As banks in the UK are curbing the process of lending to the investors, property prices are dipping further downwards in the UK commercial sector. In fact, analysts have predicted that the prices can fall down by 25%. Moody’s Investor Services have stated that the UK sector is expected to do more poorly than both …
Category Archives: Property Finance
Property developers in the UK beginning to raise prices
In a recent report a UK property investment company, Assetz, said that the residential property market is in a tight spot considering how the distress housing sale prices have risen. The company said that while some house builders were renegotiating with their banking covenants so that they could sell houses at prices below the build …
Less Buyers and Sold Properties Says National Homebuyers
Figures from the National Association of Estate Agents (NAEA) show that FTBs’ market share fell from 11.7 per cent in February to just 8.3 per cent in March. In addition, the number of properties sold also slipped from eight sales per agent in February to just seven per agent last month. It is bad news …
House Prices Fall at Record Low
The latest housing market survey from the Royal Institution of Chartered Surveyors (RICS) shows that house prices fell to an all-time historical low in March, as the effects of the global credit crisis continue to have a damaging impact on the UK property market. The survey showed that 78.5% more chartered surveyors reported a fall …
Mortgage Approvals Decreased in March
March 2008 has been an extremely bleak month for mortgage lending with mortgage approvals declining considerably, according to the latest data from the British Bankers Association. The major mortgage lenders reported that March has been the lowest month for all forms of mortgage approvals since September 2000. House purchase approvals were the lowest since September …