Estate Agents Are Selling Only One House a Week… if Lucky!

UK house sales are now at their lowest since 1978.
Estate agents sold only 10 houses on average in the last 3 months despite the Bank of England rate cuts, according to RICS. New mortgage approvals have been as lower in over a decade, if not lower.
After all no one can blame a lack [...]

Renting is Better Option as Housing Market not be trusted, says Radio 2 DJ

The BBC presenter, Janey Lee Grace and her husband sold their house and invested the proceeds in property. They regret the idea now – despite the fact that the area they invested in was considered up and . Now they have sold the house and renting it.
Some may think this to be strange but obviously [...]

Falling Housing Market – Even Experienced Landlords Are Heading for an Exit

Continuing turmoil in housing market is causing many professional landlords to think through their carefully laid out strategies. Many landlords are even bowing out because they can not see how property prices can continue to rise in medium term. Even the government bail outs may not be as effective as once thought, as some experts [...]

US $700bn Bail Out of Housing Market – Will It Save the World From Recession?

It started in the USA. The US government is trying its best to solve this – by pumping lots of money in. But is it working?
The credit crunch around the world has its origins in the US housing market bubble. Those house prices are on a downward spiral. This is causing people to see [...]

Housing Market is Full of Doom and Gloom… But Don’t Believe in Everything You Read

There is no denying the fact that property prices are in a free fall right now. So this is clearly a wrong time to buy. Because only a fool will want to to buy a property at a price while he could buy a similar property in the same area for a lot less next [...]

Home Owners Facing £50 per month Higher Mortgages

HSBC, Woolwich – which is part of Barclays – and Yorkshire Building Society have raised their mortgage rats by 0.5%. The new rates will be applicable on some of their most competitive rates. In other words, if they had cheapest rates to compete for business with competitors, those rates are no longer available.
In the [...]

Government Says that Britons Are Continuing to Spend More!

Office for National Statistics (ONS) said today that people spent more this August than last.
This data doe snot make sense to me. How about you?
Did YOU spent more last month than you may have last year, given these are credit crunching times?
Logic says that in the face of falling house prices and rising inflation, [...]

Are We Using Property as Gambling Chip?

Is Britain obsessed with property? Are far too many people using property as gambling chip for their future prosperity? Should government stop ’socialising the losses’ in property prices and let the prices fall to sensible levels where more people can afford their own pad?
You may have your own views on the above. But that is [...]

Property sales plunge to one house a week – Times Online

UK property market is in dire straits – it is official. Estate agents are struggling to find buyers interested in houses. This is because the fear of plunging market has driven the buyers out of the market completely, it seems. Lenders will provide loans to those brave enough to do the transaction but only if [...]

Is Credit Crunch Affecting Those Planning For Retirement?

A large number of people want to move abroad to retire. However in a recent article in the Daily Telegraph, Mark Bodega, director at HiFX says that the number of people who are actually able to do so is nowhere near the demand.
To resonate the above, John Payne from Anglo Pacific, an international removals company, [...]