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This week the Communities Secretary, Eric Pickles officially abolished regional house building quotas. Originally set by Labour in response to the shortage of homes, it has proved unpopular and so instead, the new Government will provide direct incentives to communities to encourage them to support the construction of new homes.
In other news, a survey conducted by a property website has determined the lack of mortgage availability is one of the key problems facing the housing market recovery, with more than a third of respondents citing this as the biggest ongoing threat.
And finally, it’s the largest piece of land to come on the market in England and Wales in living history. Indeed, the estate in Powys is a mammoth 23,315 acres – twice the size of Manhattan in fact. The land features 14 farms, 31 cottages and its very own reservoir. Perfect. Now that’ll just be £11 million please!
Councils will be offered financial incentives to build more houses as the Government abolishes centrally imposed quotas.
Daily Telegraph, 06/07/10
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Property prices fell for the third month in a row during June as the housing market recovery showed further signs of faltering.
The Independent, 08/07/10
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According to a survey by property website zoopla.co.uk, the ongoing lack of mortgage availability could pose a threat to the housing market recovery.
Homemove, 07/07/10
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With the UK set to follow in the footsteps of its European neighbours and become a nation of renters, Email4Property.co.uk reports that current demand for rental property is far outstripping supply.
Property Talk Live, 05/07/10
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The number of homeowners with properties in Britain worth more than £1million has soared to 132,000, research reveals today.
Daily Mail, 08/07/10
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A cellar for your favourite wines is now as desirable as a walk-in wardrobe, says Zoe Dare Hall.
Daily Telegraph, 05/07/10
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For someone seeking to get away from it all, it's probably the perfect location. The views are spectacular, the tranquillity unparalleled - and neighbours are unlikely to be a problem. The garden's rather big though. It's about twice the size of Manhattan.
Daily Mail, 06/07/10
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