Time to stop meddling...

Over the last few years, property investors and estate agents have been blamed, first for rising house prices, and now, the collapse in the property market.

Well, it seems to me that you can’t have it both ways. I believe the chief failure has stemmed from the Labour Government and its inability to get to grips with the housing market.

This has led to it trying to control the sector rather than understand it. Take affordable housing. As house prices grew beyond the reach of key workers and first-time buyers, it piled increasing pressure on developers to build more and more affordable housing in their schemes. The result has been a spectacularly loud piece of backfiring.Read More

City loss City Lofts, the developer of trendy city centre apartments, has gone into administration.
Bridging soars A company specialising in short-term bridging finance has had so much demand for its services that it has had to extend its own lines of credit from banks.

 
Bargain basement Now is the perfect time to pick up bargains in the USA.
Portugal shines The property market in Portugal is set for a boost after the launch of a major tourism initiative.

 
Fines threat Landlords who do not produce Energy Performance Certificates could be fined L200.
Landlords stay Residential property investors are holding on to their portfolios and trying not to sell up during a period of price falls.

 
London falls House prices in central London are continuing to fall – and at a faster rate.
Lending falls Mortgage lending from building societies slumped again last month.

 
Cheap entry into paradise - Courtesy of our colleague, property developer Peter Parfait, we’ve negotiated a 25% discount for PI newsletter readers only on his latest development in tropical paradise – Koh Phangan, Thailand. For more info click here
   
Property price forecasts for the next two years are increasingly subdued, with one prediction that house values will fall at least 35% in this time. Do you think this will happen? Click Here
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