The Bank of England keep the interest rate at a record low of 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 8 October voted to maintain Bank Rate at 0.5%. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5% on 5 March 2009. Rates have been at 0.5% since March 2009, with the market expecting a small rise early next year. There has been lots of speculation over when the Bank will start to raise rates again. An increase is expected some time in the new year, although some think it could be later this year as the Bank may not want to raise rates close to a general election, scheduled for May 2015. "Overall, our central case still sees the Monetary Policy Committee raising rates next month, not least because we struggle to envisage the committee either beginning to tighten in the first few months of next year, so close to Mays general election, or waiting until...
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Mortgage Cuts in Britains Future

Growing concerns over the state of the UK’s property market have led to a number of large institutions putting plans in place that would see a curb on the amount of high level mortgage lending being offered to consumers. Mark Carney, Governor of the Bank of England, was recently quoted as saying, “… recovery [of the housing market outside London] is fragile and … it’s important we don’t disrupt this recovery.” He went on to point out high LTI mortgages as being one of the biggest risks to the health of the UK property market.
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How do I generate space and light and create an impact in my two bedroom box house?

It’s really important to invest in the fundamentals of the house. Many people think immediately of the ‘cosmetic’ aspects of kitchens and bathrooms, but the most important thing, despite what an estate agent will tell you, is quality of space. The quality of space comes, principally, from a sense of generosity, simplicity, and light.
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Free tickets to The National Homebuilding & Renovating Show

Just Do Property have negotiated some free tickets to The Home Building Show for our subscribers. Click here to apply for free tickets.
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Free tickets to The Home Improvement Show

Just Do Property have managed to negotiate FREE tickets for some of our Just Do Property subscribers. Click on the link below to apply for free tickets. (standard tickets are £12 if booked before 3pm (with £1.75 transaction fee) on 26 March 2014 or £17 on the door (children under 16 go free)
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Tokyo leads luxury residential market slowdown

The average price of luxury homes in the world’s key cities fell by 0.4% in the first quarter of 2013 although the annual rate remained positive at 3.6%. Kate Everett-Allen, International Residential Research, examines the latest index results:   Prime property prices fell on average by 0.4% in the first quarter of 2013   Prime prices across the 29 cities tracked by the index increased by 3.6% in the year to March 2013   Cities in Europe remain the weakest performers, recording a fall of 2.3% on average   Jakarta (up 38.1%) was the strongest performing prime residential market   Tokyo (down 17.9%) was the weakest performing prime residential market in the last 12 months From Knight Frank’s Prime Global Cities Index Q1 2013 
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Lending to Individuals is Up but still behind the norm

According to the Bank of Englands Lending to Individuals statistics, announced today, the total lending has risen by £1.4 billion in March.
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Do the Land Registry Figures show London is losing ground?

The Land Registrys March HPI has just been released this week and shows a small fall in the average house price - in reality just demonstrating a flat market.
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RICS Survey shows continued upward trend

The RICS House Price Balance Survey for March shows a continual upwards trend towards a stabilisation in house prices, with the net price balance for March up from -13 to -10.
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Free tickets to A Place in the Sun Live for Just Do Property readers

Just Do Property have negotiated free tickets to a Place in the Sun Live for our subscribers.
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The Positive News is Still Negative for House Prices

[caption id="attachment_2572" align="alignright" width="264" caption="Regional divergance with london persits!"][/caption] The RICS Housing Survey for March shows that although the headline price balance has improved again, there are still quite a few negative points to note: headline price balance remains negative, meaning more surveyors are seeing falling rather than rising house prices new enquires fall modestly regional differences with the prices in London continues to increase, with London prices rising. The seasonally adjusted net house price balance was -23%, meaning that 23% more surveyors saying prices falling that saw prices rising. However regionally the pricture was at extremes with London and Scotland, with a net house price balance of 21% and 13% respectively. All the regions of England and Wales reported negative balances, the worst being East Midlands, West Midlands and Yorkshire & Humberside (-54, -48, -48 respectively). For more information read the full RICS press release here.
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Halifax continues to see static!

[caption id="" align="alignright" width="348"] Halifax continues to see static![/caption] The Halifax House Price Index, now reported by Lloyds Banking group, shows a continued static average house price with a tiny 0.1% increase in March over February. This places the average house price across the UK at £162,912. The best measure of HPI trends however is the quarterly change and this continues to show prices falling at a modest rate overall. This is the fourth quarterly fall in a row. Commenting, housing economist Martin Ellis said: "Our forecast remains for a 2% decrease in house prices in 2011 as a whole. Uncertainty over the general economic outlook and individual financial circumstances are likely to constrain housing demand, resulting in some modest downward pressure on prices." The Halifax also states how house sales are showing some sign of stabilising, but the volume of mortgages approved is still at a low level. However some...
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Nationwide, Prices on the Up??

The first of the House Price Indices (HPI) is now out from Nationwide and headline figures report that overall things are on the up. Monthly change is at 0.5% which last months figures being amended so that there was actually a 0.7% increase. The 3 month on 3 month figure, which is more stable shows an increase of 0.6%. Overall yearly change is 0.1% - not as strong but positive. So when looking graph of the HPI we can see that in 2011 we do indeed have some good upwards movement. [caption id="" align="aligncenter" width="474" caption="Nationwide HPI March 2011"][/caption] Yet Nationwide do not see this as a sign of any strong up turn in prices, which uncertainty in the overall economy and interest rates still keeping prices stable. The average house price now stands at £164,751. Commenting on the figures, Robert Gardner,Nationwides Chief Economist, said: While demand is likely to remain...
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