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Summer holiday wishes to all our readers

Like many of you, Property Talk Live will be taking a break over the next couple of weeks for the summer season. We would like to take this opportunity to wish all our readers a happy summer and a relaxing holiday if you are taking one.
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Landlords urged to be realistic about rents in the year ahead

The monthly index report for 2011 produced by Belvoir Lettings shows that contrary to many reports in the national press, many regions have not recovered to the levels of rent achieved in 2008.

“The Belvoir Lettings Index has been running since March 2008 and during this time we have seen the rise, fall and recovery of the rental market,” says MD, Dorian Gonsalves.

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Merry Christmas to all our readers

Like many of you, Property Talk Live will be taking a break over the next couple of weeks for the festive season.

We would like to take this opportunity to wish all our readers a Merry Christmas and a Happy New Year.

Thanks to you, Property Talk Live has enjoyed another hugely successful year and seen exceptional growth in the number of people visiting the site.

And that's not all - the number following us on Twitter alone is now approaching 10,000, which we think is phenomenal.

We will be looking to break through that barrier early next year when we return in the first week of January.

In the meantime and until then, thank you for your support and we hope to see you all again in 2012.

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Stop the housebuilding insanity

The case for building new homes in the UK is greatly overstated by those with a  vested interest: housebuilders, housing quangoes, estate agents and lenders.

If government listens to these strident voices without examining the TRUE situation, the  result will be nothing less than disaster for the UK economy.

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Greater collaboration will help beat recession

Findings of a survey by Capita Software Services announced yesterday, show that 56% of social housing providers are enhancing their advice services and are looking to work with specialist organisations to help them meet new demands in light of the homelessness surge warning for 2009.

The respondents included operational housing managers, principal housing officers and housing IT managers from a range of organisations. This trend looks likely to continue even after the recession as the majority also believe that the ever increasing need for social housing is having a detrimental impact on service provision.

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Warning to landlords over growth of cannabis factories

Private residential landlords' representative body the National Landlords Association (NLA) has warned landlords about the dangers of cannabis factories in their rental properties.

Police forces across the country have reported a rising number of rented homes being used as illegal factories to grow cannabis.

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CML seeks greater clarity as lending slump continues

There were 39,900 house purchase loans in October, worth £5.5billion, according to new data from the Council of Mortgage Lenders. This was an increase of 14% in volume and 10% in value from September, but an annual decline of 52% in volume and 57% in value.

ImageThe rise in house purchase lending was evenly spread across first-time buyers and home movers. There were 15,400 loans to first-time buyers and 24,500 home mover loans in October, up 15% and 14% respectively from September. A modest rise would typically be expected between September and October, but uncertainty in the summer about a stamp duty holiday may also have inflated October completions compared with September.

There were 70,000 remortgage loans worth £9.4 billion, an increase of 12% in volume and 11% in value from September and a decline of 31% in volume and 28% in value from October 2007.

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Connells sells stake in Rightmove


In a dramatic move on the stockmarket, estate agency Connells has today sold its 18% stake in property search website operator Rightmove.

Connells is reported to have sold 21.2 million shares in the company at 155 pence each - realising about £32.9million.

Rightmove shares dropped on the news - falling 16% (20p) at 163 pence by 11.30am.

With many estate agents already frustrated by the website does this sell-off signal the beginning of the end for Rightmove? Tell us what you think using the comment section below

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