Jun
28 Housing market receives boost due to scrapping of HIPs
The 2010 RICS Housing Market Survey headline net price balance for May
increased from +19 to +22.
This is it's best level since January, buyer interest also continued to
increase during the month. The new enquiries net balance edged up from
+9 to +10. More significantly, the abolition of HIPs has resulted in a
sharp increase in new instructions, with the net balance jumping from
+11 to +21. This trend should also continue in the near future.
In response to a specific question, 73% of surveyors said that they
expected the decision on HIPs to lead to a much higher level of new
instructions with the increase in supply anticipated to be around 15%.
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Jun
14 Highest stock levels since Jan 08 due to increased seller confidence
According to FindaProperty.com the number of properties for sale in the
UK has risen for the fifth month in a row, with stock levels now 145%
higher than in January 2008.
Their research also shows that the scrapping of HIPs and worries over
changes to Capital Gains Tax have convinced would be sellers to market
their properties. Despite the increase in the number of property for
sale, prices have also risen in June. The average home in the UK is now
priced at £220,308, up 0.3% when compared to May (£219,748).
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Jun
02 Housing market gets boost with the removal of HIPs
The latest Agency Express Property Activity Index shows a massive boost
for the UK housing market last month with the abolition of Home
Information Packs (HIPs) which contributed to a significant increase in
housing activity.
Ther was a 13.6% increase in the number of homes being put up 'For Sale'
in May which was up a massive 89.4% on April 2009's level. It's the
highest level seen for more than two years (since April 2008).
The number of properties Sold also increased in May by 8.6% on April and
17.0% up on May 2009. May's sales were the third highest monthly level
since April 2008.
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Economy
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