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Good signs ... estate agent enquiries up - RJA Properties: Lettings Agent Manchester
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20 May 2010

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Home information packs (Hips) will be consigned to history, the Government has announced.
17 Mar 2010

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Estate agents should be subject to the same levels of regulation as letting agents, it has been been stated.
22 Jan 2010

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Thousands of Britons with holiday and retirement homes in northern Cyprus face eviction after the Court of Appeal upheld a decision that a British couple must surrender disputed land.

Good signs ... estate agent enquiries up


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EXPERTS last night hailed more “green shoots” of global economic recovery — but warned we are still a long way from beating the recession.

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Mortgage lending was UP and enquiries with estate agents ROSE.

In America, banking giant Goldman Sachs reported a 20 per cent rise in quarterly profits.

America’s Federal Reserve boss Ben Bernanke said there were “tentative signs” the recession there may be easing.

In a separate speech, US President Barack Obama said there were “signs of economic progress”.

But he also warned: “There is no doubt that times are still tough. By no means are we out of the woods yet.”

The gloom began to lift yesterday when the Council of Mortgage Lenders announced a four per cent hike in home loans in February — some 9,400 of the 24,300 agreed going to first-time buyers.

The total, though, is still 47 per cent down on 2008.

CML chief Michael Coogan said low interest rates and falling prices were working. He added: “There are some positive signs for later this year.”

And a third more estate agents said inquiries were up in March, against those reporting a fall — the biggest gap since September 2003.

Simon Rubinsohn, of the Royal Institution of Chartered Surveyors, said: “It’s early days but the worst of the fallout may be behind us.

“The economy is still contracting, there will still be job losses, but governments have thrown vast amounts of money at this problem. The leading indicators don’t seem as bad as they were.”

Martin Ellis, of the Halifax, added: “Anything which shows the pace of decline is beginning to ease is a good step.”

There was more evidence from a Royal Bank of Scotland survey which showed output at private sector firms fell at the slowest pace for SIX MONTHS in March.

Shares in car dealers also soared on hopes the Chancellor will press ahead with a scrappage scheme in next week’s Budget. The system — championed by The Sun — rewards drivers for buying new motors.

Despite the positive signs, large firms will lay off thousands of workers in the coming months, among them BT.

Figures are also expected to show next week that Britain’s economy fell by the same pace in the first three months of this year as the final three of 2008.

It also emerged yesterday that Brit workers will get an average pay rise of 1.46 per cent this year — compared with 3.8 per cent worldwide.

Research also found a third of UK firms are axing jobs, against one in four globally.

The Sun

 
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