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Friday, 15 April 2011 10:43 |
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Communities Secretary Eric Pickles has laid out plans to allow vacant offices to be turned into new homes. Beyond the inherited economic conditions the Government believes one of the key barriers to increasing housing supply is the lack of land and buildings available for residential development or conversion.
Housebuilding hit a record low of 129 000 new homes last year, the lowest level in any peacetime year since 1924. The Government says only 2.8 per cent came from office conversions. This, it says, is at odds with the latest commercial vacancy rate of 7-9 per cent, which suggests there is an oversupply of commercial land.
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Read more... [Empty offices to housing plan]
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Tuesday, 01 February 2011 11:21 |
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After the usual end of year slow down, 2011 has started at a pace, taking many by surprise. I was certainly expecting a slow start but at a recent National Home Network meeting nearly all the agents from South of Bristol to Plymouth were reporting very brisk business in the first two weeks of January. It is true to say that coastal tourist destinations may take a little longer to catch up, but even here demand is far greater than expected.
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Read more... [A Promising Start to 2011]
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Friday, 26 November 2010 12:38 |
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As we speed towards the Christmas festivities, there are fewer viewings taking place, although those viewing are serious buyers.
It is generally the second home market that is holding up, especially properties with water views. Above Town, South Town and Mount Boone are just three of the areas that are generating interest. My agency has agreed two sales on Above Town over the past few weeks, both properties around the half million pound mark and having wonderful river views.
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Read more... [A Prosperous 2011?]
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Friday, 22 October 2010 12:38 |
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It is now the day after the Spending Review announcement, the sun is shining and the Food Festival is in full swing. Nothing affects the property market quite like uncertainty and we have had plenty of that this year.
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Read more... [Hope for a more settled period]
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Saturday, 15 May 2010 18:28 |
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At the time of writing the Bank of England has announced that it is maintaining the Bank Base Rate at 0.5% and The Halifax House Price Index for April 2010 shows that UK house prices fell by 0.1% from March to April. This backs up the general confidence in the market that we have seen this year confirming that interests rates are staying at record low levels and that house prices are stable. |
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Read more... [Bank of England Helps Property Market]
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