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 Comment on the Government’s announced ‘rescue package'
David Bexon, Managing Director of SmartNewHomes.com, comments on the Government’s announced ‘rescue package’, including a new £300m shared equity scheme from Communities and Local Government (CLG):
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Developers align prices to meet buyer expectations
SmartNewHomes.com has recorded a second consecutive monthly fall in new home prices in July, as developers continue to reduce prices to meet buyer expectations in a bid to entice further activity in the market.
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Ludicrous decision to hold interest rates
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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Time for a bargain in new homes market
Prospective new home buyers have responded to current market conditions with the realisation that now is an excellent time to secure a bargain, reports SmartNewHomes.com.
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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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David Bexon, Managing Director of SmartNewHomes.com, comments on recent speculation that the Prime Minister is considering suspending stamp duty, in an attempt to rescue the economy:
“If it is true, scrapping stamp duty over the short term is likely to entice a surge of buyers back to the market, keen to save what could potentially be £1,000s off the value of their next purchase.
“However, while this is likely to increase activity in what is currently a struggling market, we need to see this action coupled with the freeing up of mortgage finance if it is to prove a real success.”
See Also: Press Releases (379)
Date Published: 05 August 2008
