 Related News
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 East Anglia and Wales compete with London for end of year price growth
East Anglia and Wales have shown steady growth across the new homes market to end the year on a positive note, according to the SmartNewHomes.com monthly index. East Anglia, due to its good commuter links saw prices rise at 2.6% and Wales due to its popularity for second homes saw a price rise of 3.1%.
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January 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 5.5%:
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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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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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December 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 reduce interest rates to 5.5%:
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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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David Bexon, Managing Director, SmartNewHomes.com, comments on the
First Time Buyer Review by Halifax:
“This latest report highlights once again the increasing pressures faced by first-time buyers across the UK, as they continue to get priced out of the market.
“A survey conducted on our own website, SmartNewHomes.com, concluded that many first time buyers are now being forced to wait until they are in their thirties to own their own home, with the majority citing financial reasons almost entirely for pushing properties out of their reach – reinforcing Halifax’s findings.
“What we need now from the Government is some action – proactive steps aimed at helping this vulnerable group onto the property ladder. Putting down a 20% deposit, more than full-time average earnings of £28,590 in 2007 is simply not a realistic option for many first time buyers combined with the high cost of stamp duty.
“SmartNewHomes.com has launched a campaign, calling on Government to scrap stamp duty for first-time buyers – a move we believe could prove instrumental in assisting this group of aspiring home owners onto the housing ladder.”
See Also: Press Releases (413)
Date Published: 22 December 2007
