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Welcome to this week’s property news round-up, as always there’s plenty of diverse news around – ahead of the general election estate agents are warning that the housing market is on hold as buyers and sellers adopt a “wait and see” approach.
There’s a focus on first-time buyers stating that they’re still struggling to get onto the property ladder due to unaffordable house prices and a call to the Government to do more to increase affordability – research shows that only one in four people planning to buy a home during the coming year are first-time buyers.
Elsewhere though, statistics state that housing affordability is at its highest level since 2003 and that people who are able to get mortgages are benefiting from the lowest interest rates in six years. And, to the crazy end of the property market, what do you think you could buy for £20,000 on Ebay? Why a Cold War nuclear bunker of course!
The housing market is on hold as home buyers and sellers adopt a “wait and see” approach in the run up to the general election, estate agents have warned.
The Telegraph, 9/03/2010
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First-time buyers are still struggling to get on the property ladder as house prices remain unaffordable, it has been claimed.
About Property, 11/03/2010
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Only one in four people planning to buy a home during the coming year are first-time buyers, research showed today.
The Telegraph, 09/03/2010
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Housing affordability has remained at a seven-year high, despite the cost of property rising during 2009, research has showed.
The Telegraph, 11/03/2010
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Homeowners who are able to secure a new mortgage are benefiting from the lowest interest rates in more than six years, Bank of England figures show.
Your Mortgage, 10/03/2010
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From next month, the Government will pay for home-grown electricity – so installing solar panels won't just ease your eco-guilt, but make real financial sense. Jonathan Christie sheds light on a real green money-spinner.
The Independent, 10/03/2010
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The underground bunker in Derbyshire's Peak District went on sale on the online auction site with a starting price of £500, but was sold for £20,600 after more than 40 bids.
The Telegraph, 09/03/2010
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