House prices increased by 0.5% month-on-month in May Annual rate of price inflation drops from 10.5% to 9.8% Prices up 12.2% since February 2009 trough Headlines April 2010 May 2010 Monthly index * Q1 ’93 = 100 334.0 336.0 Monthly change* 1.1% 0.5% Annual change 10.5% 9.8% Average price £167,802 £169,162 * seasonally adjusted Commenting [...]
Posts under ‘UK’
Nationwide: House Price Inflation Reaches Double Digits
House prices increased by 1.0% month-on-month in April Annual rate of price inflation moves into double digits for first time since June 2007 House prices are 10.0% below the October 2007 peak Headlines March 2010 April 2010 Monthly index * Q1 ’93 = 100 330.6 334.0 Monthly change* 1.0% 1.0% Annual change 9.0% 10.5% Average [...]
NAEA: Success of Stamp Duty Campaign a major victory for first time buyers
THE National Association of Estate Agents (NAEA) today welcomed as a major victory Alistair Darling’s decision to raise the threshold of stamp duty land tax for two years. The NAEA has long campaigned for a major rethink on stamp duty – which it believes to be a tax on aspiration. Today in the final Budget [...]
Future housing conference – Council of Mortgage Lenders
Future housing conference information 24 February 2010 Conference time: 0845hrs – 1630hrs Background The CML compile and publish a range of statistics on the UK housing and mortgage markets including key data on mortgage lending, arrears and possessions and market segments such as buy-to-let. This unparalleled knowledge and insight into the important role housing plays [...]
Latest Bank mortgage lending figures may point to slower January – Council of Mortgage Lenders
The latest Bank of England mortgage data published today confirms the likelihood that there may have been a “bunching” of house purchase transactions in December to beat the stamp duty concession deadline.The gross lending total of £13.4 bn in December 2009 was in line with the CML’s estimate (£13.5 bn) and seems to confirm the CML’s view that much activity was “rushed [...]
Effects Of The End Of The Stamp Duty Holiday – Decision Homebuyers Report
London, England (Jan 11, 2010) – Decision Homebuyers, one of the UK’s most trusted and flexible home buying specialists, comment on the impending end of the stamp duty holiday and the effects it will have on the current housing market conditions. Surveyors in the West Midlands, East Midlands, Wales and Scotland predict that the end [...]
Six charged in £50 million ‘mortgage fraud’
Six individuals have been charged with offences in connection with a series of high value commercial mortgage frauds. Following a hearing at City of London Magistrates’ Court the case has been sent to Southwark Crown Court for a preliminary hearing on 4 January 2010. The investigation was referred to the Serious Fraud Office in March [...]
Serious Fraud Office – Swoop on 19 properties in International commercial loans fraud
Six suspects have been arrested during a search operation on 19 properties throughout England. Three are being held in custody to appear before magistrates. The action relates to an investigation into suspected advance fee fraud and commercial rent fraud. The searches, involving more than a hundred investigators and police officers, took place to prevent further loss to victims. [...]
Help is still at hand for Stamford Homes first time buyers
ALTHOUGH the past few months have seen a return to the UK housing market by first time buyers, research still suggests that more than a quarter believe it will take them five years to raise a deposit. A recent study of more than 3,000 potential first time buyers reveals that 28 per cent feel they [...]