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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 [...] Growth in the UK building sector fell back in November after a surprise gain in October new research suggests.The Markit/Cips Construction Purchasing Managers Index, which is based on a monthly survey of building firms, fell to 52.3, down from 53.9 in October. A value above 50 indicates growth. November saw a rise in new contracts and [...] Average UK house prices fell by 0.7% in September according to official figures from the Department for Communities and Local Government (DCLG).The fall took the average UK house price to £207,326. Prices were 1.4% lower from a year ago. London was the only region where house prices had risen, with prices up by 2.8% in the [...] Activity in the UK housing market showed some signs of picking up in October, according to the latest poll of surveyors.Sales and new buyer inquiries edged up compared with the previous month, the Royal Institution of Chartered Surveyors (Rics) said. One theory from the industry was that sellers were becoming more realistic about pricing homes. However, the [...] HM Revenue and Customs (HMRC) says it is chasing unpaid tax of £35 million amid tax planning and “mitigation” schemes being offered on the internet.Dozens of websites are now advertising deals, for a fee, claiming there is a loophole in the law. But HMRC is pursuing tax avoiders and law firms have issued warnings. Homebuyers are legally [...] House prices have continued to drop sharply in some regions of England and Wales – but still rose in London an official a survey has found.The Land Registry data offers evidence of the varying nature of the market in different areas of the country. In London, prices rose by 0.3% in September compared with August, and [...] UK house builder Bellway has reported a 50% jump in annual pre-tax profits to £67.2 million during a year in which it said the market had “stabilised”.Higher sales, better margins and tighter cost control were behind the improvement, with turnover in the year to 31 July up 15% to £886.1 million. Houses sold by the Newcastle [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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