House prices in England and Wales held steady in November, with no change on a month earlier and prices down 0.7% on the year, at an average £220,043. According to the LSL/Acadametrics index, the only region recording annual price growth is London, where the value of the typical home has risen 3.1%. November also saw [...]
England
Market town house prices defy downturn
The average price of a house in one of England’s market towns has risen by 103% over the past decade, from £114,718 in 2001 to £233,416 today. According to research from Lloyds TSB, market town homes have been putting on an average £989 over the past 10 years, with some of the largest price increases [...]
Council tax freeze extended
Councils in England are to receive an extra £805 million from Government to help them freeze council tax during the 2012-13 financial year. The support comes on top of the £650 million already provided to encourage council tax freezes, and means that households living in an average B and D home could be spared a [...]
August house sales bounce back
House prices in England and Wales rose fractionally in August, compared with July, according to the latest LSL/Acadametrics index. However, the monthly gain of 0.3% was buoyed by a 1.6% rise in London property prices and at £219,078, the value of the typical home showed a 2.2% year-on-year fall. The annual rate of decline increased [...]
Land Registry: house prices up 1.3% in July
House prices in England and Wales rose 1.3% in July, compared with June, Land Registry figures show. However, at £163,049, the value of the typical home was down 2.1% year-on-year, with London the only region to have experienced an increase over the last 12 months (up 1.3%). The South West registered the greatest monthly rise [...]
New home planning permissions a paltry 25,000
Figures from the Home Builders’ Federation (HBF) show the number of residential planning permissions granted in England falling to just 25,000 in the second quarter of 2011, when around 60,000 homes per quarter are needed to meet the country’s housing shortfall. Planning permission approvals for new homes have been sliding noticeably since the middle of [...]
Undersupply of homes continues as planning permissions plummet
The latest Housing Pipeline report from the Home Builders’ Federation (HBF) shows that in England, housing planning permissions granted for the first quarter of 2011 were at around half the level of five years ago. Permissions for fewer than 34,000 new homes were approved, while government figures show a requirement of almost 60,000 for the [...]
House prices falling in all but London & South East
Latest figures from the Department for Communities and Local Government (DCLG) show UK house prices increasing by 1.2% during March, compared with February. However, at £205,565 the value of the typical home was down 0.5% in the first three months of the year, following a fall of 0.4% over the previous quarter. The research also [...]
House prices nudge up in April
The average price of a home in England & Wales rose by 0.3% in April, to £223,352, taking the annual growth rate to 0.9%, up from 0.3% in March. According to the latest LSL/Acadametrics house price survey, the monthly rise was driven by a rush of transactions involving wealthy buyers intent on avoiding higher stamp [...]
Land Registry: house price falls biggest in two years
House prices have fallen at their fastest rate since February 2009, according to latest figures from the Land Registry. The value of the typical home in England and Wales declined by 1.1% in March, with the North West the only region to experience a monthly rise (0.7%), while in Wales prices tumbled by 3.3%, when [...]
Hometrack: house prices to see further falls
House prices in England and Wales remained level in April, with a 0.3% rise in London prices offsetting small falls across other regions, Hometrack has reported. According to the housing intelligence firm, increased buyer demand over the first four months of 2011, and strong growth in the number of sales agreed, has been easing downward [...]
House prices flat but inflation eats away at real values
The LSL Acadametrics house price index for March shows the value of the typical home in England and Wales falling by 0.1%, to £222,146, reversing a small increase seen in February. On an annual basis, eight of the ten regions covered experienced falling house prices, with only Greater London and the South East keeping the [...]
North bears brunt of 47% drop in house sales
Property sales have fallen significantly across England and Wales since 2007 amid a widening North / South housing divide, new research by Lloyds TSB suggests. Last year, 649,957 homes changed hands with the total down 47% on 2007, however, sales in South fell 42% compared with a 51% drop in the North. Lloyds’ research also [...]
