Articles (RSS)
BloglinesArchive for November, 2008
Pre-Budget Report Press Release
November 27th, 2008
Following the Chancellor’s pre-Budget Report on Monday, Winkworth emphasises that what is needed is a return of confidence in the housing market. Lower interest rates will go some way to making this happen, as soon as they are transmitted into lower mortgage costs.
Posted in Industry-related News, Property-related News, UK Market Comment, UK Press Releases
Winkworth Brighton & Hove Newsletter
November 10th, 2008
The Brighton & Hove office have had a very busy year for lettings. During the summer months,which are traditionally quieter for sales, our lettings stock increased substantially and we saw a brisk turnover of one and two bedroom flats let within the area.
Rental prices remained strong and extra stock was gained from the ‘accidental landlords’ – our sellers who decided to let their property through us instead of trying to sell in the summer market. Now in autumn, the rental market continues to flourish and there seems to be no shortage of prospective tenants looking for a variety of property in the city.
Posted in UK Market Comment, UK Newsletters, Winkworth Office News
November 08 Interest Rate Cut Comment
November 6th, 2008
The Bank of England’s announcement that interest rates are to fall by 1.5% to 3% has been welcomed byWinkworth estate agents.
This shock move will undoubtedly help to alleviate the pressure on the UK housing market. In recent months, theWinkworth group has reported a 40% reduction in transactions and falling house prices of up to 25% in some areas.
Posted in Industry-related News, Property-related News, UK Market Comment, UK Press Releases