Latest Insurance News
Stabilisation in property market 'extremely positive'
24 Nov 2009
Written by Judith Stevenson
Signs of stability in the housing market are "extremely positive" news for buy to let insurance customers, according to one expert.
Steve Turner, head of communications at the Home Builders Federation, made the claim after the National House-Building Council revealed that new build registrations have reached their highest level since July 2008.
According to the specialist, the stability which buy to let insurance customers are experiencing is partly due to government initiatives such as the HomeBuy Direct and Kickstart stimulus measures.
"It is an extremely positive sign and we have got to now ensure that the stimulus measures put in place by the government are continued and that we look to build on the stabilisation we have seen in recent months," he explained.
Mr Turner told buy to let insurance customers that there is a "huge demand" for houses over the long term, so extra capacity must be maintained throughout the recession to ensure the industry is fit to deliver the homes in the future.
