NEWS

June2010 - Number of Repossessions Fall   Recent data published by the Ministry of Justice and the Council of Mortgage Lenders suggests that the combination of low interest rates, early signs of an economic recovery coupled with a number of government measures introduced has resulted in a further decrease in the number of properties repossessed in the first three months down to 9,800 representing a drop of a quarter in comparison to the same period in 2009.   Early indications are that this trend is likely to improve over the next quarter with the private sector gaining momentum with  the probability of interest rates remaining at 0.5% indefinitely.     May 2010 - Property Confidence Moves Into positive   According to the latest research undertaken by the RICS, the balance between negative and positive responses amongst Surveyors for commercial property has reached positive levels for only the second time in two years.   Demand has also reached the highest figures in the last two years. On the down side, rental levels continue to decline although this is now showing.   Whilst the market is improving from previous levels, Vendors and Landlords are still having to offer competitive terms.   News Archive:-   January 2010 - Marketing of Wales' Leading Vineyard   February 2010 - City Centre Offices Goes Under Offer   March 2010 - Availability for Small Business Units Jumps in Wales   April 2010 - Property Oscar Nominees Announced