Positive long-term signs for housing market

There should be a strong long-term recovery by the housing market in the UK, despite recent falls in prices. That is the verdict from economists at the Nationwide Building Society.

The mortgage lender said the recent decline in house prices was unsurprising, as it published its most recent figures for price movement.

While house prices may continue to fall for the time being, they should bounce back strongly in the long run.

Fionnuala Earley, chief economist at the Nationwide, said that recent evidence showed that the housing market was “stabilising”.

She also noted that lower house prices were good news for first time buyers and those seeking a more affordable mortgage.

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Best Development Lender - Regentsmead

Louise Fernley, editor of Bridging and Commercial, said: “Our 2010 awards aimed to celebrate the lenders who have not only survived, but thrived over the last year. One of our new awards, for Best Development Lender, deservedly went to Regentsmead after a number of glowing reports from brokers, property developers and other professionals that had worked with them.

“It was an obvious choice for our panel, with everybody agreeing that a firm with an appetite to lend and high-quality service levels is what is sorely needed in the market right now. On behalf of all of us at Bridging & Commercial we’d like to say congratulations to all of the Regentsmead team – and fingers crossed for 2011!”

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