Prices paid by first-time buyers have increased as the property market picked up in August, Moneyextra has stated.
Its survey revealed that the average property price sought by first-time buyers on Moneyextra in August 2006 was £174,782, up 11.6 per cent on the 2005 findings, and 36.4 per cent from August 2004.
BSA reveals August high
The Building Societies Association (BSA) has revealed gross advances in the mortgage market rose 27 per cent in August. Net advances also rose, representing the highest August advance figures for over 15 years.
Neil Johnson, PR and policy manager at the BSA said:
“Approvals figures suggest strong demand will continue, and that the interest rate rise has had little impact on buyers. This clearly shows buyers viewing the future of the market with confidence.”
Landlord Mortgages
launches Virtual Development programme
Landlord Mortgages has launched a programme of Virtual Property Development workshops. Due to take place between September and December the programme is aimed at entrepreneurs who are interested in learning more about how they can make money by purchasing and developing domain names.
Each workshop will cover topics including, virtual property development, domain name, virtual rights and long-term planning.
Prices paid by first time buyers have increased as the property market picked up in August, Moneyextra stated.
The survey revealed that the average property price sought by first time buyers on Moneyextra in August 2006 was £174,782, up 11.6 per cent on the 2005 findings, and 36.4 per cent from August 2004.
BSA reveals August high
The Building Societies Association has revealed gross advances in the mortgage market rose 27 per cent in August. Net advances also rose, representing the highest August advance figures for over 15 years
Commenting on the findings, Neil Johnson, PR and Policy Manager of the Building Societies Association said:
“The mortgage market continues to be strong, and the approvals figure suggests that strong demand will continue, and that the recent interest rate rise has had little impact on buyers. This clearly shows buyers viewing the future of the housing market with confidence.
Landlord Mortgages launches Virtual Development programme
Landlord Mortgages, has launched a programme of ‘Virtual Property Development’ workshops. Due to take place between September and December the programme is aimed at entrepreneurs who are interested in learning more about how they can make money by purchasing and developing domain names.
Each workshop will cover topics including, virtual property development, domain name, virtual rights and long term planning.
