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	<title>Real Estate and Mortgage News &#187; uk hosuing recovery</title>
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		<title>UK Housing markey shows signs of upturn</title>
		<link>http://www.agoodrealestatecompany.com/2009/07/uk-housing-markey-shows-signs-of-upturn/</link>
		<comments>http://www.agoodrealestatecompany.com/2009/07/uk-housing-markey-shows-signs-of-upturn/#comments</comments>
		<pubDate>Sat, 18 Jul 2009 05:37:54 +0000</pubDate>
		<dc:creator>peter</dc:creator>
				<category><![CDATA[UK Mortgage and Finance News]]></category>
		<category><![CDATA[britain property market]]></category>
		<category><![CDATA[uk hosuing recovery]]></category>

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		<description><![CDATA[According to a recent survey commissioned by the Home Builders Federation, the housing market is showing the first signs of an upturn since 2006. The HBF&#8217;s survey of the UK&#8217;s major home builders found sixty percent of those asked had seen an increase in sales when compared to the same period last year. The Home [...]]]></description>
			<content:encoded><![CDATA[<p>According to a recent survey commissioned by the Home Builders Federation, the housing market is showing the first signs of an upturn since 2006.</p>
<p>The HBF&#8217;s survey of the UK&#8217;s major home builders found sixty percent of those asked had seen an increase in sales when compared to the same period last year.</p>
<p>The Home Builders Federation says the industry has been through the economic equivalent of a tsunami, with an estimated quarter of a million construction jobs lost in the last 12 months. The MBF goes on to say that the biggest obstacle to recovery is now the availability of mortgages or lack of.</p>
<p>Chancellor Alistair Darling is to meet with the banks next week to remind them of their legally-binding obligation to lend more money to homebuyers.</p>
<p>Steve Turner, spokesman for the HBF, said the survey results were a welcome boost.</p>
<p><em>&#8220;It&#8217;s been a very difficult year, but what we are starting to see is a consistent set of modest but positive results now in terms of visitor levels, in terms of reservations.</em></p>
<p><em>&#8220;I think for the first time in a number of months the industry is starting to feel more positive.&#8221;</em></p>
<p>However, experts were warning that the industry was still fragile because although new home sales had increased, they were at an extremely low level last year.</p>
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