Housing round up: Demand for property rises, but so do mortgage interest rates

Housing & mortgage round upIn a relatively quiet week for housing news new figures have shown that demand for housing has risen, as has the number of properties coming onto the market. At the same time mortgage interest rates seem to be on the rise. Demand for housing hits highest level for two years The end of the Stamp Duty holiday for first time buyers seems to behind a rise in new enquiries. Figures from the Royal Institution of Charted Surveyors (Rics) show that ...

Mixed signals for the housing market

Mixed signals for the housing marketDespite mortgage approvals reaching a 15 month high new data points to a sluggish housing market with estate agents concerned about house prices falling over the coming months. A new survey by the Royal Institute of Chartered Surveyors (Rics) found that estate agents sold on average just 14 properties each in the three months to August. This is the lowest total for two years and according to Rics was mainly due to lack of mortgage lending and a sluggish economy. The report ...

Housing market still flat

Two new surveys have shown that the housing market remains flat with house prices falling in some areas, a third survey has shown that mortgage lending remains stagnant. Rics figures The latest housing survey from the Royal Institute of Chartered Surveyors (Rics), which is made up from data submitted by its’ members, has shown house prices fell slightly in June with the number of sales rising only slightly. The survey also found that the number of enquiries from house buyers was unchanged, although the number of properties put on the market for sale fell slightly. Alan Collett of Rics said: "With continued uncertainty over ...