Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 1.2% in March compared with February. On an annual basis, house prices are 0.9% higher, taking the average UK house price to £205,565. The data from the DCLG is based on mortgage completions figures collected by the [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.3% in February compared with January, with the average UK home costing £204,164. On an annual basis, house prices rose 0.7% - beating expectations for a 0.1% rise. The data from the DCLG is based on mortgage [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 1.4% in January compared with December, with the average UK home costing £208,552. On an annual basis, house prices are now 0.5% lower - compared with 3.8% in December - the eighth month in a row in [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.5% in December compared with November, with the average UK home costing £208,148. In the meantime, on an annual basis, house prices are 3.8% higher, according to the DCLG. For the 2010 year, house prices in England [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 0.1% in October compared with September, with the average UK home costing £209,466. In the meantime, on an annual basis, house prices are just 5.5% higher, down from the 6.1% annual rise in September. The figures come [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 0.8% in September compared with August, with the average UK home costing £211,815. The quarter-on-quarter growth rate, which is a more reliable indicator or near-term price trend, also fell by 0.7%, compared with a rise of 1.6% [...]
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices crept up by 0.7% in August compared with July, with the average UK home costing £213,116. On an annual basis, house prices were up 8.3% in August, slightly down from the 8.4% reported in July. Despite the monthly rise, [...]
New figures from the Department for Communities and Local Government (DCLG) show the average UK house price falling by 0.3% in July, with the annual rate of inflation slowing to 8.4%, compared with 9.9% in June. On a country basis, annual house price rises were evident in England 9.0%; Scotland 3.7% and Wales 10.1%, while [...]
Latest UK house price statistics from the Department for Communities and Local Government (DCLG) show the value of a typical home up 2.9% in December, compared to a year earlier. The month saw a 0.8% increase on November, taking the average house price to £200,307 and completing a 2.9% gain for the final quarter of [...]
The Department for Communities and Local Government (DCLG) has released housing market statistics for April, showing a 1.1% month-on-month increase in prices. The rise left the average price of a home 13.0% down on April 2008, at £189,215. On a regional basis, annual price falls are as follows: England -13.2%; Wales -10.3%; Scotland -8.6% and [...]
The Department for Communities and Local Government (DCLG) has released its UK house price statistics for January, based on mortgage completions during the month. The figures show the average cost of a home falling 11.5% since January 2008, to £195,724. However, the decline in prices eased during the three months to the end of January [...]
MPs have slammed the government department that has responsibility for UK housing issues. In a newly published report, a committee reviewing the work of the Department for Communities and Local Government (DCLG) has concluded that the government body lacks the skills needed to formulate the policies for which it is responsible. The taxpayer has been [...]
Figures from the Department for Communities and Local Government (DCLG) show UK house prices falling 2.3% in December. Detached homes were at the forefront of the decline with the average value falling by 4.1% during the month. Meanwhile, terraced houses lost 0.8%; flats were down an average 2.4%; bungalows and semi-detached homes down by 2.3% [...]
Official figures from the Department of Communities and Local Government (DCLG) show that in October, the average cost of a UK home had fallen 7.4% from a year earlier. The monthly fall stood at 2.5% taking the average cost of a property to £203,539; London remained the UK’s most expensive city with an average house [...]
The Government is today unveiling a number of measures to help kick-start the UK housing market by offering relief to homeowners in financial difficulties and first-time buyers. Households in England earning less than £60,000 per annum will be helped into home ownership with a loan of up to 30% of a property’s value. The loan [...]
Official figures show that a decline in the prices of flats has become a major factor in the housing market slowdown. Between May and June, a 3.6% fall in the price of flats contributed to the price of the average home falling from £216,625 to £215,029, according to the Department for Local Government and Communities [...]
The Department for Communities and Local Government (DCLG) has published its latest house price index which puts annual house price inflation at 4.9% in April. House prices actually rose by 0.7% during the month and the figure compares with annual inflation rates of 5.2% in March and 12.3% in July 2007, the point at which [...]
European equities markets were higher Wednesday as investors speculated that China might buy European bonds even though China’s premier said that nations with debt problems should not expect to be rescued. The FTSE 100 was up 1.02 percent to 5,227.02 in London, while the FTSE 250 added 0.97 percent to 10,107.9. Clothing retailer Next (LSE: [...]
Britons duped into buying “shoe-box” homes
Britons are being duped into buying new homes that are too small to live in comfortably, with house builders and estate agents demonstrating a distinct “lack of transparency” over floor space. According to research from the Royal Institute of British Architects (RIBA), thousands of brand new homes are failing to provide the space families need, [...]
UK unemployment up to 2.51 million
The Office for National Statistics (ONS) has today revealed UK unemployment rose sharply in the three months to July – the biggest rise in almost two years. The ONS said unemployment rose by 80,000 in the three month period to 2.51 million – far higher than the 70,000 expected by economists. The latest figures take [...]
John Lewis reports challenging trading environment
The John Lewis Partnership, which is regarded as a barometer of British retailing, has reported a marginal increase in sales and said trading conditions are “extremely challenging”. The renowned employee-owned chain, which owns the Waitrose supermarket chain, said sales rose 1% on a like-for-like basis in the six month period to 30 July. However, across [...]
European equities markets were higher Tuesday as banks came back from big declines on Monday, helped by a statement from Societe Generale’s (Euronext: GLE) CEO that his bank is healthy. The FTSE 100 was up 0.87 percent to 5,174.25 in London, while the FTSE 250 added 0.27 percent to 10,011, with banks the best performers [...]
Rics: Housing market remains in the doldrums
The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in August with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]
CML: Mortgage lending edges higher in July
The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]
UK inflation edges higher in August
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.5% last month from July’s rate of 4.4%. However, the figure was in line with analysts’ expectations. Higher inflation continues to be led by rising food costs but the main reason behind last month’s rise was a 5.1% [...]
Fresnillo down on silver prices
European equities markets were lower Monday on the possibility that Greece could default soon and on speculation that Moody’s Investors Service could cut its rating on several big banks with holdings tied to Greece. The FTSE 100 was down 1.63 percent to 5,129.62 in London, while the FTSE 250 dropped 1.65 percent to 9,983.75 as [...]
IFS warns of tough times for UK households
A report by the Institute for Fiscal Studies (IFS) has warned that households will be squeezed for the next decade as they suffer from the harsh spending cuts introduced by the Government. It said households are suffering one of the worst attacks on their finances since the Second World War and that the impact of [...]
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