Latest Property News

• Empty rates could cause long term instability to commercial property markets
  

  Published 27th Apr 2009

  Empty Property Rates (EPR) are paving the way for future instability in non-residential property markets as property owners are increasingly turning to demolition to avoid paying the rates whilst cutting back on future investment, according to the results of RICS and Lambert Smith Hampton’s Empty Property Rates Survey, published today (Tuesday 21st April 2009)

• Christmas sale for Northern Rock as potential buyers gather
  

  Published 27th Apr 2009

  State-owned Northern Rock could be sold off by Christmas, much earlier than previously expected, as the Treasury rushes through plans to bolster government finances

• House market hopes as sales jump 40% in March
  

  Published 22nd Apr 2009

  Hopes of a revival in the UK property market were given a fresh boost today as official figures showed that home sales jumped 40 per cent last month

• Halifax council tax offer signals return of incentives for borrowers
  

  Published 18th Apr 2009

  Halifax is resurrecting the practice of offering large incentives to entice mortgage customers, the first time that has been done since the credit crunch hit two years ago

• Barclays to put up the cost of fixed-rate mortgages
  

  Published 17th Apr 2009

  Barclays is set to increase the cost of fixed-rate mortgages despite the Bank of England leaving interest rates unchanged this month

• Nine building societies have credit ratings downgraded
  

  Published 16th Apr 2009

  Nine of Britain’s biggest building societies, including Nationwide, have had their credit ratings downgraded in anticipation of further pain to come in the UK housing market

• Property sales come to life as hopes rise for end to falling prices
  

  Published 15th Apr 2009

  Homebuyers are out in force and property sales have begun to rise, according to new figures