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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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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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Are Ikea homes a solution to the FTB crises
Questions: are Ikea homes a solution to the FTB crises? If not, what is? Will it be easy to get a mortgage on them?
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David Bexon, Managing Director, SmartNewHomes.com responds to the Housing and Regeneration Bill, referred to in the Queen’s speech today:
“It was reassuring to hear that the Government remains committed to the provision of available and affordable housing. However, I fear that the instruction of yet another new Government agency is not the answer.
“I am concerned that the proposed Homes and Community Agency, which has been set up to deliver more social and affordable housing and promote regeneration will simply prove another Government body that will have little impact on the increased level of housing our country so desperately needs.
“What we need to see from Government now is action, immediate steps that will make a real difference. The Government proposes its new agency will make better use of surplus public sector land and maximise the potential for brownfield developments but words are no longer enough. Without immediate action and a surge in new homes the Government seriously runs the risk of a national housing disaster, where a lack of supply results in unachievable house prices which push homeownership out of the reach of all but the extremely wealthy.”
See Also: Press Releases (379)
Date Published: 06 November 2007
