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Since late 2010, there has not been much change in the number of houses coming up for sale or being sold. This has done some good to the market as it has helped it become more stable after the small decline in house prices in 2010. Martin Ellis, an economist at Halifax has said, “the [...]  With the fear that homeowners have that the interest rates will rise, there has been a mini-rush to remortgage even though official figures show the property market is remaining in the doldrums. Bank of England figures show that in February remortgages approves were up 5% to a 26 month high and up on a year [...] The U.K.’s Council of Mortgage Lenders has recently released statistics showing that the property market throughout the country has been basically unchanged since September of last year, with both October and November at the lowest level since May of 2010. Though the number of applications for new loans to purchase houses was up by about [...] According to experts, the glut of houses on the UK market may be preparing to reverse itself. Professionals in the home market say that more and more mortgage holders are considering the low prices that homes are getting and deciding against selling. The tendency could be so far reaching as to actually cause a shortage of [...] |
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