UK's housing industry 'will soon be healthy again'

07-Oct-2009

The UK's housing market will soon recover from the economic downturn, it has been suggested, in news that may be of interest to first-time buyers.

James Wrightson, marketing manager at iammoving.com, the online address changing service, said the improvements in the south of England bode well for the rest of the country.

He was responding to research recently conducted by Savils for the Sunday Times, which showed property prices have increased by 9.7 per cent since March this year in Hampshire.

Meanwhile, areas including Berkshire, Essex, west Sussex, Cambridgeshire and Kent also witnessed house value rises.

Mr Wrightson said: "New life appears to be stirring in the surrounding home counties which is ever a good sign that slowly and surely Britain as a whole will be healthy again."

He went on to say that one of the main issues impeding the market is consumer confidence, adding those who can afford the risk should "most definitely be pushing a little harder" to buy a property.

This could potentially include those who have been given parental help in acquiring a deposit.

Primelocation.com reported recently that London homes asking prices increased by 1.4 per cent in August.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

HSBC 'increases funds for first-time buyer mortgages'
More action needed to boost first-time buyer mortgages
New 100% mortgage 'encouraging for first-time buyers'

2012: Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar