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There is no sign of the UK property market picking up in the coming months, the Royal Institution of Chartered Surveyors (Rics) has said.Its latest monthly survey says some sellers are still asking too much for their properties, while some potential buyers cannot raise a mortgage. As a result, surveyors expect the level of sales to [...] Home buyers will find it even harder to obtain a mortgage in the coming months the Bank of England warns.Its quarterly survey of lending activity shows that lenders are going to be even fussier about prospective customers. “Lenders expected a tightening of credit scoring criteria for granting new secured loans to households,” the Bank said. It said [...] UK house prices remained relatively unchanged in 2011 and more of the same is to be expected said the Nationwide Building Society.The building society said that the average home rose in value by 1% in 2011, but fell by 0.2% in December compared with the previous month. The economic climate was likely to lead to a [...] The number of first time buyers has fallen to its lowest since records began in 1974.Around 187,000 people became first time buyers in 2011, which was 7pc fewer than the preceding year and less than half the recent peak of 402,800 seen in 2006. The figure from Halifax, the lowest recorded since it started tracking the [...] Property sales hit their highest monthly level of the year so far in November figures from HM Revenue and Customs (HMRC) have shown.There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the number of sales in the first 11 months of the year [...] A growing proportion of surveyors and estate agents believe that economic uncertainty is holding back housing market activity.This was considered to be a bigger reason than the availability of mortgages and worries about house price falls, the Royal Institution of Chartered Surveyors (Rics) said. However, the latest Rics survey shows a slight rise in buyer demand [...] The London property market has seen a huge increase in global capital flight- as it is seen by many as a safe haven during the eurozone credit crunch.On the high end of this scale of capital investment is the commercial property market. Since 2008, London has been the most traded real estate market in the world [...] Homebuilder Berkeley has seen a strong rise in profits to £101 million for the six months to the end of October.This was 64% up on the same period last year, but included a £30 million windfall due to the sale of Berkeley’s share in a project for Imperial College in London. The firm confirmed strong demand [...] Housing market activity will improve in 2013 after a stagnant few years according to forecasts from the Office for Budget Responsibility (OBR).It said there would be a 20% rise in transactions in 2013/ 14, compared with the previous year. The OBR also predicted that house prices would rise at levels above inflation from the same year, [...] First time buyers will no longer receive an exemption from stamp duty from March 2012 as the government says the relief is “ineffective”.Documents with Chancellor George Osborne’s Autumn Statement reveal the view that the tax relief failed to get more people on the property ladder. The temporary exemption meant first time buyers were free from the [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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