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 ‘Property’
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 [...]
Spanish Banks to put “huge quantity” of homes on market says expert
Spanish banks will have to put a “huge quantity” of repossessed homes on the market over the next few months, said Juan Iranzo, Managing Director of the Institute of Economic Studies (IEE), during the presentation of a new book on the Spanish economy and housing market, sponsored by the savings bank Bancaja. According to Iranzo, [...]
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 [...]
USA – Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit
Washington – Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4 percent to a seasonally adjusted annual rate1 [...]