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Written by Kat Brunton
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After six quarters of contraction in succession, the UK economy has finally turned the corner according to recent figures.
House sale prices were always at the centre of news during the recession with stories surrounding mortages and rescue packages prevalent over the past couple of years.
The housing market is core to economic wellbeing and not only is it an area of the economy that directly affects a significant proportion of the population but also a barometer of the economy as a whole.
Reflecting on 2009, when house sale prices were higher than expected and the sector as a whole outperformed many predictions, we can begin to see encouraging trends for the proceeding year.
So, what does the year have in store for homebuyers, first time buyers and homeowners keen to get a return on their investment?
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Written by Gwen Clarke
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The UK economy has just emerged form the longest recession since the Great Depression preceding WWII. And, although it is early days for the overall economy (achieving just 0.1 per cent of GDP in the last quarter), house prices are showing signs of stable and consistent recovery.
Technically, the UK is out of recession but the effects of the economic downturn are still being felt and will take some time to reverse the negative trend. However, as consumer confidence grows the housing market grows with it, and as stability returns to the financial sector more people are able to secure mortgages to afford their ideal homes.
Figures from Nationwide show that house prices increased by 1.2 per cent (seasonally adjusted) in January 2010. This increase in prices is reflective of the property market's long-time position as a barometer for the economy as a whole.
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Written by Gwen Clarke
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Recent reports suggest that the property market is recovering at a faster rate than the wider economy, with house prices continuing to rise. As consumer confidence grows and market competition returns, many people are thinking about moving house, or indeed buying their first home.
With that in mind, here are some tips for buying your ideal property.
Buying a house is one of the biggest expenses of your life, but one that you make without doing a "test run". The first night you spend in your new home will be only after you are the registered owner. So, on the strength of a short viewing, you'll decide whether it's right for you.
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