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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 [...] 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 [...] 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 [...] 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 [...] UK house prices have remained “surprisingly resilient” in recent months with values rising again in November- the Nationwide has found.It said the average home rose in value by 0.4% in November to £165,798. This was a 1.6% year on year increase, according to the figures based on Nationwide’s own mortgage data. Meanwhile, the number of mortgages [...] Money to extend a council tax freeze in England to 2012-13 has been unveiled by Chancellor George Osborne.The government cannot force councils to freeze bills but it is offering to give those that limit spending rises to 2.5% the money they need. Money would also be offered to the Scottish and Welsh administrations, which will choose [...] Flat owners’ complaints about service charges have risen by 46% in two years to 7,600, figures show.They queried the amount they were being asked to pay for maintenance and repairs, the Leasehold Advisory Service for England and Wales said. In some cases flat-owners have been asked for payments of tens of thousands of pounds by those [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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