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 [...]
Sales
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: sales increase as prices slip
The UK housing market saw a rise in activity during October, with sales increasing and demand edging up, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS). Eight per cent more surveyors reported a rise in newly-agreed sales rather than a fall, whereas the proportion was in negative territory during September. [...]
House sales show August rise
The UK’s stagnating housing market experienced something of a bounce in August, according to data from “For Sale” board contractor, Agency Express. Activity proved surprisingly resilient given seasonal trends, with “Sold” properties up 3.9% on July, the highest August rise recorded by the firm since 2007. The South East topped the list of hot-spots with [...]
House sales show August rise
The UK’s stagnating housing market experienced something of a bounce in August, according to data from “For Sale” board contractor, Agency Express. Activity proved surprisingly resilient given seasonal trends, with “Sold” properties up 3.9% on July, the highest August rise recorded by the firm since 2007. The South East topped the list of hot-spots with [...]
RICS: house price expectations negative
The April 2011 housing market survey from the Royal Institution of Chartered Surveyors (RICS) shows a “broad based” improvement in market conditions, when compared with March. More surveyors reported house price falls, rather than rises, but for 82% of those reporting falls, declines did not exceed 2%. London was the only region of England where [...]
Housing market confidence on the rise
Agency Express has hailed its latest Property Activity Index as further evidence that confidence is returning to the housing market. According to the UK’s biggest “For Sale” board contractor, March saw the second consecutive monthly rise in the number of homes sold, with sales up 23.2% on February and up 4.8% year-on-year. All regions saw [...]
Hometrack: house prices slip in March
Hometrack’s latest survey shows house prices across England and Wales falling by 0.1% in March, compared with February, taking the value of the typical home down to £153,100. Twenty-seven per cent of post codes registered falling prices leaving 8% recording rises, including London which saw the first uplift for eight months (+0.2%), on the back [...]
Early signs of improvement in property market
February saw some signs of improvement in the UK residential housing sector, with buyer, tenant and mortgage demand increasing, according property services group, Countrywide.
Property viewings increased by 40% across the group’s network of 1,300 estate agency and lettings offices, and the number of house sales agreed also rose 47%, when compared with January, although sales [...]
Housing market sees stronger regional variations
The UK housing market is experiencing strong regional variations, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).
London was the only region to record a positive reading for house prices in February, while outside the Capital 26% more RICS members surveyed saw prices fall, rather than rise, with the East of [...]
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 [...]
Persimmon reports “encouraging” sales and stable prices
Persimmon says it is well positioned for the upturn in the UK housing market, when it occurs, having seen sales increase 4.5%, to 9,384, in 2010, compared with a year earlier.
The group, which includes Charles Church and Westbury Partnerships, opened 165 new sites during the year and acquired around 10,200 plots of land, while achieving [...]
House prices show 0.9% annual decline
New house price data from the Land Registry show homes in England and Wales putting on 0.2% in January, taking the average value of a property to £163,177.
However, the annual rate of change stood at minus 0.9%, the first negative figure seen since October 2009.
In addition, property sales decreased from an average of 60,898 per [...]
RICS: housing market remains sluggish
The UK housing market remained sluggish during January, the Royal Institution of Chartered Surveyors (RICS) reports.
Lack of buyer demand and low levels of supply meant that 7% more surveyors reported demand for property falling, rather than rising, with potential purchasers remaining cautious about the outlook for the economy, and the possibility of mortgage rate increases [...]
Bellway site visitors and reservations “encouraging”
In a trading update covering the six months to the end of January 2011, Bellway has reported that it sold 2,332 homes, an increase of 85 units compared with the same period a year ago.
The average sales price of a property rose by around 8% year-on-year, to £168,000, but largely due to a change [...]
House sales and new listing show January rise
The latest Property Activity Index from Agency Express shows a 34.3% hike in the number of properties being put on the market in January, compared with a year earlier.
The UK’s biggest “For Sale” board contractor also reports that the number of sales agreed rose 25.7%, compared with January 2010, and were also up 13.4% on [...]
Official: house prices up 1.5% in 2010
The Land Registry’s latest House Price Index shows the average price of a home in England and Wales up 1.5% over the whole of 2010, although December marked the seventh consecutive month in which annual growth slowed.
The month saw a negative change of -0.2%, with the South West the region with the most significant fall, [...]
RICS: house prices to lose 2% in 2011
In its forecast for 2011, the Royal Institution of Chartered Surveyors (RICS) says it expects UK house prices to finish the year 2% down.
While the value of the average home is likely to continue to slip over the coming months, falling supply should stabilise the market at some stage before July, with prices possibly edging [...]
Housing and mortgage markets to remain broadly flat in 2011
In its forecast for 2011, the Council of Mortgage Lenders (CML) says it expects low interest rates to underpin “significantly” current house prices, despite low levels of property sales.
The lenders’ body is even suggesting that the base rate could remain at its current level of 0.5% for the whole of next year.
Low interest rates should [...]
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 of the holiday will have a “detrimental effect” in areas that are yet to see a recovery from the recession, and widely expect to see a drop in market activity when the threshold reverts back to its previous ways. The temporary stamp duty holiday was implemented in September 2008 and will finish at the end of the year.
The 1% tax will be reintroduced for properties sold over £125,000 compared with the £175,000 currently in operation, with The Royal Institution of Chartered Surveyors calling for the tax to be restructured. The Council of Mortgage Lenders calculates that 132,500 houses that were bought funded with a mortgage had escaped paying stamp duty in the past year.
“This is one of those situations where we will have to wait and see what the long term affects are to the housing market, but there can be no doubt that the stamp duty holiday has been a huge help to various regions in the UK,” says Laurence Smith of Decision Homebuyers. “People looking to sell a house quick or who are looking to buy a property are now working under different market conditions, and will have to cater their budgets accordingly as a result.”
To find out more about Decision Homebuyers and their services:
Please call 08456 341 456
or visit: http://www.decisionhomebuyers.co.uk/
About Decision Homebuyers:
Established in 2006 and specialising in fast property purchase, Decision Homebuyers are experts in their field. Decision Homebuyers can buy your house fast and guarantee to make cash offers on all types of residential and commercial property, no matter what the condition.
