Tuesday, 11 May 2010

Residential development land values in England rise by the strongest rate since 2005


According to the Knight Frank Residential Development Land Index, Q1 2010 results:

"Average residential land prices in England rose by 11.5% in the 12 months to the end of March 2010, the strongest rate of growth since the first quarter of 2005..."

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Lenders, surveyors & landlords call for bold action to build new rented housing sector

According to the British Property Federation:

"A group representing the countrys major landlords, property investors, mortgage lenders and surveyors is calling on the next gov to alter the tax system to encourage large scale house building from institutions, such as pension funds & insurance companies..."


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RICS: Housing market still picking up, say surveyors

According to the April 2010 RICS Housing Market Survey:

"The net price balance increased from +9 to +17, indicating a greater number of surveyors witnessed an increase in house prices over the last three months..."


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Friday, 7 May 2010

Industry experts comment on the first hung parliament for decades

David Cameron's Conservatives win the most seats in the general election - but not enough to secure an overall majority:

"
A hung parliament doesn't have to mean the end of life as we know it..."

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Personal insolvencies remain high

The first quarter statistics published today by the Insolvency Service show:

"There were 35,682 individual insolvencies in England and Wales in the first quarter of 2010. This was an increase of 17.9% on the same period a year ago..."

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Budget deficit will continue to drive up cost of mortgage lending

The AMI has released its latest Quarterly Economic Bulletin looking at the economy, housing and mortgage markets:

"
Gross mortgage lending will be around £150bn for 2010, slightly ahead of the £143bn managed in 2009, but still far below the £363m peak in 2007..."

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House prices up 6.6% on 2009, say Halifax

The latest results from the Halifax House Price Index reveal:

"House prices in April were 6.6% higher on an annual basis,
this was the largest increase in the annual rate of change..."

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