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Will the UK property market be even more depressed in 2012 than it was in 2011?Commentators and analysts expect sales to stay low – perhaps even lower than they have been in the past year. And prices are expected by most observers to fall a little – though some predict larger drops of up to 10% [...] 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 [...] Mortgage lenders have raised concerns about potential changes to the way support is given to those struggling to pay their mortgage.The government is reviewing the Support for Mortgage Interest Scheme, where homeowners who lose their jobs may receive financial help. It says the programme, which costs £400 million a year, is unsustainable. The Support for Mortgage Interest [...] Activity in the UK construction sector slowed to “near stagnation” in September, a closely-watched survey has suggested.The Markit/Cips construction purchasing managers’ index (PMI) fell to 50.1, just fractionally above the 50 “no-change” threshold that separates expansion from contraction. In August, the index had read 52.6. Markit said fewer new orders was the reason behind the slowdown, but [...] Economic uncertainty and a lack of mortgage lending led to the sluggish housing market, the Royal Institution of Chartered Surveyors (Rics) said.Fourteen homes were sold per UK estate agent in the three months to August – the lowest total for more than two years, a survey has found. More surveyors reported price falls than price [...] Household budgets could be squeezed for the next 10 years as the impact of tax rises and cuts is felt, the Institute for Fiscal Studies (IFS) has warned.Its survey suggests families have seen the biggest fall in living standards in 30 years in the last financial year. It warned those on lowest incomes were likely to [...] House prices fell slightly in August with values expected to stay the same or drift modesty lower for the rest of 2011 Nationwide says.The building society said that property prices were 0.6% lower in August than in July, and 0.4% down on the same month a year ago. The typical home now costs £165,914, the lender [...] Low interest rates have kept the level of UK mortgage arrears and home repossessions steady according to the Council of Mortgage Lenders (CML).A total of 9,000 homes were repossessed in the second quarter of the year – 100 fewer than in the previous three months, the CML said. The CML has predicted that a total of [...] 60 repossession hotspots are revealed in a report by housing charity Shelter.Corby in the east Midlands is named the place with the highest proportion of homeowners at serious risk of losing the roof over their head. Shelter said the worst blackspot for repossessions was in Corby, which had the highest rate of “at risk” homeowners – [...] The average house price rose in the 10 most prosperous areas by 219% Homeowners in the 10 areas with highest growth rates in [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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