 Related News
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 New appointment strengthens SmartNewHomes.com team
SmartNewHomes.com has expanded its sales team with the appointment of Julia Price as New Business Manager. Julia has joined the team from estate agency, Reeds Rains where she was a Lettings Co-ordinator and was also responsible for overseeing sales negotiations within her branch.
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Comments On The First Time Buyer Review By Halifax
David Bexon, Managing Director, SmartNewHomes.com, comments on the
First Time Buyer Review by Halifax:
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New homes market finishes 2007 on a positive note
Despite current market turbulence, the new homes market is finishing 2007 on a positive note, with monthly price increases returning to those previously experienced in the spring.
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Penthouses defy market gloom
According to the SmartNewHomes.com monthly index, the average price of a new home is up 0.7% on last month. This is the first rise since July this year with the average house price at £258,760, up 0.7% on the same time last year.
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SmartNewHomes.com market predictions for 2008
SNAPSHOT:
· Interest rates will drop by 0.50% over the course of the year
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November 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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David Bexon, Managing Director of SmartNewHomes.com, comments on this month’s decision from the Bank of England’s Monetary Policy Committee (MPC) to reduce interest rates to 5.5%:
“Today’s decision to finally reduce interest rates will be well received by all homeowners and the industry alike, restoring confidence to both existing homeowners and first time buyers. This is the first in what I hope will become a series of interest rate cuts ahead in the first quarter of 2008. The MPC cannot afford to sit back – the job is not yet done.
“While inflation is seemingly under control, first time buyers have needed further reassurance to commit to their first property, now this is here and the hope of a second reduction in the New Year will improve consumer confidence and bring buyers back to the market.”
See Also: Press Releases (371)
Date Published: 06 December 2007
