Lack of new properties could trouble recovery

Article Abstract:

New homes are still extremely popular with house purchasers in the UK, according to estate agents. However, there is a shortage of new homes, and this could prompt potential purchasers to abandon plans for moving house. The recovery in the housing market is still very weak, even though house prices have been rising since late 1995. It appears that many vendors are planning not to put their house on the market before prices rise much higher.

Analysis, House buying, Home buying

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Homeowners find way out of negative equity plight

Article Abstract:

There were 1.2 million households in negative equity in the UK in the first quarter of 1995, down by 600,000 from the peak of the first quarter of 1993. There has also been a fall in the average negative equity, which is now at 4,700 pounds sterling. Many home buyers are overcoming negative equity problems by overpaying on their mortgages to cut the size of their loans.

Finance, Housing

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Figures indicate difficult second half for builders

Article Abstract:

The UK's housebuilders are likely to face difficult market conditions in the second half of 1995. Prices for new houses seem to be falling, and fewer potential purchasers are visting sites. In the period Apr-Jun 1995, 43,500 applications were made to start new homes, down by 12% from the year-earlier period.

Construction industry, Forecasts and trends

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