Housing groups lobby for huge surge in building
Housing groups lead by Shelter are lobbying the government to build its way out of recession by building 100 thousand new affordable homes over the next to years.
This will be music to the ears of many first time buyers and could possible stimulate the property market. But mortgages need to be more accessible if the economy is to benefit from extra billions of pounds of property investment.
The property market fall-off has led to a £78.7m pre-tax loss for Bovis, one the UK's biggest house builders. Compared with a £123.6m profit the previous year. Citing the problems on "declining mortgage finance availability and poor economic conditions, allied with low consumer confidence" - (source BBC)
This will be music to the ears of many first time buyers and could possible stimulate the property market. But mortgages need to be more accessible if the economy is to benefit from extra billions of pounds of property investment.
The property market fall-off has led to a £78.7m pre-tax loss for Bovis, one the UK's biggest house builders. Compared with a £123.6m profit the previous year. Citing the problems on "declining mortgage finance availability and poor economic conditions, allied with low consumer confidence" - (source BBC)
posted by The Editor
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Land earmarked for housing devlopment has halved in value since the height of the boom, according to new research from Knight Frank, the estate agents - Daily Mail 04/04/09
Darling's budget boost for first time buyersThis years 2009 budget is set to include a £1bn 'gap funding' plan for stalled housebuilding projects as the government attempts to build its way out of recession.
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