UK First time buyers are finding it hard enought to get onto the property ladder to to high prices of UK property, but now (rightly or wrongly) banks are now reducing mortgage options. The 10% deposit mortgages have shrank by 97% during the last two years with only 102 different
Not exactly a suprise is it? House prices will continue to fall until they get to nearer where they should be. Credit has tightened up, no longer can you get 10 x your salary to purchase an over inflated priced property, it’s now getting to near 4 x your salary so house prices have to [...]
With such a volatile world wide economy that is likely to shuddering upon the weakest of rumours, is Swine Flu another potential dagger in the heart for a recovery?
I am seeing increasing cases of Swine Flu globally including a rising number of cases in th UK. Will this lead to further down falls in the [...]
It is now being tossed about all over, the UK economy is in recession and that property in the UK is falling in value and it is a lottery to know as to when these figures will continue to tumble. Reading alot of other blogs and media editorials on the internet it is generally accepted [...]
The NHF (National Housing Federation) are giving out figures showing that new build homes in England are set to slump by 50% on last years figures.They state they only expect around 70,000 homes to be built during 2009 – 2010, that being only half the 140,000 properties that will be built this year. These figures [...]
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Figures show that some 11,300 more homes were repossessed in the third quarter of this year and that is a 13% increase on the previous quarter. This figure is definately set to get worse as the economic situation of the UK worsens. This years figures show that around 19,000 homes were repossessed in the first [...]
Selling property was once such a simply thing…. house prices were rising, demand was high, all it took was a £2,000 quid TV home make over style cash injection in your property and you could charge £10,000 more. You re-mortgaged and kitted your home up with all the latest electronical goods, flat screen TV’s, american [...]
What will this do to the Eurozone economy? Germany, along with Italy can officially say that they are in recession and it is predicted that Spain will have to admit to the same failures aswell as France. Let’s not forget that Germany is the largest economy in Europe so this could have a large impact [...]