View more on these topics

House sales slow say NAEA

The latest monthly housing market survey by the National Association of Estate Agents (NAEA) shows a reduction in activity levels.

This had led some to believe that a slowdown in the market has begun while others blame the traditional summer break.

The NAEA&#39s housing market survey for July shows that the number of new applicant enquiries, and the number of viewings, have both fallen and that the total number of new sales is 18% lower than in June.

NAEA chief executive, Hugh Dunsmore-Hardy, believes that it is too early to predict whether this is a seasonal blip or a trend that will continue to into the autumn and winter. He says: “The NAEA has been predicting a gradual slowdown in the housing market during the second half of the year, and our survey results for June and July certainly show lower activity levels.

“However, the reductions in activity are modest and follow very hectic months in the spring and early summer. Sales are still running at significantly higher levels than they were at the beginning of the year and there is still a marked shortage of new properties coming onto the market, keeping house price inflation running at a high level.”

The survey also shows that house prices remain buoyant, at 17.7% higher than in July 2001, an increase of 0.2% on last month&#39s year on year figure.


Don&#39t keep us all waiting…

Hot on the heels of CP146 came the announcement last week that the AIFA and NAMBA have agreed to form a “strategic alliance”. They recognise that as regulation draws nearer, mortgage intermediaries need representation to government and the FSA on the formulation of policies and regulations.But as we explore in our cover feature starting on […]

Mainstream offers web calculators

Melbourne-based Mainstream Computing&#39s FinanZtools calculators and simulators are now available as server side web applications (servlets) in addition to client side applets and offline applications. These products, tailored and developed for UK lenders, render pure HTML pages and are accessible instantly by all browsers without requiring any downloads, plug-ins or any other special software. Dr […]

Confisa to provide IFAs support during change

National IFA brand Consifa is targeting IFAs concerned about their future under the new regulatory regime. Consifa intends to provide a framework for IFAs to continue to service clients&#39 needs while removing compliance, regulatory and administration burdens. It will establish regional centres throughout the UK, from where successful IFA firms will be targeted to provide […]

Alliance must act swiftly

As a lender that conducts all of its mortgage business via the intermediary market we welcome the formation of a single trade body. NAMBA seemed to struggle to establish itself as a representative body.It has been obvious for some time that mortgage intermediaries desperately needed a common voice within the consultation process. Though, arguably, the […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


News and expert analysis straight to your inbox

Sign up