Lenders took back 9,600 homes in the first quarter of 2012, up from 8,700 in the final three months of last year, according to the Council of Mortgage Lenders (CML). However, the increase is in line with seasonal trends and the UK’s repossessions landscape would appear to be stable for the time being. The first [...]
first quarter
Annual house price inflation down to 0.2%
Only seven out of 13 UK regions recorded annual house price growth in the first quarter of 2012, according to Nationwide. During the first three months of 2012, the value of the typical home slipped 0.1% to £162,722. For the UK as a whole, prices were on average only 0.2% higher than a year earlier, [...]
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 [...]
