Archive for the ‘Economic Situation’ Category
August 22nd, 2013
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The number of new tenancies agreed across England is up 22% on just a year ago, and up 20% in the capital.

Tenancy demand is up by 17% across the country, but in London it is up by just 5%. Read more…

August 15th, 2013
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The ‘bank of mum and dad’ is collectively helping its children to get on the property ladder to the tune of £2 billion a year, a housing charity has revealed.

On average, parents are contributing around £17,000 to help first-time buyers raise the typical 28,000 deposit needed. This equates to £2 billion added to the UK housing market each year says Shelter. Read more…

August 6th, 2013
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Households in every region across the UK are confident that the value of their home will rise over the next 12 months according to the latest Knight Frank / Markit confidence report.

Of the 1,500 home owners surveyed across the UK, 19.8% said that the value of their home had risen – a record high – while just 6.3% indicated that the value had fallen. Read more…

August 1st, 2013
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The number of first time homebuyers has risen to the highest level in five and a half years according to latest figures, indicating further recovery in the housing market.

The latest figures from the Council of Mortgage Lenders (CML) shows that 25,100 loans were handed out in May to people looking to take their first steps on the property.
Read more…

Author: Categories: Economic Situation, General, Mortgages Tags:
July 25th, 2013
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Lower income families in Britain are finding as much as a third of the UK “off-limits” when it comes to renting, according to a report by the Resolution Foundation.

The report also criticised the government’s  Help to Buy scheme – designed to kick start the housing market – suggesting that it does little to meet the needs of low-to-middle income families who are increasingly force to rent privately. Read more…

July 23rd, 2013
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A prominent analyst has predicted that the UK is to see an economic recovery built on rising house prices.

Trevor Greetham, director of asset allocation at Fidelity Worldwide, has cited the government’s Help to Buy scheme as the decisive factor behind increasing demand for houses, which is now believed at its highest level since 2010. Read more…

July 18th, 2013
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The average UK household costs around £29,000 a year to run according to new figures from the ONS Family Spending Report.

The report estimates that the UK will spend an average of £1,802,000 throughout the course of their lifetime on running and maintaining a household. It also details how spending costs fluctuate over time, with annual costs peaking at £45,000 when the head of the household is aged between 30 and 49. Read more…

Author: Categories: Economic Situation, General, Home Insurance Tags: