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Home truths on crunch



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Published Date: 20 June 2008
HOMES for Scotland, who represent companies building 95 per cent of the new homes built for sale, has issued a warning about the severe impact the credit crunch is having on the industry.
At a meeting of MSPs and other key housing stakeholders chief executive Jonathan Fair said that with purchasers struggling to finance there is a "great strain on the production of new homes".

The full article contains 69 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 20 June 2008 10:54 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Mortgage and property news
 
1

A Friend of Fernando Poo,

20/06/2008 16:05:52
They could always ease that strain by dropping the price.

As they've been telling us incessantly: it's a case of supply and demand.
2

suse,

24/06/2008 09:57:34
boo hoo

 

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Today's Vote

Is it a good idea for builders to offer incentives to first-time buyers?
Yes, it gives them the chance to get on the property ladder.
It helps, but they’ll struggle to get a decent mortgage rate.
No, first-time buyers should wait for the crisis to pass.

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