Interest rate rise displeases agents

Article Abstract:

UK interest rates were raised in Feb 1995, which is likely to have an impact on those connected to the UK real estate industry, including the construction industry and mortgage lenders. Real estate agents are seeking measures to help the industry and promote the purchase of homes. Measures sought include an abandonment of changes reducing tax benefits to mortgage holders, and increased tax benefits for people buying their first homes. Rates of interest for mortgages may not be raised in line with the Feb 1995 rise.

Residential Buildings, Residential Building Construction, Residential construction, Interest rates, Mortgages

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Something to smile about

Article Abstract:

The county of Cheshire, England, offers a number of attractions for property developers. It has three major conurbations on its borders, the M6 motorway passes through it and its inhabitants have relatively high per capita spending levels. Limewood, property development division of Greenall Whitley, is developing Daresbury Park, one of the largest office parks in Cheshire, while projects being undertaken in the county by St Modwen Properties include Crewe Hall Enterprise Park.

Cheshire, England

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'Boom and bust' property cycles

Article Abstract:

The property industry is extremely susceptible to cyclical developments, with property cycles generally following an irregular path. The most recent property cycle has been characterised by a very severe downturn, reflecting the speculative nature of the property boom in the 1980s. Property cycles are inevitable, but latest analytical techniques at least make it easier to predict future market behaviour.

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