Interest rate rises to HIGHEST since 2009…what does this mean for the housing market?

A positive set of economic data, which in particular reflects a healthy labour market with unemployment at its lowest level for 42 years and the number of positions vacant at a record high, together with inflation stubbornly sat at 2.4 per cent for the last couple of months, pushed the Bank to move the rate upwards towards more normalised levels. Mr Haldane notably recommended last month that the interest rate should increase. Whilst the Bank Rate held in June, the unanimous vote amongst the Monetary Policy Commission (MPC) this month…

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Stephen Hawking’s old flat goes on the market for £665,000

He moved out eight years before his death on March 14 of this year after a long battle with motor neurone disease. Hawking was diagnosed with the condition in 1963 when he was 21 and he defied medical experts who said he would be dead within two years. He was the first to move into the newly-marketed property in Pinehurst South, Cambridge, when it was built in 1990. The famed scientist set up home there with his nurse after leaving his wife and mother of his three children, Jane. The…

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House prices UK: Market flatlines as house price growth stutters in June

Halifax, one of the UK’s biggest lenders, reported in their monthly index that house prices in the three months to June were 1.8 per cent higher than the same period a year earlier, and slightly below the 1.9 per cent growth seen in May. Overall, property prices grew by 0.3 per cent last month to hit an average value of £225,654. This slightly more positive result follows a shaky second quarter overall for the UK property market, when prices were 0.7 per cent lower between April and June than the…

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halifax report: UK property market ‘subdued’ with falling house prices | Property | Life & Style

GETTY The property market slowed in April, in London, the South East and South West The report, released this morning, contains the results of the monthly questionnaire issued by RICS to its members and indicates that the market slowed in April, not just in London and the South East as was the case previously, but now in other parts of the country such as the South West, which has seen property prices fall on average for the first time since May 2013.   However, other parts of the UK, such as…

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House market: Modular homes could be the future of the British construction industry | Property | Life & Style

It also wants councils to set their own design quality standards and use virtual reality technology to win round communities and end “not in my backyard” attitudes. It certainly looks like factory-built modular homes could be the future for the British construction industry, which is experiencing a slow but steady growth in the number of companies delivering pre-built modular housing. Newly launched ILKE Homes aims to deliver 2,000 precision-engineered modular houses and low-rise flats to the UK market every year after recently setting up a factory in Harrogate, Yorkshire. Its…

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