site as one of their key Property News Publishers.
Mark Alexander, founder of Property118.com said “Our News articles are a key component of gaining the required attention from the Private Rental Sector to monetise the web-site through the Directory we are launching in the next few weeks. That’s why I’m so delighted the Property118 team has been given this level of recognition by the UK’s number one News portal, which will doubtless increase traffic to us.” Continue reading Major accolade for Property118.com (Press Release)
Home buyers came out with the sun as the number of viewings increased last month, according to estate agents; however, home sales are still sluggish due to the lack of mortgage funding.
Continue reading Sun brings out viewers, but home sales still sluggish
House prices are still slowly going down – but worries about mortgage interest rates and jobs are likely to buoy the market, according to the Halifax.
The lender, one of the UK’s largest mortgage providers and part of the Lloyds TSB banking group, explained a fall in home values by 1.4% in April from March was down to a lack of confidence in the market.
Continue reading House prices still falling, says the Halifax
Many believe property is still priced too high – but only one in four believe prices will fall much in the coming year, a survey claims.
Around 40% of 26,000 people asked about the housing market by web portal Rightmove predict prices will not change much in the next 12 months – and the answer has stayed the same for seven quarters in a row. Continue reading Homes are still too expensive, even with falling prices
Estate agents have more houses to sell than they have had available for more than eight months.
Firms across the country are reporting a surge of homeowners wanting to sell – but homes are sticking on the market because they are reluctant to decrease selling prices and buyers are still finding mortgages hard to find. Continue reading More sellers but same old housing market problems hit sales
Burnley may wear the crown as the cheapest place in England and Wales to buy a home – but a look behind the glitzy title reveals sinister reasons why.
The Lancashire town with a population of around 80,000 boasts four out of five of the cheapest streets; according to property web site Mouseprice. Continue reading Why Burnley has the cheapest house prices in England