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 [...]
A report by the Institute for Public Policy Research (IPPR) has established that England could face a massive housing shortage by 2025. The think tank concludes that there is likely to be a shortfall of 750,000 homes by 2025 with the areas worst hit including London, the South East of England, the East, and Yorkshire [...]
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 [...]
National Statistician Jil Matheson is recommending a single headline measure of house prices be introduced. Ms Matheson, the Government’s chief adviser on official statistics, conducted a review into official housing data following concerns from people who monitor house prices from various indices. Currently, there are two official house price indexes, one published by the Land [...]
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, [...]
The Department for Communities and Local Government is claiming that new figures justify concerns over the number of gardens “grabbed” for development in the last 12 years. According to Decentralisation Minister, Greg Clark, the percentage of new homes built on previously residential land, which includes back gardens, has increased to 25%, up 14% since 1997, [...]
House prices were 10.1% higher in April than a year earlier, having gained 0.4% during March. New figures from the Department for Communities and Local Government put the average cost of a UK home at £207,516, taking into account a 0.9% rise over the three months to the end of April. However, the quarterly increase [...]
The latest house price index from the Department for Communities and Local Government claims that in January, prices were up 6.2% year-on-year, having risen 2.2% since December. The analysis puts the value of the average UK home at £207,159 in January, having shown an increase of 4.8% over three months. The quarterly figure compares with [...]
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 [...]
House building in England has surged, with figures from the Department for Communities and Local Government showing a 63% quarterly rise in the number of new starts. During the three months to the end of June work began on an estimated 29,980 homes although the figure fell 9% short when compared to the same period [...]
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% [...]
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 [...]
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 [...]
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 [...]
ICB final report recommends ring-fencing
The Independent Commission on Banking’s (ICB) final report has been published today and is recommending that UK banks should ring-fence their retail banking operations. According to the report, ring-fencing would protect banks from riskier investment banking divisions and would “make it easier and less costly to resolve banks that get into trouble”. The ICB, which [...]
Tullow Oil leads 100 in London
European equities markets were significantly lower Friday on an increased possibility that Greece could default on its debt as soon as this weekend, raising the concern level over the European region’s debt problems and ratcheting up worries that the economic recovery is faltering. Additionally, markets reacted to the resignation of European Central Bank board member [...]
SMMT: UK car sales rise in August
The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales saw their first rise in 14 months in August. According to the trade body, car sales rose by 7.3% in August compared with the same month in 2010, with sales of smaller cars rising by more than 30%. The Ford Fiesta remained [...]
Factory gate inflation higher than expected in August
The Office for National Statistics (ONS) has today revealed UK producer output prices held steady in August – remaining at the highest annual rate since October 2008. According to the ONS, output prices (factory gate) annual inflation for all manufactured products held steady at July’s upwardly revised reading of 6.1% in August. The figures were [...]
US exports surge, Obama unveils jobs plan
The Commerce Department has revealed US exports hit an all-time high in July, while imports fell. According to official figures, exports surged 3.8% to $178 billion (£111 billion) after two months of declines. The rise in exports was attributed to strong overseas sales of manufactured goods, particularly to countries in Central and South America. Meanwhile, [...]
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