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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 [...] 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 [...] UK unemployment fell by 17,000 in the three months to the end of February to 2.48 million- the first drop since last autumn official figures show. Unemployment among 16 to 24-year-olds stood at 963,000, with the jobless rate for [...] UK economic growth- the main driver for property prices- will be slower over the next three months than previously predicted, according to a forecast from the OECD think tank. This [...] Higher inflation and weaker employment prospects will lead to a fragile economic recovery, the Centre for Economics and Business Research (CEBR) suggests. The CEBR calculated that UK house prices rose by 6.4% in 2010 compared with 2009. However, regions [...] Last week the Bank of England’s Monetary Policy Committee (MPC) voted to keep interest rates on hold with no increase in Quantitative Easing.But re-mortgager asks with rising unemployment and government cutbacks- should more be done to stimulate the economy? Quantitative Easing (QE) is the Bank’s policy of putting new money into the financial system to try [...] The number of homes repossessed in the UK fell by 7.5% in the first three months of 2010, according to lenders. Figures show that the number of homes repossessed dropped from 10,600 in the last three months of 2009 to 9,800 in the first quarter of 2010. UK unemployment rose in February to over 2.5 million- the highest level in more than 15 years. The number of people out of work increased by 43,000 between December and February, according to the Office for National Statistics. The number of “inactive” people in the economy, classed as those who are not working because they are ill, [...] Construction activity grew in March for the first time since 2008 with a resurgence in housebuilding. Despite job cuts across the industry continuing at a sharp rate, a growth in new orders fuelled an upturn in construction activity and fresh optimism among the sector, according to the Chartered Institute of Purchasing and Supply (CIPS). The CIPS/Markit Construction [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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