Hometrack: house prices slip in March
Hometrack’s latest survey shows house prices across England and Wales falling by 0.1% in March, compared with February, taking the value of the typical home down to £153,100. Twenty-seven per cent of post codes registered falling prices leaving 8% recording rises, including London which saw the first uplift for eight months (+0.2%), on the back [...]
House price show largest annual fall since 2009
February data from the Land Registry show house prices in England and Wales falling by 0.8%, when compared with January. The typical home changed hands for £162,215 having fallen in value by 1.7% over a year, the largest annual decline since October 2009. However, London showed a positive annual house price change of 3.2% in [...]
Commercial to residential property conversions to be made easier
Next month’s Budget will contain measures that make it easier for commercial properties across England to be converted into private dwellings, the BBC has reported. The move will cut the red tape involved in the planning process and could help create up to 250,000 new homes. Last week, the Institute for Public Policy Research claimed [...]
Rents and arrears show February rise
Rents in England and Wales have risen for the first time in 2011, according to LSL Property Services, the UK’s largest lettings agent network. February saw the typical private renter paying £684 per month, with the figure up 0.2% on January and 3.9% year-on-year. For landlords, total annual returns remained steady at 3.4% and average [...]
Spa towns command 16% house price premium
House prices in spa towns across England and Wales are typically £38,000 (or 16%) above their county average, according to Lloyds TSB research.
Only three spa towns have prices that fall short of their county average: Epsom in Surrey (-5%); Llandrindod Wells in Powys (-7%) and Boston in Lincolnshire (-15%).
However, Epsom is the country’s most [...]
Shortfall in English homes to hit 750,000
England faces a shortfall of 750,000 homes by 2025, a new report from the Institute for Public Policy Research (ippr) claims.
Analysis of official government projections show that if the economy bounces back, the gap between supply and demand could be equivalent to the entire housing demand of the populations of Birmingham, Liverpool and Newcastle [...]
London & South East drive February house price rise
February saw house prices rise by 0.3% in England and Wales (to an average £222,456) with prices bolstered by strong demand in London and the South-East.
According to the latest LSL/Acadametrics house price index, the value of the typical home fell 0.5% year-on-year, as the strong gains seen in the early part of 2010 dropped out [...]
Rents slip as buy-to-let attracts investors
Rents in England and Wales fell slightly in January, as the buy-to-let market saw a growing number of investors.
According to the latest Buy-to-Let Index from LSL Property Services, average rent dropped by 0.3% (£682) compared with December but remained 4% higher than a year ago, with signs of renewed growth in several areas.
The January movement [...]
House prices up 0.6% year-on-year
The average price of a home in England and Wales fell by 0.1% in January, to £221,211, according to the LSL/Acadametrics House Price Index.
The marginal decline left annual property price inflation at 0.6%, but despite falls over the last four months, the value of the typical home remained 10.5% (£20,975) above the lowest price on [...]
Crime maps a new tool for homebuyers
Homebuyers, renters and property investors have a new tool to help identify a sound location, with today’s launch of online crime maps that cover the streets of England and Wales.
The maps, which can be accessed using a postcode, give details of reported crime over the past month, categorised as follows: burglary, robbery, vehicle crime, violence, [...]
Official: house prices up 1.5% in 2010
The Land Registry’s latest House Price Index shows the average price of a home in England and Wales up 1.5% over the whole of 2010, although December marked the seventh consecutive month in which annual growth slowed.
The month saw a negative change of -0.2%, with the South West the region with the most significant fall, [...]
Annual house price growth below inflation
Average house prices in England and Wales recorded a marginal fall of 0.2% in December, to £222,827, according to the LSL/Acadametrics House Price Index.
Over the whole of 2010, house price growth stood at 2.9%, compared to 5.3% in 2009.
However, regional disparities are widening, with annual growth significantly stronger in traditionally high-value areas such as London [...]
