Archive for February, 2010
Building Societies – Set to Disappear?
With various building societies struggling to survive this year would appear to be one where many will have to merge to survive. The mortgage market place will be all the worse for it as consumers will have less choice and competition. It is also very unlikely that more traditional building societies will be formed to replace them in the future. Many of these societies have been around for over 100 years and it is sad to see such institutions come to an end.
Countrywide say buyers dramatically increased
The UK’s largest estate agency have revealed that the UK housing market is improving as buyers begin to return to the marketplace.
The figures are very encouraging as new buyer enquiries rose 81.7% in January 2010 when compared to December 2009. House sales increased by 20% in January when compared to the previous year. This increase in demand was fuelled by the ending of the lower Stamp Duty threshold and has proved to be a vital boost for the housing market.
Estate agents across the UK are hoping that this will continue through 2010.