Average selling price drops by £4,000 – Rightmove
Homeowners are selling their properties at over £4,000 less than last month, Rightmove’s house price index has revealed, as the effects of the tightening housing market continue to ripple through.
Research identifies key criteria for ecotowns success
New research into European ecotowns launched today (July 17) may help inform the UK government’s own ecotown agenda, three industry companies have claimed.
Wolseley announces profit fall and job losses
Wolseley has reported a profit drop of 35% and will cut staff in its UK and Ireland branches.
Flint’s latest market measures still inadequate – Baseley
Housing minister Caroline Flint has announced a further series of measures to stimulate the ailing housing market, including a new “home buy to rent” shared equity initiative and a pledge that the funding allocated to allow the social sector to buy up unsold private stock – with £200 million initially committed – will not be capped.
RICS market survey show sales at 30-year low
The latest housing market survey from the Royal Institution of Chartered Surveyors (RICS) shows that home sales have fallen to their lowest level since the survey began 30 years ago. Estate agents reportedly sold only 15 properties a month, on average, during the three months to June 30.
Wolseley expected to announce job losses
Wolseley is set to join a string housebuilders as it announces UK job losses on Wednesday (July 16) in its trading update, according to reports.
Industry bands together for new Construction Council
The CBI has announced that it will set up a Construction Council to bring all sectors of the industry together.
House prices 6.1% lower than last year says Halifax
House prices are now 6.1% lower than last year, according to Halifax’s house price index.
Barratt agrees new debt deal and sheds 1,200 staff
Barratt Developments has reached a new deal with its funders giving it longer to pay off £400 million of its total £1.7 billion debt, and is to make 1,200 staff redundant in a bid to slash overheads.
Bank of England holds rates at 5.0%
Interest rates have been held at 5.0% as the Bank of England’s monetary policy committe (MPC) works to balance inflationary pressures with the major downturn in the housing market and other parts of the economy.
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