House prices in Scotland rose for the third consecutive month in September, putting on 0.8% and easing the annual rate of decline to minus 1.5% (August: minus 1.9%). According to the latest LSL/Acadametrics survey, the average house price in the country rose to £147,546 as wealthier buyers continued to take advantage of the cheap mortgage [...]
September
House prices down 1.4% on the year
Latest figures from the Department for Communities and Local Government (DCLG) show UK house prices falling 1.4% over the year to September (August -1.3%). During the month, the value of the typical home slipped 0.7% to £207,326, with the figure 6.2% below the market’s April 2008 peak and 9.1% above its April 2009 trough. Over [...]
Mortgage lending slips
Loans for both house purchase and remortgage fell slightly in September, compared with August, according to the Council of Mortgage Lenders (CML). 48,200 mortgages were advanced for house purchase, worth £7.1 billion, down 2% by number and 5% by value compared to a month earlier, but up 3% year-on-year, by both number and value. There [...]
Land Registry: house prices down 2.6%
September figures from the Land Registry show house prices in England and Wales falling by 0.3% between August and September. At 2.6%, the annual rate of decline has remained much the same for the past five months, with the value of the typical home down to £162,109. The only region to record rising property prices [...]
Rents rise in all regions
September saw rents rise across all regions of England and Wales for the first time on record, LSL Property Services reports. Average rent increased 0.7% during the month, hitting a new high of £718 pcm, with rents now at record highs in London, the South East, Yorkshire and the Humber, the East of England, Wales [...]
House prices return to monthly decline
House prices in England and Wales fell 0.3% in September, compared with August, following two consecutive months of price rises, albeit marginal ones. According to the latest LSL/Acadametrics index, outside London, prices fell across all regions. At £218,650, the value of the typical home stood £18,416 (or 9.2%) above its April 2009 trough and £13,179 [...]
Fewer homes put up for sale
Fewer homes were put up for sale in September, as fears over the economy left potential vendors scrapping their moving plans. In its latest overview of the UK housing market, the Royal Institution of Chartered Surveyors (RICS) also reports that new buyer enquiries increased marginally last month. Will this supply / demand dynamic at least [...]
House prices down 0.5%
UK house prices fell by 0.5% during September, according to Halifax, with the annual rate of decline easing slightly to -2.3% (August: -2.6%). At £161,132 the value of the typical home is down from £164,145 at the start of the year, although prices in the July to September quarter were slightly higher than in the [...]
Homeowners face “new phase of re-pricing”
The number of homes put up for sale in England and Wales increased by 22% in the nine months up until September, compared with a year earlier, Hometrack reports. However, demand from potential buyers failed to keep pace managing an 11% rise, as economic uncertainty both at home and in the Eurozone continued dent consumer [...]
Homeowners face “new phase of re-pricing”
The number of homes put up for sale in England and Wales increased by 22% in the nine months up until September, compared with a year earlier, Hometrack reports. However, demand from potential buyers failed to keep pace managing an 11% rise, as economic uncertainty both at home and in the Eurozone continued dent consumer [...]
Annual house price falls slow
Quarterly figures from Nationwide show average house prices falling year-on-year in eight out of 13 regions of the UK. However, the annual rate of decline across the UK lifted from -1.2% in Q2, to -0.5% in Q3, most regions having seen relatively small price movements in the three months to the end of September. During [...]
Rightmove: asking prices up 0.7%
New sellers upped their asking prices 0.7% (or an average £1,596) in September, according to Rightmove. The rise follows falls in the previous two months and with the typical property currently marketed at £233,139, new sellers are expecting £7,255 less for their homes than at the start of the summer. The market continues to stagnate, [...]
House price outlook more positive
Households were more upbeat about the future value of their homes this month, with expectations for house price rises over the coming year brightening. According to the Knight Frank/Markit September House Price Sentiment Index, a third of UK households are expecting house prices to rise in the next 12 months, with the measure having remained [...]
