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Practical steps needed to kick start housing market
David Bexon, Managing Director of SmartNewHomes.com:
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South East proves robust as new homes continue to show strength
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Gardens are blooming easier with a new home
Outdoor space is proving an increasingly important factor for today’s homebuyers, with 74%* of people stating that they would not even consider purchasing a property that didn’t have a garden.
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Getting the product right in the current market is essential, says SmartNewHomes.com
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April 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 cut interest rates to 5.0%:
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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 hold interest rates at 5%:
“Today’s decision to hold interest rates at 5% is disappointing given current market sentiment. Not only do we need to see another cut in rates, but we need to see lenders taking up the Bank of England’s liquidity offering to get lending moving.
“A number of buyers are still willing and able to buy but they are being restrained by the shrinking number of mortgage products now being offered by overly cautious lenders. Housebuilders want to sell houses and buyers want to buy, now it’s up to the lenders to play their part to get the housing market moving again.”
See Also: Press Releases (371)
Date Published: 08 May 2008
