The UK’s recent housing market rally has run out of steam, according to the latest poll from the Royal Institution of Chartered Surveyors (RICS). Following the upturn in activity seen towards the expiry of the stamp duty holiday in March, prices edged lower in April with 19% more surveyors reporting falls rather than rises. Looking [...]
House Prices: UK Property Price News
House prices down 0.9% on the year
UK house prices edged down by 0.2% in April, according to Nationwide, and were 0.9% lower than a year earlier, at an average £164,134. The monthly decline followed a 1% fall in March, prices now having slipped for the fourth time in five months. In part, Nationwide attributes the recent softening of the market to [...]
House prices slip 0.6%
Land Registry figures show house prices in England and Wales slipping by 0.6% in March, compared with February, taking the value of the typical home to £160,372. However, the North East, which has been hard-hit by the house price crash, turned in an impressive performance with property prices shooting up 5.6% on a monthly basis. [...]
House prices slip 0.6%
Land Registry figures show house prices in England and Wales slipping by 0.6% in March, compared with February, taking the value of the typical home to £160,372. However, the North East, which has been hard-hit by the house price crash, turned in an impressive performance with property prices shooting up 5.6% on a monthly basis. [...]
Jump in affordable towns for key workers
New research from Halifax shows that housing affordability has improved greatly for key public sector workers, since house prices peaked in September 2007. According to the lender’s survey, two in five towns (41%) are now affordable, based on the average house prices to earnings ratio for nurses, teachers, fire fighters and the like. The ratio [...]
Jump in affordable towns for key workers
New research from Halifax shows that housing affordability has improved greatly for key public sector workers, since house prices peaked in September 2007. According to the lender’s survey, two in five towns (41%) are now affordable, based on the average house prices to earnings ratio for nurses, teachers, fire fighters and the like. The ratio [...]
Asking prices beat 2008 levels
Asking prices have risen 2.9% in April, according to Rightmove, with the typical vendor raising their expectations by £6,798. At £243,737 the average asking price has, in fact, hit an all-time high, having risen 3.4% over the last 12 months to beat the previous record set in May 2008 by 0.5%. However, in London prices [...]
Asking prices beat 2008 levels
Asking prices have risen 2.9% in April, according to Rightmove, with the typical vendor raising their expectations by £6,798. At £243,737 the average asking price has, in fact, hit an all-time high, having risen 3.4% over the last 12 months to beat the previous record set in May 2008 by 0.5%. However, in London prices [...]
Sales hotspots shift north
The number of property sales hotspots in England and Wales fell to its lowest level since the height of the financial crisis in 2008, according to new research by Lloyds TSB. Just 40% (202) of the 500 towns tracked demonstrated “hotspot” status last year, with sales rising. Overall, there were 630,389 home sales in England [...]
Sales hotspots shift north
The number of property sales hotspots in England and Wales fell to its lowest level since the height of the financial crisis in 2008, according to new research by Lloyds TSB. Just 40% (202) of the 500 towns tracked demonstrated “hotspot” status last year, with sales rising. Overall, there were 630,389 home sales in England [...]
Home buyers continue to test the market
Potential home buyers continued to test the market during March as the stamp duty holiday finally came to an end, says the latest survey from the Royal Institution of Chartered Surveyors (RICS). Nine per cent more surveyors reported increases rather than decreases in demand, the highest reading in almost two years, and the flow of [...]
“Timid” planning reforms fail to address affordability
The Government’s “timid” planning reforms will not solve affordability problems in the UK housing market, according to the Institute of Economic Affairs (IEA). In a new report entitled “Abundance of land, shortage of housing”, the right-wing think tank claims that not enough is being done to reduce the “extraordinarily” high cost of housing in Britain. [...]
“Timid” planning reforms fail to address affordability
The Government’s “timid” planning reforms will not solve affordability problems in the UK housing market, according to the Institute of Economic Affairs (IEA). In a new report entitled “Abundance of land, shortage of housing”, the right-wing think tank claims that not enough is being done to reduce the “extraordinarily” high cost of housing in Britain. [...]
Halifax: broad stability in UK house prices
House prices in the first three months of 2012 were 0.1% lower than in the previous quarter, according to Halifax, although the value of the typical home increased by 2.2% during March. The rise followed a 0.4% decline in February and the lender points out that prices continue to fluctuate month-to-month as transactions levels remain [...]
House prices post first rise in 20 months
In March, house prices in England and Wales posted their first monthly rise for 20 months, according to Hometrack. Increased demand and activity, plus a scarcity of housing for sale, resulted in an increase of 0.2%, although London continued to drive the national headline figure with a 0.5% monthly rise. Overall house prices showed a [...]
House prices post first rise in 20 months
In March, house prices in England and Wales posted their first monthly rise for 20 months, according to Hometrack. Increased demand and activity, plus a scarcity of housing for sale, resulted in an increase of 0.2%, although London continued to drive the national headline figure with a 0.5% monthly rise. Overall house prices showed a [...]
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, [...]
Home improvements add less to property values
With more than half of UK householders planning DIY projects during the April, May and June Bank Holidays, a new survey from HSBC claims that major improvements are adding less to the value of a home than a year ago. According to the bank’s valuation experts, loft conversion is the safest investment, typically increasing the [...]
Home improvements add less to property values
With more than half of UK householders planning DIY projects during the April, May and June Bank Holidays, a new survey from HSBC claims that major improvements are adding less to the value of a home than a year ago. According to the bank’s valuation experts, loft conversion is the safest investment, typically increasing the [...]
House prices nudge up 0.1%
House prices in England and Wales nudged up 0.1% in February, according to the Land Registry, taking the value of the typical home to £161,588. Wales saw the biggest monthly gain at 2% while in the North East the value of the average dwelling dropped 2.6%. On an annual basis, prices were down 0.6% (January: [...]
House prices nudge up 0.1%
House prices in England and Wales nudged up 0.1% in February, according to the Land Registry, taking the value of the typical home to £161,588. Wales saw the biggest monthly gain at 2% while in the North East the value of the average dwelling dropped 2.6%. On an annual basis, prices were down 0.6% (January: [...]
Asking prices up 1.6%
New sellers increased asking prices by 1.6% (an average £3,687) in March, according to Rightmove, with vendors’ ambitions up 4.9% over the first three months of the year, compared with the same period of 2011. The rise marks the largest first-quarter increase in asking prices since 2004 and as search activity has increased by 16% [...]
Housing market pessimism begins to lift
The February survey from the Royal Institution of Chartered Surveyors (RICS) is to be welcomed, as surveyors were at their most optimistic in almost two years. Transaction levels continued to rise – the average number of sales per estate agency branch increased to 16 last month, up almost 4% in the last quarter. However, the [...]
House prices up 0.2% as transactions leap 13%
House prices in England and Wales rose 0.2% in February as first-time buyers hit the market with urgency to beat the deadline on the stamp duty concession, which ends later this month. According to the LSL / Acadametrics House Price Index, transactions were up 13% compared with January, having surpassed the typical seasonal increase of [...]
House prices up 0.2% as transactions leap 13%
House prices in England and Wales rose 0.2% in February as first-time buyers hit the market with urgency to beat the deadline on the stamp duty concession, which ends later this month. According to the LSL / Acadametrics House Price Index, transactions were up 13% compared with January, having surpassed the typical seasonal increase of [...]
