Industry News - Residential - Cut interest rates and suspend stamp duty, NAEA says

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05/01/2009
Lack of rent insurance "a gamble"
It has been claimed that landlords who do not take out rent insurance are taking a risk.

05/01/2009
UK commercial property saw 'record fall' last year
The FTSE 350 Real Estate Index reportedly fell 46 per cent last year, the most since the index began.

05/01/2009
Phones4u founder 'gambles on commercial property'
John Caudwell, the tycoon and founder of retailer Phones4u, is reportedly investing heavily in the commercial property sector.

02/01/2009
Divorcing couples 'increasingly battling over pets'
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31/12/2008
KPMG: Insolvencies to hit record highs next year
Accountancy firm KPMG has predicted that in 2009, the number of people declared to be insolvent will reach record levels.

Industry News

19/11/2008
Cut interest rates and suspend stamp duty, NAEA says

The National Association of Estate Agents (NAEA) is calling for the government and lenders to show some bravery to boost the residential property market.

A suspension of stamp study and further interest rate cuts are two ways that the government can match consumer bravery, which has seen asking prices slashed by sellers, the association said.

The NAEA claimed 54 per cent of estate agents "do not have confidence" in the government's current policies.

Chris Brown, president of the NAEA, said sellers are beginning to understand the economic situation and are acting accordingly.

As a result he is calling for "a further cut in interest rates next month, coupled with a clear commitment from the major lenders to pass any cut on to consumers and a suspension of stamp duty" in the Pre-Budget Report.

Meanwhile the Federation of Master Builders is asking for the state to reform stamp duty to make it a graduated tax. ADNFCR-1805-ID-18883633-ADNFCR

24/12/2008
House price sales 'could climb 10% next year'
The Royal Institution of Chartered Surveyors (Rics) has suggested that the decline in transaction activity may have finally reached rock bottom.

22/12/2008
Shared-equity schemes 'lower risks all round'
It has been claimed that shared-equity shames make it easier for all parties.

18/12/2008
Percentage of first-time buyers increasing, NAEA says
The National Association of Estate Agents (NAEA) has revealed that the percentage of first-time buyers in the housing market has climbed for the third month in a row.

15/12/2008
House prices will decline by 10% next year, Rightmove says
Rightmove has forecast that house prices will fall by a further ten per cent in 2009.

11/12/2008
SW19: Cheaper to buy than rent in 2009
Next year more people will find it more affordable to buy a property than to rent, according to sales and letting agency SW19.

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