Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.6% in August compared with July. However, on an annual basis, house prices are 1.3% lower, taking the average UK house price to £208,476. The data from the DCLG is based on mortgage completions figures collected by […]
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 […]
Gender directive could slash men’s annuity payouts
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are no longer allowed to take gender into account when setting annuity rates and premiums on insurance products. Men previously enjoyed higher annuity rates than […]
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. […]
Lloyds TSB halts sale of packaged accounts in branches
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees […]
Housing market recovery to continue next year
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to £12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on […]
Newcastle Building Society exits interest-only mortgages
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages […]
Less than half of Brits considered creditworthy
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The ‘Mind the Credit Gap‘ report commissioned by aqua credit cards suggests that even people with a good credit rating and earning more than £50,000 could have a credit […]
Monthly incomes £22 lower in 2012
The average monthly income of UK households fell by £22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE […]
Savers dig deep to fund Christmas
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was £1,186, more than double the average savings […]
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though […]
Wonga launches Paylater loans on retailer website
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Company’s website. The service, which allows customers to “buy now, pay later” will be introduced on other retailers’ sites in the near future. Although the Paylater branding is similar to Wonga’s, the Wonga name only appears in the small print. A […]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
