‘Real Estate’ News
More House Buyers Advancing their Plans
Posted 2008-01-12
One in ten people thinking of buying a house have brought their plans forward, a survey says. The report by fool.co.uk said that of the people currently planning to buy property, 38 per cent want to do it in 2008 and 34 per cent are planning to do it in 2009. David Kuo, personal finance boss at Fool.co.uk, said: “The long-overdue correction in the property market will allow many people who have been waiting to move house to finally realise their dream. “Often people ask how much they can borrow when they want to buy, but they should be asking themselves how much they can afford to repay.” The report also suggests that over the next five years for every four people trying to buy a house five will be trying to sell. Fool.co.uk is a company trying to get people to change the way they look at money issues. ...
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House Purchases Could be Hit by Environmental Issues
Posted 2008-01-11
The arrival of the Energy Performance Certificate could mean environmental issues affect house purchases, experts warn. The Home Builders Federation (HBF) said the new scheme will raise issues such as energy efficiency levels and insulation. John Slaughter, the federation’s external affairs director, said: “I think we have to assume the certificate will have some influence on perceptions of purchases. “Obviously, if you go back to the point about hiking energy prices at the moment, then people will always take more notice of those things in that climate.” He also said the certificate had benefits as it will “actually raise awareness of the benefits of good levels of energy efficiency and insulation would – not just in terms of running costs but in comfort of the house.” The government is trying to encourage greener homes through its ”Building a Greener Future” policy, offering stamp duty exemptions for carbon-neutral homes. ...
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Boom in Northern Ireland House Prices Cooling
Posted 2007-12-22
A year of massive growth for house prices in Northern Ireland appears to be cooling off, experts say. The Royal Institute of Chartered Surveyors (RICS) said sales will pick up in 2008, but warned sellers will have to be more realistic about their house prices. Tom McClelland, housing spokesman for RICS Northern Ireland, said: “The market changed considerably during the course of 2007 and the new reality is a market where agents have to work harder to achieve sales and sellers have to be more realistic.” He also said first time buyers “could benefit from the change in the market” as there is “less competition for properties in the sector of the market within their price range.” At the end of 2007 Northern Ireland had the fastest average house price growth in the UK at a massive £150 a day, or 24.2 per cent. ...