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19th February 2010 Issue #65
Welcome to this week’s property news round-up. There’s a bit of a mixed bag going on this week with mortgage lending taking a dive as the stamp duty holiday ends and estate agents are making headlines after regulation has been ruled out following an OFT enquiry.
On the property front, although UK property prices are higher than a year ago due to the January ‘surge’, experts are warning that a second mortgage credit crunch will hit next January when lenders are due to start repaying the £319bn borrowed from the Government in the original crisis. And renters are feeling the squeeze with 60 per cent of them stating they’re priced out of the buying market.
Elsewhere, if you’ve always dreamt of living like a king, now’s your chance as King Edward VII’s royal bolt-hole is for sale at the price of £2.5m.
Mortgage lending dived to a 10-year low during January as the housing market suffered a lull following the end of the Government's stamp duty holiday, figures showed today.
Independent, 18/02/10
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• Complaints against estate agents fell only 3%
• Housing market transactions dropped 60%
Guardian, 18/02/10
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The Tories claim they will scrap Home Information Packs, and trade bodies say house sales are being jeopardised by vendors refusing to provide them. Graham Norwood wonders if they can survive.
Guardian, 14/02/10
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Residential property asking prices in the UK surged in January by an astonishing 3.2% but experts warn the boom cannot continue.
Property Wire, 16/02/10
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A second mortgage credit crunch that will send UK house prices into a new tailspin is looming, economists and credit experts have warned.
Telegraph, 16/02/10
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Six out of 10 people claim they are trapped in rented accommodation.
Telegraph, 18/02/10
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A royal holiday home where King Edward VII and his mistress stayed was put up for sale yesterday for £2.5 million.
Telegraph, 18/02/10
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