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15th January 2010, Issue #60
While last week’s news was preoccupied with looking to the future, this week there’s a look back to the ‘dip’ at the end of what was a rollercoaster 2009 for the property market – but the good news is, things are back on the up!
Barratt Developments has reported a 43% increase in forward sales, mortgage repayments have hit a 13 year low and banks are finally starting to ease their lending restrictions with a 7% jump in the amount of mortgages available. Elsewhere however, worrying research highlights some are resorting to desperate measures to make their mortgage repayments.
Finally, a bit of light relief as we look from the sublime – how you could become the owner of a (crumbling) country pile, to the ridiculous – a beach hut without the door is tipped to sell for over £40k. The views must be spectacular!
Although house sales suffered a slight seasonal dip in December, for the seventh consecutive month chartered surveyors have noted an increase of new instructions.
Property Wire, 12/01/2010
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Barratt Developments have reported a 4% rise in average selling prices to £167,000 over the past six months.
The Telegraph, 14/01/2010
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According to figures release yesterday from the Council of Mortgage Lenders, mortgage repayments for homeowners hit a 13-year low during November 2009.
The Independent, 14/01/2010
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Banks appear to be easing their lending restrictions with a 7% jump in the number of mortgages available since the start of 2010.
propertytalklive, 12/01/2010
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Housing charity Shelter has expressed concern that 1 million households paid their rent or mortgage with a credit card last year – is this an ongoing trend?
The Guardian, 11/01/2010
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Repossessions are tipped to rise by 10% this year, and as lenders are forced to sell country homes at knock-down prices, you could pick up a manor house for less than you bargained for.
The Mail, 11/01/2010
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A bargain beach hut goes on sale in a lovely seaside town in Suffolk.
The Telegraph, 13/01/2010
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