Nottingham Letting Agent Property Blog

According to an article in Property Wire, the latest House Price Sentiment Index by Knight Frank and economics consultancy Markit, more people feel optimistic about the possibility of house price increases than any time in the past two years. The index now stands at 55.9, having reached a six month low in October of 50.5. An index of greater than 50 is more indicative of price increases, while any figure of less than 50 is indicative of house price falls.The only region not to be positive about house prices was Wales, with an index of 45.2, compared to 63.3 in London....

Vince Cable, the Liberal Democrat Cabinet minister, has suggested a 1930’s style as construction boom could help lift the country out of recession. He thinks there is a strong correlation between today's situation and that of 80 years ago, when Britain was faced with rising unemployment and the consequences of a world economic crisis. However at that time there were considerable differences, as people were able to take advantage of low interest rates, and lenders were more willing to advance mortgages. This access to funding led to increased mortgage demand, leading to a construction boom which in turn created greater housing...