Summary of the Government's new Housing Strategy Initiatives
On 21st November 2011 the Coalition government published its new housing strategy:- Laying the Foundations: a housing strategy for England.
So what new initiatives does the new strategy offer that will meet their claims?
READ THE SUMMARY HERE
Wednesday, 30 November 2011
Tuesday, 29 November 2011
What's the Latest News on New Builds?
What's the Latest News on New Builds?
With the government just setting out its latest housing strategy, NHBC's figures on new builds show the number of homes registered in the public sector was just 1,887 in October this year, 17 per cent lower than September (2,266) and compared with October 2010, there has been a 41 per cent drop.
Although year to date figures are up, the latest October figures suggest that although the new coalition government are trying to build more homes, to date, their policy of scrapping housing targets and shaving £4 billion off the house building budget the reverse has happened.
READ the lastest on New Builds
With the government just setting out its latest housing strategy, NHBC's figures on new builds show the number of homes registered in the public sector was just 1,887 in October this year, 17 per cent lower than September (2,266) and compared with October 2010, there has been a 41 per cent drop.
Although year to date figures are up, the latest October figures suggest that although the new coalition government are trying to build more homes, to date, their policy of scrapping housing targets and shaving £4 billion off the house building budget the reverse has happened.
READ the lastest on New Builds
Monday, 21 November 2011
How will the Eurozone crisis affect the Market?
The Eurozone Crisis
There are some predictions that the current Eurozone financial crisis could wipe 10% off property prices in the UK, according to Taylor Wimpey. However, the real answer to how the crisis will affect you comes down to what problems the Eurozone will cause the UK.
The result of a continued Eurozone crisis is twofold for the UK. Firstly, should countries such as Greece and Italy ‘default' then this is likely to cause another credit crunch. The impact this will have is mainly on the provision of lending, as happened in 2007/8 when many mortgages were pulled and stringent criteria such as needing a 40% deposit to buy a home or have as equity to access reasonable mortgage deals. So a continuing crisis in the Eurozone is likely to make it tougher to secure mortgage lending, especially for the likes of first time buyers who have smaller deposits.
FULL ARTICLE CONTINUES HERE
There are some predictions that the current Eurozone financial crisis could wipe 10% off property prices in the UK, according to Taylor Wimpey. However, the real answer to how the crisis will affect you comes down to what problems the Eurozone will cause the UK.
The result of a continued Eurozone crisis is twofold for the UK. Firstly, should countries such as Greece and Italy ‘default' then this is likely to cause another credit crunch. The impact this will have is mainly on the provision of lending, as happened in 2007/8 when many mortgages were pulled and stringent criteria such as needing a 40% deposit to buy a home or have as equity to access reasonable mortgage deals. So a continuing crisis in the Eurozone is likely to make it tougher to secure mortgage lending, especially for the likes of first time buyers who have smaller deposits.
FULL ARTICLE CONTINUES HERE
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