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26th February 2010 Issue #66
Here we are with this week’s property news round-up - there’s plenty happening in the market this week. According to Nationwide, UK house prices have fallen for the first time in 10 months but the building society states it’s too early to say if this is the start of a sustained drop. On the flip slide home ownership falls to its lowest level in nearly 20 years while the rental sector booms with an increase of more than one million people renting from a private landlord during the past few years.
According to a new report, home buyers and sellers need an alternative to traditional estate agents to shake up the sector and ensure better value, and in the mortgage arena, Skipton Building Society may face a legal challenge over its plans to raise its standard variable rate mortgage for 64,000 borrowers.
And on a lighter note this week – the urban architects that are making the most out of petite properties and why you should always be cautious if something is being sold for less than its value – sadly this couple weren’t and their clifftop garden ended up in the sea just six days after paying £150,000 for a sea view property!
UK house prices fell for the first time in 10 months in February, according to Nationwide, though the building society said it was too early to know whether it was the start of a sustained drop.
Telegraph, 26/02/10
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Home ownership has plunged to its lowest level for nearly two decades, official figures revealed yesterday.
Daily Mail, 26/02/10
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The number of people renting a home from a private landlord has increased by more than one million during the past few years, Government figures showed today.
Telegraph, 23/02/10
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Home buyers and sellers urgently need an alternative to traditional estate agents to shake up the sector and ensure better value, according to a new report.
Property Wire, 23/02/10
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Skipton Building Society may face a legal challenge over its plans to raise its standard variable rate mortgage for 64,000 borrowers.
Telegraph, 22/02/10
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Britain has long had the smallest homes in Europe, but now two urban architects are using clean lines and glass divides to bring light to dark corners.
Independent, 24/02/10
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A homeowner who splashed out £150,000 on a clifftop house suffered a property crash just days later - when the bottom of the garden collapsed in a massive rock fall.
Daily Mail, 24/02/10
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