Archive for June, 2009

Royal Bank of Scotland and Abbey make it more difficult for new borrowers to secure a home loan

SOME estate agents claim the housing market is recovering in York and North and East Yorkshire after the slump of last year.

The North-South divide is increasing in the housing market, according to Bellway, one of the biggest housebuilders. The company said yesterday that while its sales in the South, particularly in London, were showing signs of recovery, the North was taking longer.

U.K. home sellers lowered asking prices in June for the first time in five months as banks scaled back lending and required buyers to stump up bigger deposits

Luxury home prices in London have started edging up thanks to a dearth of supply.