House prices increased by 0.5% month-on-month in May Annual rate of price inflation drops from 10.5% to 9.8% Prices up 12.2% since February 2009 trough Headlines April 2010 May 2010 Monthly index * Q1 ’93 = 100 334.0 336.0 Monthly change* 1.1% 0.5% Annual change 10.5% 9.8% Average price £167,802 £169,162 * seasonally adjusted Commenting [...]
Posts under ‘Buying’
Nationwide: House Price Inflation Reaches Double Digits
House prices increased by 1.0% month-on-month in April Annual rate of price inflation moves into double digits for first time since June 2007 House prices are 10.0% below the October 2007 peak Headlines March 2010 April 2010 Monthly index * Q1 ’93 = 100 330.6 334.0 Monthly change* 1.0% 1.0% Annual change 9.0% 10.5% Average [...]
NAEA: Success of Stamp Duty Campaign a major victory for first time buyers
THE National Association of Estate Agents (NAEA) today welcomed as a major victory Alistair Darling’s decision to raise the threshold of stamp duty land tax for two years. The NAEA has long campaigned for a major rethink on stamp duty – which it believes to be a tax on aspiration. Today in the final Budget [...]
Spanish Banks to put “huge quantity” of homes on market says expert
Spanish banks will have to put a “huge quantity” of repossessed homes on the market over the next few months, said Juan Iranzo, Managing Director of the Institute of Economic Studies (IEE), during the presentation of a new book on the Spanish economy and housing market, sponsored by the savings bank Bancaja. According to Iranzo, [...]
Latest Bank mortgage lending figures may point to slower January – Council of Mortgage Lenders
The latest Bank of England mortgage data published today confirms the likelihood that there may have been a “bunching” of house purchase transactions in December to beat the stamp duty concession deadline.The gross lending total of £13.4 bn in December 2009 was in line with the CML’s estimate (£13.5 bn) and seems to confirm the CML’s view that much activity was “rushed [...]
Effects Of The End Of The Stamp Duty Holiday – Decision Homebuyers Report
London, England (Jan 11, 2010) – Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, comment on the impending end of the stamp duty holiday and the effects it will have on the current housing market conditions. Surveyors in the West Midlands, East Midlands, Wales and Scotland predict that the end [...]
Help is still at hand for Stamford Homes first time buyers
ALTHOUGH the past few months have seen a return to the UK housing market by first time buyers, research still suggests that more than a quarter believe it will take them five years to raise a deposit. A recent study of more than 3,000 potential first time buyers reveals that 28 per cent feel they [...]
Don’t let the cost of Christmas put you off buying a new home
IT’S not only the tingling of jingle bells many of us hear over the festive season – but the ringing of the tills as we spend our way through the festive season and well into the January sales! However, for potential buyers who are putting off moving until after Christmas, buying a brand new dream [...]