 Related News
|
 February 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 5.25%:
|
Easy living at The Embankment
THE ANTICIPATION is almost over as hosing provider Derwent Living prepares to open its show flat at The Embankment – Nottingham’s most modern and original new affordable housing scheme.
|
New homes in London are cheaper than a year ago
In spite of a 9% rise in London’s new home prices at the end of last year, the average price is £18,000 lower than a year ago. According to the SmartNewHomes.com monthly index, the average price of a new home in London in December was £420,983 a 4.1% drop for the same month in 2006.
|
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%:
|
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.
|
Comments On The First Time Buyer Review By Halifax
David Bexon, Managing Director, SmartNewHomes.com, comments on the
First Time Buyer Review by Halifax:
|
|
|
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%.
London showed the strongest price growth in December with prices up 17.5% over the last three months with an average price of £420,983, suggesting resilience to any market turbulence over the last four months. However, the average price of a new home is down 0.3% on last month.
Elsewhere, outside of London, the south west has seen the strongest price growth on this time last year with new home prices up 9% overall, ending on an average price of £273,479.
David Bexon, Managing Director of SmartNewHomes.com said: “While we might be heading for a period of stabilisation, there is no denying that East Anglia and Wales have been outperforming other areas and playing catch up with more expensive regions.
“Inward migration into these areas has been strong proving that it is popular with commuters and second home buyers, with migration levels at 1% in both areas where prices are still more affordable than London property.”
See Also: Press Releases (379)
Date Published: 24 January 2008
