News Tag: England
March 12, 2010
Since the start of the year, house sales in England and Wales have fallen dramatically, the BBC reports.
New data obtained by the BBC from research-based consultancy, Acadametrics, show January transaction levels down 52% on December, at 36,000.
February looks little better with an estimated 40,000 completed sales, although seasonal trends, winter weather, and the end of stamp duty holiday ...
House sales plummet but prices recover to 2007 levels
by Gill Montia
February 17, 2010
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 2009.
However, the three-month ...
Official figures show 2.9% house price gain for 2009
by Gill Montia
February 2, 2010
Hometrack has declared that the housing market in England and Wales has seen a "sluggish" start to the year, after an unexpectedly strong end to 2009.
In its January survey, the housing intelligence firm detected a 0.1% rise in the price of the average home, compared with December; however, the year-on-year rate of grow stood at a disappointing minus 0.1%.
Both the number of ...
Hometrack: house prices down year-on-year
by Gill Montia
January 28, 2010
Homeowners in England and Wales saw a 20% drop in the proportion of their take-home pay spent on monthly mortgage repayments in 2009.
The latest mortgage affordability research from Barclays' Woolwich lending arm reveals that in December 2008, mortgage borrowers spent an average £196 of every £1,000 of their monthly take-home pay on their home loans.
However, a year later the proportion has ...
Positive shift in mortgage affordability
by Gill Montia
December 29, 2009
Halifax has identified the most expensive addresses in England and Wales, with Wycombe Square in the Royal Borough of Kensington and Chelsea topping the league at an average property price of £5,401,447.
According to the lender's research, the Royal Borough provides half of the 20 most expensive residential streets in the survey, while Greater London lays claim to the top ten.
Outside the ...
Halifax reveals most expensive addresses
by Gill Montia
December 28, 2009
Hometack expects the housing market in England and Wales to feel the effects of rising unemployment in the months ahead.
The housing intelligence firm is predicting a 1% fall in the average cost of a home in 2010, despite a rise of 0.1% in December, which followed on from a 0.2% increase in November.
However, December also saw the number of potential ...
Rising unemployment to scupper house price growth
by Gill Montia
December 15, 2009
Rightmove has reported that the average asking price for a home in England and Wales fell for the second consecutive month during December.
The property website recorded a typical 2.2% drop in vendors' ambitions over the four weeks to 5th December (to £221,463) following a 1.6% decline during the previous four week period.
Meanwhile, the number of homes on the market has plummeted ...
Rightmove asking prices down 2.2%
by Gill Montia
December 10, 2009
The Audit Commission has launched a new website that provides plenty of detailed information for home movers relocating to new areas in England.
"Oneplace" is described by the Government watchdog as a "reporting website for Comprehensive Area Assessment", meaning the site includes independent information about how councils, police, health services and others are tackling the major issues of society, ...
“Oneplace” to visit for home moves out of area
by Gill Montia
November 30, 2009
House prices in England and Wales increased 0.2% in November, according to Hometrack.
The fourth consecutive monthly rise eased the annual decline to 2.9%, compared with 4.2% in October.
The research also revealed that price rises had a strong regional bias, with London and the South East reporting growth in 79% and 57% of post code areas respectively, compared to an average of 37%.
A ...
House prices put on 0.2%
by Gill Montia
November 28, 2009
Land Registry figures shows house prices in England and Wales rising 0.6% in October 2009, compared to a month earlier.
The average value of a home increased for the fifth successive month, to £159,546, with the annual decline falling back to minus 3.4%.
The North West of England saw the biggest monthly gain, at 1.9%, followed by the North East and South ...
Official figures show October house price rise
by Gill Montia
November 26, 2009
Being near a top performing primary school in England can add as much as £19,500 to the value of a home, research by Nationwide Building Society has found. Houses near a school where every 11-year-old achieves at least a level four in their Sats exams are worth 11% more than average, Nationwide discovered. However, just 2.4% of primary schools in England achieve this 100% pass rate. A 10% increase in Sats pass rates ...
Homes near top schools worth £20,000 more
by David MastersBeing near a top performing primary school in England can add as much as £19,500 to the value of a home, research by Nationwide Building Society has found. Houses near a school where every 11-year-old achieves at least a level four in their Sats exams are worth 11% more than average, Nationwide discovered. However, just 2.4% of primary schools in England achieve this 100% pass rate. A 10% increase in Sats pass rates ...
September 9, 2009
Two thousand new council houses are to be built across England in the biggest expansion of its kind in 20 years.
According to a BBC report, ministers have announced details of projects in 47 areas; 12 in the Midlands, seven in the North West; six in London; six in Yorkshire and Humber; six in the South West; five in the North ...
Councils to build 2,000 new homes
by Gill Montia
August 29, 2009
Official figures show house prices in England and Wales rising by 1.7% in July, compared with June, marking the biggest monthly increase since July 2004.
According to Land Registry data all regions recorded a monthly rise in values, nudging the average cost of a home up to £155,885 (from £153,046 in June) and easing the annual rate of fall to ...
Official figures show 1.7% rise in house prices
by Gill Montia
August 22, 2009
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 of 2008.
The second quarter of 2009 also saw ...
New housing starts up 63%
by Gill Montia
August 7, 2009
The Insolvency Service has today revealed the impact of the recession after the number of people being declared insolvent in England and Wales hit a record high.
According to the figures, a record 33,073 people in England and Wales were declared insolvent in the second quarter of 2009.
This represents a rise of 9% compared with the first quarter of 2009 and 27.4% ...
Personal insolvencies soar to record high
by Kay Murchie
August 3, 2009
The National Housing Federation (NHF) has produced an alarming forecast for the housing market in England.
The body, which represents not-for-profit housing associations, is predicting "substantial" price falls in 2009 and 2010 followed by a rise of 20% by 2014.
According to research undertaken by Oxford Economics for NHF, house prices in England will fall by 12.2% this year and ...
“Substantial” house price falls this year and next
by Gill Montia
July 28, 2009
Hometrack has reported that house prices in England remained level in June, as in May, easing the annual rate of decline in values to 8.7%.
The housing intelligence firm suggests that a scarcity of homes for sale is propping up prices, with southern England experiencing the strongest market.
According to the research, the past six months have seen the volume of buyers ...
Housing market strengthens in South East
by Gill Montia
July 14, 2009
Brits living in north west England have been hardest hit by the recession, new research has discovered.
Seven in ten households in the north west have significantly changed their lifestyles since the recession.
This is compared to a national average of 64%.
Two thirds (66%) of those in the north west have reined in their spending and become more conscious of their outgoings, while ...
North west worst hit by recession
by David Masters
June 28, 2009
The Government has announced details of the first round of grants under the £5 million Flood Protection Scheme, which is aimed at helping homeowners reduce the risk of flood damage.
Twenty five local authorities in England can call on an initial £3 million under the scheme and 593 properties should benefit.
The money is to be spent on practical flood protection solutions, including ...
Flood Protection Scheme grants now available
by Gill Montia
June 22, 2009
Rightmove has reported that the average asking price of homes in England and Wales fell 0.4% in the five weeks to 13th June.
The decline follows a 2.4% rise in the same period to 9th May, equating to a jump of £5,000 in a typical vendor's ambitions.
According to the property website, the average asking price now stands at 226,436, down 5.5% ...
Asking prices slide 0.4% in June
by Gill Montia
