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Posted in General May 31st, 2010 by Kenny | No comments
The market has seen the first fall since the dramatic falls of 2008, with a 0.4% decrease in the last month alone, while there has been a 5.7% rise on average over the last year. The good news is that with number of properties for sale rising the long process of recovery has started in earnest, stability for the market lies in more sales and a gradually rising price with inflation rather than unsustainable gains.
Realism is entering the property market, the average UK price is £237,134, up by 2.4% than this time last year. Hopefully with the busy summer season coming up the demand for housing that has been building up, with the market place now providing a much greater choice of properties it is hoped that the average price will rise steadily.
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Posted in General May 24th, 2010 by Kenny | No comments
Well its been nice, I’m sure anyone with a mortgage will have enjoyed the mortgage rate staying at 0.5% for what seems like years (14 months ijn fact) but can the Bank Of England keep this rate for too much longer! The rate cannot stay that low forever and many fear that the rate will rise during hard times caused rising VAT and income tax rates. Banks have had to cut their cloth, and staff, and wont accept the status quo forever, looking ahead there will never be a very good time for a rise.
The average price of an English property has risen for the fourth month in a row to £219,704 with large increases in number of properties for sale and asking prices, it seems slow and steady is the name of the game for growth in 2010. Scotland is the only region of the UK which has seen the rising number of properties cause the average sale price to fall, with the biggest rises in the South of England at 1.1% overall.
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Posted in General May 17th, 2010 by Kenny | No comments
Well its over, for now. The election 2010 style showed we dont really know whats going to happen. We cant even decide what we want! Enough people wanted the status quo to keep David Cameron on the sidelines for the moment, Nick Clegg will have a casting vote even though he got a record low number of votes.
No matter which party forms a government it looks like the strong leadership and 4/5 year vision that could have turned round property crisis from one of the two main parties has gone, meaning we will get a fudge and compromise that will suit few people if any. The recent slowdown in the recovery and fall in some areas for property prices makes the next 6 months crucial. Watching the election TV debates its clear that the 3 parties have little common ground could we expect anything positive from a compromise between two parties?
Most people will be hardly bothered about proportional representation if they have a real danger of losing their house and who ever gets in should sort out the financial situation first and move onto less pressing issues like the environment etc.
I was also amused to see that local councils were suprised by the numbers of voters and many falied to vote in time, do they not get a list and exact number of voters and budget for that number? Or did the people simply leave it too late to vote? If you walked in at 5 to ten and was a big line waiting its your own fault really!! Or did the local councils budget for the usual number, doing the minimum amount of work they could get away with?
Posted in General May 10th, 2010 by Kenny | No comments
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Posted in General May 3rd, 2010 by Kenny | No comments