UK property market news

The place where you can read the latest UK news about property sales and estate agency market and to find links toward the popular property related blogs.

Nine years salary to buy a property in UKBulgaria has the least affordable property for its domestic citizens in the European Union, according to new research. Although the eastern European country has some of the lowest prices on the continent - with an average property costing just ??54,570 - low average earnings mean property remains expensive, according to property search engine Properazzi. This compares to an average of just nine years in the UK.aboutproperty.co.uk

UK Housing Market Remains Relatively RobustThe U.K. housing market remains in good shape despite turmoil in financial markets, Bank of England Monetary Policy Committee Member Kate Barker said Thursday. Property Web site Rightmove last week said by mid-September, house prices had fallen 2.6% from their mid-August levels. That was the first monthly fall since December 2006.money.cnn.com

What is happening with UK house prices?HousePriceDebate.co.uk has recorded record visits over the past 3 weeks since it's launch. It seems that housing market commentators are whipping up quite a storm. With uncertainty surrounding the property market and doubt over the future of house prices homeowners, it would seem, are on a mission to find some answers. Latest reports suggest that there is a 10% chance of a house price crash in the UK. Some say the hype is unfounded as our economy is in good shape with a stable outlook for the future.landlordexpert.co.uk

Where is the property market heading?THE PANIC at Northern Rock is over, thanks to the Government?’s pledge on Monday to guarantee all funds in the bank?’s savings accounts. But the difficulties that the bank has faced are an indication of how keenly the effects of a crisis that began in the US are being felt over here.property.timesonline.co.uk

Market slowdown still preferred to crashProperty experts trying to predict the likelihood of a sharp decline in UK house prices are now juggling data from the property and mortgage sectors alongside major events in the banking industry. While the Northern Rock crisis will have undoubtedly reduced confidence in the housing market, there seems to be a consensus that it is unlikely to trigger a crash in the market, which was showing signs of a slowdown before the bank?’s predicament hit the headlines.financemarkets.co.uk

Top UK Estate Agency Insists That Overseas Property is CheckedHunters Property Group whose credentials include winning the prestigious Sunday Times SME top 100 companies to work for awards is one of the first UK estate agencies to adopt International Developers Information Packs or IDIP. Hunters Property Group will now have all off plan overseas developments that they promote undergo the legal health checks before they reach their clients.homesgofast.com

Estate agents 'going online'Homebuyers' preference for using the internet when finding new property could shift business away from the high street, a survey has found. A poll by HotProperty.co.uk found that although three-quarters of agents thought that high street premises were still in demand, many believed they would be phased out in the next ten to 20 years.news.realestatetv.tv