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Monday, December 29
US consumer confidence at low with record fall in house prices
by
Jet-to-Let Magazine
on Mon 29 Dec 2008 17:24 GMT
American house prices fell by their fastest rate on record last month amid deep pessimism over the economy and the expectation of the worst Christmas shopping figures for 40 years. The data reveal that the world's biggest economy shows no sign of recovery. This will increase pressure on Barack Obama, ... more » Sunday, December 28
After the pain, America prepares to bounce back
by
Jet-to-Let Magazine
on Sun 28 Dec 2008 17:20 GMT
We Americans can now fill the capacious tanks of our 4x4s at almost half the price that prevailed a few months ago. The interest rate on mortgages is lower than it has been in almost four decades, so applications are soaring to levels not seen in five years. The unemployment ... more » Saturday, December 27
Mortgage supply is key to continuing house price decline
by
Jet-to-Let Magazine
on Sat 27 Dec 2008 16:07 GMT
To date, the property market downturn has been the most palpable effect of the recession for the majority of households. There will be no respite in the new year, with rising unemployment causing more homeowners to fall into arrears. The numbers behind with their repayments may rise from 210,000 to ... more » Tuesday, December 23
Lending Levels Will Increase In 2009
by
Jet-to-Let Magazine
on Tue 23 Dec 2008 15:58 GMT
The 2009 housing market forecast from Assetz predicts that although there will be some moderate house price falls in the first half of the year, the second half will see the property market start to bottom out. Sales activity is also expected to pick up in the latter half of ... more » Friday, December 19
More first time buyers entering the market
by
Jet-to-Let Magazine
on Fri 19 Dec 2008 15:56 GMT
House prices across the UK plummeted in November, according to the monthly market report from the National Association of Estate Agents (NAEA). However amongst the gloomy figures revealed by the survey there were glimmers of hope, as for the third month in a row the percentage of first time buyers ... more » Wednesday, December 17
Nationwide in 95% mortgage market
by
Jet-to-Let Magazine
on Wed 17 Dec 2008 15:51 GMT
Nationwide has launched a new mortgage for existing borrowers who have just 5 per cent equity in their homes. The lender is the first to re-enter the high loan-to-value market following a mass withdrawal by mortgage providers earlier this year as property prices started to fall. Nationwide’s new deal is, ... more » Tuesday, December 16
Will 2008 be a watershed for the buy-to-let sector?
by
Jet-to-Let Magazine
on Tue 16 Dec 2008 15:46 GMT
By any measure 2008 has been a grim year for most people who invested in the housing market. The freezing up of credit has sent property prices tumbling, and made it virtually impossible to get a decent buy-to-let mortgage without a deposit of at least 25pc. And while rents initially ... more » Monday, December 15
Dominic Farrell: Investors Who Dare In 2009 Will Win
by
Jet-to-Let Magazine
on Mon 15 Dec 2008 17:58 GMT
Dear Investor
Since the last newsletter we completed three days of staff training and development in Germany and also managed to squeeze in a very enjoyable staff Christmas dinner on the River Mosel. The flight home was ‘interesting’ with a fire in one of the engines starting with a loud ... more »
New housing starts at lowest level since 1924
by
Jet-to-Let Magazine
on Mon 15 Dec 2008 15:42 GMT
Homebuilding in Britain has fallen to a 84-year low as falling house prices and dwindling numbers of buyers hit construction firms, a new report shows. Some 135,000 private houses were started this year, down from 203,500 last year, figures from the Construction Products Association and Ernst & Young show. It ... more » Friday, December 12
When will the UK property market recover?
by
Jet-to-Let Magazine
on Fri 12 Dec 2008 15:38 GMT
This year has been one that most home-owners would rather forget. Price falls, currently wiping about £80 off the average property each day, show no sign of abating and will continue well into next year. So say the forecasters, many of whom were caught out by the steeper than anticipated ... more » Wednesday, December 10
Mortgage lenders seek greater clarity as the lending slump continues
by
Jet-to-Let Magazine
on Wed 10 Dec 2008 15:27 GMT
There were 39,900 house purchase loans in October, worth £5.5 billion, according to new data from the Council of Mortgage Lenders. This was an increase of 14% in volume and 10% in value from September, but an annual decline of 52% in volume and 57% in value. The rise in ... more » Tuesday, December 9
Mortgages issued for house purchases rise for first time in six months
by
Jet-to-Let Magazine
on Tue 09 Dec 2008 15:13 GMT
The number of loans for house purchase - issued to first-time buyers and home movers - rose to 39,900 in October, up 4,900 on the previous month. And the number of remortgages rose to 70,000 in October, up 8,000 on the previous month, according to the Council of Mortgage Lenders.... more » Monday, December 8
CML may drop house price forecast
by
Jet-to-Let Magazine
on Mon 08 Dec 2008 15:09 GMT
The Council of Mortgage Lenders (CML) said that it may abandon its annual house price forecast due to the market downturn. The trade body, which is currently finalising its forecasts for 2009, said it was considering not predicting what would happen to house prices during the year because of the ... more » |
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