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 [...]
UK house prices
House prices down 1% on the year
UK house prices slipped 0.6% in the three months to November, compared with the previous quarter, according to the latest Halifax index. On an annual basis, the value of the typical home was down 1% (October -1.8%). However, the three month measure, which gives a good indication of the underlying trend, was negative for the [...]
UK house prices need to fall further
The UK’s first-time buyers need anything between 10 and 19 years to save up for a deposit. The plight of would-be homeowners has been highlighted by InvestorBee, which has produced some pretty extensive research demonstrating the level of dedication needed to save the 20% deposit required for the better mortgage deals. According to the investment [...]
Steady house price rises from 2013
UK house prices are expected to end the year 0.9% down, according to the Office for Budget Responsibility, and show a further decline of 0.2% in 2012. However, the independent analyst has lined up average house price gains of 1.9% in 2013; 4.3% in 2014; 4.5% in 2015 and 4.5% in 2016. The figures accompanied [...]
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 [...]
House prices achieve annual growth
UK house prices returned to annual growth in October, for the first time in six months. According to Nationwide, the value of the typical dwelling rose by 0.4% during the month, to £165,650, with the figure up 0.8% on a year earlier. The lender regards October’s data as “encouraging” but cautions that the market is [...]
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 [...]
Nationwide: May house prices up 0.3%
UK house prices put on 0.3% in May, having slipped 0.2% in April, according to Nationwide. The lender’s three-month-on-three-month measure registered a 0.6% increase in May, but at £167,208, the value of the typical home had declined 1.2% compared with a year earlier (April: -1.3%). Commenting on the figures, Nationwide’s chief economist, Robert Gardner, says: [...]
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 slip 1.4%
UK house prices fell 1.4% in April, compared with March, Halifax has reported. Using the more reliable three-month-on-three-month measure, prices were 1.2% down on the previous quarter, having seen modest declines since mid-2010. The average property lost 3.7% of its value in the year to end-April, marking the biggest annual fall since October 2009. While [...]
House prices to see five-year decline
A leading UK think-tank is predicting that UK house prices will continue falling until 2015, declining by 4.5% in 2011, and by an average 1.5% during the four years after that. According to the National Institute of Economic and Social Research (NIESR), higher taxes and rising inflation will put downward pressure on prices this year, [...]
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 [...]
House prices up 0.7% on the year
Official figures show UK house prices increasing by 0.7% in the year to the end of February. At £204,164, the value of the typical dwelling was down 5.7% from its recent April 2008 peak but up 9.8% from its 2009 trough, Department for Communities and Local Government figures show. On a regional basis, house prices [...]
House prices up 0.5% in March
UK house prices increased by 0.5% in March, according to Nationwide, with the rise leaving the typical home worth 0.1% more than a year ago. Prices have now increased modestly in three of the past four months, with the three-month-on-three-month measure (regarded as a better indicator of the underlying trend) putting the value of the [...]
House prices lose 1.4% in January
UK house prices fell 1.4% in January, to an average £208,552, with the decline taking the annual rate of gain down to 0.5% (December 3.8%). New figures from the Department for Communities and Local Government also show that year-on-year, the value of the typical home was up 1% in England, down 1.8% in Wales, had [...]
UK house prices continue to slide
UK house prices are continuing to decline, according to Halifax, which has registered a drop of 0.4% in the value of the typical home in the three months to February, compared with the previous quarter.
Last month prices actually fell by 0.9% (offsetting a January rise of 0.8%) taking the average house price back down to [...]
Hometrack: agreed house sales up 25%
Demand for housing jumped by 14.7% in February, the first increase for eight months, according to new figures from Hometrack, which also show the supply of homes for sale rising 7.5%, compared with January, the highest monthly increase for three years.
A mix of seasonal and pent-up demand resulted in estate agents reporting a 25% rise [...]
House prices to fall 5% this year
UK house prices are expected to fall gradually in 2011, after losing ground overall in the latter months of 2010, according to a respected economic forecaster.
IHS Global Insight is predicting a decline of around 5%, with the value of the typical home losing around 10% from the peak seen in the first half of last [...]
Redrow confident on house prices
Redrow says it continued to make good progress in the final six months of 2010, despite the housing market being “overshadowed by economic uncertainties, tax rises and government cutbacks”.
The developer attributes much of its success to its New Heritage Collection, which is proving to be “aspirational” for customers who appreciate an emphasis on traditional [...]
House prices up 0.8%
UK house prices rose by 0.8% in January, according to Halifax.
However, the lender reports a quarterly fall of 0.7%, to £163,173, with the annual rate of change currently at minus 2.4%.
Looking ahead, Halifax housing economist, Martin Ellis, expects limited movement in house prices overall in 2011, although there are likely to be some monthly fluctuations, [...]
Nationwide: January house prices down 0.1%
UK house prices fell by 0.1% in January, according to Nationwide, taking the annual rate of change to minus 1.1%.
The monthly decline follows a gain of 0.4% in December (when annual house price inflation also stood at 0.4%) and takes the value of the typical home down to £161,602.
The three-month-on-three-month measure, which is a better [...]
Halifax: house prices end 2010 down 1.6%
UK house prices fell 0.9% during the three months to December, compared with the previous quarter, and were down 1.6% on an annual basis, according to Halifax.
At £163,435, the value of the average home actually lost 3.4% compared with December 2009, although the lender points out that its quarterly figures provide a better picture of [...]
Nationwide: “anything is possible” as house prices gain 0.4%
UK house prices rose by 0.4% in December, having recorded declines in the previous two months, according to Nationwide’s latest house price index.
This month’s modest rise means that the value of the typical home ends 2010 with an “unremarkable” gain of 0.4%, as most price increases from the first half of the year were reversed [...]
Economists predict 2011 UK house price falls
UK house prices will continue to fall during 2011, according to a poll of economists undertaken by the Financial Times.
Fifty of the 56 economists questioned by the newspaper expect prices to continue the slippage seen since summer 2010, as market fundamentals remain weak.
However, no parallels are drawn with the 20% peak-to-trough fall seen between 2007 [...]
