Results tagged “property market”

ARE we becoming too obsessed with a property as an investment, rather than as a home?

The credit crunch has heavily impacted the current market and estate agents fear it is also spreading doubt among “emotional� buyers closing in on their perfect home.

The AVERAGE homebuyer put down a 22 per cent deposit in June, up from 20 per cent in May, according to new figures from the Council of Mortgage Lenders.

The majority of lending continues to be on conservative terms, as lending criteria have tightened in response to the shortage of funding and current market conditions.

NEARLY two per cent has been wiped off the value of houses in England and Wales since last year.

Gloomy news from Chesterton’s House Price Poll of Polls reports that the average price of a house in England and Wales has dropped from £193,819 to £190,977 between July 2007 and 2008.

A GOVERNMENT agency has warned UK housing associations could be "significantly exposed" to turmoil in the housing market after carrying out a survey of the country’s top 100 developers.

A report, published by the Housing Corporation on work done last month, concludes: “The emergence of serious problems in international credit markets over the past year, combined with the slowdown in the UK residential property market, means that housing associations are facing challenging times.

The property market across the UK is facing significant challenges – but central London is buoyant.

Members of the National Association of Estate Agents (NAEA) reported the property market is “dull� as recent monthly figures show external pressures are causing buyers to be prudent.

They said the number of house buyers on books, houses available and percentage of first-time buyers decreased throughout February.