UK house prices slipped by 0.2% in January, according to Nationwide, with the annual rise pared down to 0.6% (December 1%). The value of the typical home currently stands at £162,228 but the lender is not surprised by the soft start to 2012 given the challenging conditions late last year, including the contraction in the [...]
house prices
House prices down 1.3% over 2011
December figures from the Land Registry show house prices in England and Wales down 1.3% on the year, to an average £160,384. Overall, there was no monthly change from November to December, although the North West experienced an impressive rise (+1.5%) offset by prices dipping in the North East (-1.9%); the North West (-1.5%); and [...]
House prices down 1.3% over 2011
December figures from the Land Registry show house prices in England and Wales down 1.3% on the year, to an average £160,384. Overall, there was no monthly change from November to December, although the North West experienced an impressive rise (+1.5%) offset by prices dipping in the North East (-1.9%); the North West (-1.5%); and [...]
House prices show “remarkable resilience”
House prices in England and Wales rose 0.2% during December, to an average £220,385, but fell 0.5% annually. According to the latest LSL/Acadametrics index, London property prices ended the year 3.1% higher, with Wales the only other region to show annual house price growth. In 2011, transactions were down 2.1% on an annual basis but [...]
2011 shaves 1.3% off house prices
House prices in the final quarter of 2011 were 0.1% lower than in the previous quarter, according to Halifax. The value of the typical home slipped 0.9% between November and December, to £160,063, but modest increases earlier in the year meant prices ended 2011 down only 1.3%, having recovered from an average annual loss 4.2% [...]
2011 shaves 1.3% off house prices
House prices in the final quarter of 2011 were 0.1% lower than in the previous quarter, according to Halifax. The value of the typical home slipped 0.9% between November and December, to £160,063, but modest increases earlier in the year meant prices ended 2011 down only 1.3%, having recovered from an average annual loss of [...]
RICS: buyer demand and sales rise
The UK housing market saw an increase in buyer demand in November, according to latest research from the Royal Institution of Chartered Surveyors (RICS). Newly-agreed sales rose as a result, with 14% more respondents reporting sales increasing rather than decreasing, up from 9% more in October. The boost meant the average number of sales per [...]
RICS: buyer demand and sales rise
The UK housing market saw an increase in buyer demand in November, according to latest research from the Royal Institution of Chartered Surveyors (RICS). Newly-agreed sales rose as a result, with 14% more respondents reporting sales increasing rather than decreasing, up from 9% more in October. The boost meant the average number of sales per [...]
Halifax: 2012 house price forecast
In its housing market outlook for 2012, Halifax is predicting little change in house prices, which could fall up to 2%, or see a 2% rise. With the Bank of England’s base rate likely to end 2012 at 0.5%, the lender expects favourable affordability, low levels of forced selling and a long-term supply / demand [...]
Halifax: 2012 house price forecast
In its housing market outlook for 2012, Halifax is predicting little change in house prices, which could fall up to 2%, or see a 2% rise. With the Bank of England’s base rate likely to end 2012 at 0.5%, the lender expects favourable affordability, low levels of forced selling and a long-term supply / demand [...]
Housing market ends 2011 better than expected
House prices in England and Wales held steady in November, with no change on a month earlier and prices down 0.7% on the year, at an average £220,043. According to the LSL/Acadametrics index, the only region recording annual price growth is London, where the value of the typical home has risen 3.1%. November also saw [...]
House prices up 1.6% on the year
UK house prices increased by 0.4% in November, taking the annual rate of growth to 1.6% (up from 0.8% in October), according to Nationwide. At £165,798, the value of a typical home has remained “surprisingly resilient” given the bleak economic outlook and the lender expects growth to remain soft, with the possibility of prices drifting [...]
Housing turnover lowest in 40 years
House prices in England and Wales have fallen for the last 16 months, according to Hometrack, but are down just 2.3% on an annual basis. In addition, demand has been falling for the last four months but the rate of decline has remained steady, suggesting that the market has adapted to a “low turnover, finance [...]
Land Registry: house prices down 3.2%
The Land Registry’s latest house price index shows the value of the typical home in England and Wales falling 3.2% in the 12 months to the end of October, to £159,999. The annual rate of decline accelerated from minus 2.6% in September, with London once again the only region to see prices increase year-on-year. Last [...]
London masks price falls as activity seizes up
House prices in England and Wales rose 0.2% in October, to an average £220,056, according to the latest LSL/Acadametrics survey. However, the value of the typical home was down 1.3% on the year and the research also highlights the development of a two-tier market with prices outside London having fallen 2.7% on an annual basis. [...]
London masks price falls as activity seizes up
House prices in England and Wales rose 0.2% in October, to an average £220,056, according to the latest LSL/Acadametrics survey. However, the value of the typical home was down 1.3% on the year and the research also highlights the development of a two-tier market with prices outside London having fallen 2.7% on an annual basis. [...]
October house prices up 1.2%
UK house prices increased by 1.2% during October, according to Halifax (September -0.5%), with the mixed pattern of monthly price movements seen since the beginning of the year continuing. At £163,311, the value of the typical UK home was down 1.8% on an annual basis, while the three-month-on-three-month measure of the underlying trend registered a [...]
Regional economic divide widens
House prices across most of England and Wales are taking up the impact of an ever-widening economic divide, with latest figures from Begbies Traynor highlighting regional levels of financial distress among businesses. According to the insolvency specialist, the North East, North West, Yorkshire, the Midlands, the East of England and Wales have all seen a [...]
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 [...]
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 [...]
Inverness leads city house price inflation
Inverness has leapt ahead of all other UK cities when it comes to long-term house price inflation, according to Bank of Scotland research. Awarded city status in 2000, the cost of a typical home in Inverness has increased from £68,141 in 2001 to £169,257 today. However, Scotland accounts for nearly half of the UK’s best-performing [...]
City house price premium at record high
Homebuyers living in the UK’s cities are having to pay the highest premiums since 1983, according to new Halifax research. City house prices are on average 7%, or £14,462, above their county average, with premiums at their highest in southern England. Winchester heads the list for the UK as a whole, with house prices trading [...]
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 [...]
