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 Tagged ‘Market’
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, [...]
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 [...]
Jon Pain addresses mortgage industry on FSA’s mortgage market review proposals
FSA/PN/157/2009 November 2009 Speaking at the Council of Mortgage Lenders’ Annual Conference, Jon Pain, the Financial Services Authority’s (FSA) managing director of Supervision, said it is important to acknowledge that although the mortgage market worked well for many, it failed for a significant minority. Therefore, the priority must be to move towards a market that [...]
Stamp Duty return could have detrimental effect on regional housing market recovery – RICS
A return to the previous bands for stamp duty, when the current holiday is due to end on the 31st December 2009, could have a detrimental effect on the recovery of the housing market in regions that are already lagging behind, according to the latest research from RICS. More surveyors in the West and East [...]
Prime Time For Property Hunters?
HOME SEARCHERS SEIZE CHANCE TO SECURE DREAM HOMES The competitive house prices and rents seen over the past two years have opened up the prime property market to a wider variety of homebuyers and tenants, says email4property.co.uk, with many more now looking to make their move as the market shows signs of recovery. While seasoned [...]
Buy-to-let market grows for first time in two years – Council of Mortgage Lenders
Nov 09 Gross lending in the buy-to-let mortgage market grew in the third quarter for the first time in two years, according to data published today by the CML. At £2.1 billion, lending was 10% higher than in the previous three months. The third quarter also saw a similar first increase in two years in the number [...]
Inside Track – Investors suffer as Buy-to-Let backfires
If it looks too good to be true… walk away… The golden rule with property investment and development is research, research and more research and of course the oft used phrase of location, location and location. If a new build developer or selling agent offers you a discount from so called "normal price" simply ask [...]
