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 Yet another new government agency, yet another let down for the property industry
David Bexon, Managing Director, SmartNewHomes.com responds to the Housing and Regeneration Bill, referred to in the Queen’s speech today:
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September Interest Rate Statement
David Bexon, Managing Director of SmartNewHomes.com, comments on this month’s decision from the Bank of England’s Monetary Policy Committee (MPC) to hold interest rates at 5.75%:
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First Time Buyers set to benefit from slow sales
According to the SmartNewHomes.com monthly index, the average price of a new home is down 0.9% on last month. Prices have dropped for the third consecutive month, with the average new home price at £257,036, down 1.2% in the last three months.
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Second pre-budget report comment
David Bexon, Managing Director, SmartNewHomes.com, comments on today’s pre-budget report:
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Pre-budget report comment
David Bexon, Managing Director, SmartNewHomes.com, comments ahead of the pre-budget report:
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October Interest Rate Statement
David Bexon, Managing Director of SmartNewHomes.com, comments on this month’s decision from the Bank of England’s Monetary Policy Committee (MPC) to hold interest rates at 5.75%:
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Questions: are Ikea homes a solution to the FTB crises? If not, what is? Will it be easy to get a mortgage on them?
David Bexon, Managing Director, SmartNewHomes.com, comments:
“I congratulate Ikea on their innovative design and their efforts to ease the plight of first time buyers. While the ‘flat pack’ Ikea home will not single-handedly ease the pain of homeownership for this struggling group, it offers an affordable solution for many putting their first step onto the housing ladder. Ikea’s brand values are well positioned with their first time buyer target market and the product offers a new, affordable and novel house buying experience.
“I wouldn’t anticipate any particular problems for first time buyers obtaining a mortgage for an Ikea home, with a range of specialist lenders currently in the mix. However, with the recent credit crunch, lenders are taking a more cautious approach.
“However, while Ikea offers an affordable solution for some, the scrapping of stamp duty for first time buyers, something we have been campaigning for, for some time would offer a more widespread and immediate relief for want-to-be homeowners, across the country.”
See Also: Press Releases (371)
Date Published: 10 October 2007
