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 Weekend Property Sections - 20th July 2008
Weekend round up of headlines.
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Comment on Caroline Flint – ‘Action today, innovation for tomorrow’
David Bexon, Managing Director of SmartNewHomes.com, comments on today’s announcements from Housing Minister, Caroline Flint – ‘Action today, innovation for tomorrow’:
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July 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 5.0%:
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Housebuilders welcome recommendations for new build regulation
David Bexon, Managing Director of SmartNewHomes.com, responds to the Carsberg Review of Residential Property, which calls for developers and builders to be subject to a regulatory scheme, which will protect consumers buying new build homes:
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New homes come out on top as first time buyers remain confident
First time buyers are preparing to enter the new homes market with confidence, reports SmartNewHomes.com, which has revealed high perceptions of affordability, and large numbers willing to go it alone in pursuit of their first home purchase, in spite of growing negativity in the financial markets.
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Practical steps needed to kick start housing market
David Bexon, Managing Director of SmartNewHomes.com:
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A return to form for the UK’s historically best performing regions has led to a third consecutive rise in monthly new home prices, reports SmartNewHomes.com, which recorded positive price growth in London and the South East in May.
Over the past two months, the South East has accounted for the vast majority of all new homes being marketed in the UK (27% in May), and the high demand has been matched by steady monthly price rises here. However, London led the way for new home price rises in May, up 7.5% on April and up 9.5% annually since May 2007.
Apartments were the strongest performing property type in May across the country, making up over 53% of all new homes for sale and recording their first monthly price increase for 2008 (up 0.9% since April).
David Bexon, Managing Director of SmartNewHomes.com, said:
“There are still people out there looking for a new home and developers have been working hard to entice and assist these buyers in today’s market.
“While sales are clearly down on last year, they have not dried up. However, what we need to see now is lenders relaxing their criteria across the board to really assist these buyers back into the market.
“The performance of apartments in May should come as positive news to the market generally, as these homes have presented one of the biggest challenges for developers in recent months. They remain the most frequently sold homes across many regions, and continued demand coupled with a correction in supply in key areas of the country has seen prices begin to rise this month.”
See Also: Press Releases (371)
Date Published: 19 June 2008
