Tag: England

Hometrack: housing market holds steady

Hometrack: housing market holds steady

The housing market in England and Wales is “in broad equilibrium” despite prices continuing to edge lower, according to Hometrack, which recorded a 0.1% fall in the value of the typical dwelling in July, compared with June. However, there are wide regional variations: prices moved higher across 8% of postcodes (primarily in London) and were […]

July 25, 2011 More
Official: house prices in steepest decline since 2009

Official: house prices in steepest decline since 2009

Latest figures from the Land Registry show house prices in England and Wales falling by 1.1% in March, marking the largest monthly decline seen since February 2009. The only region to experience a monthly rise was the North West, with an upward movement of 0.7%, while in Wales house prices tumbled by 3.3%, compared with […]

May 5, 2011 More
House prices level but downward pressures loom

House prices level but downward pressures loom

House prices in England and Wales were unchanged in April, with no price fall recorded for the first time in nine months, according to Hometrack. A 0.3% rise in London prices offset small falls of up to -0.3% across other regions, with just under a quarter of the country showing falls. The housing intelligence firm […]

Report warnings of housing shortage

Report warnings of housing shortage

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 […]

March 14, 2011 More
Official: annual house price inflation 5.2%

Official: annual house price inflation 5.2%

The Land Registry has reported annual house price growth of 5.2% across England and Wales in September, marking the eleventh consecutive month in which annual property price inflation has remained above zero. However, the value of the typical home was at its lowest since December 2009 and the monthly change of -0.2% was the first […]

October 29, 2010 More
Halifax names property hotspots

Halifax names property hotspots

Ilford in Essex is the leading property sales hotspot in England and Wales, with an 85% rise in the number of homes sold in the first half of 2010, compared with the same period of 2009. Research from Halifax has identified Croydon and Maidenhead as the runners up, with sales rising 73% and 71% respectively. […]

October 3, 2010 More
Land Registry: house prices up 0.3%

Land Registry: house prices up 0.3%

The Land Registry’s latest house price index shows the average cost of a home in England and Wales rising by 0.3% in August. Having seen the fifth consecutive monthly increase, the value of the average home stood at £167,423, although on an annual basis the typical house price gain fell slightly compared with July, to […]

September 28, 2010 More
House prices slip 0.4%

House prices slip 0.4%

Hometrack recorded a 0.4% fall in house prices across England and Wales in September, as buyer demand slid by 2.9%. The average amount of time needed to sell a property increased to 9.3 weeks, up from 8.9 weeks in August. The South West posted the largest monthly decline, at 0.6%, followed by -0.5% in the […]

DCLG: house prices down in July

DCLG: house prices down in July

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 […]

September 15, 2010 More
House prices slip on supply / demand imbalance

House prices slip on supply / demand imbalance

Hometrack’s August housing market survey shows buyer interest in England and Wales falling away for the second consecutive month. Demand from new buyers declined by 2.2% on July, while the number of properties on the market rose by 2.4%. The shift cannot be blamed entirely on seasonal factor, with the typical rise in new properties […]

September 1, 2010 More
Tens of thousands trapped in negative equity until 2014

Tens of thousands trapped in negative equity until 2014

Tens of thousands of homeowners who bought during the housing boom face another four years of being trapped in negative equity. According to a new forecast from the National Housing Federation (NHF), those who purchased a property in England at the peak of the market in 2007 paid an average price of £216,800. They may […]

August 31, 2010 More
Land Registry: house price growth strongest this year

Land Registry: house price growth strongest this year

The Land Registry has reported that house prices in England and Wales increased by 0.4% in July, with growth at its strongest since the start of the year. The rise took the average value of a home to £166,798 but left annual growth at 6.7%, down from 8.4% in June. Data for London show monthly […]

House sales doubled since January

House sales doubled since January

Housing market transactions increased for the second consecutive month in July, according to the LSL/Acadametrics House Price Index. The Index, which is based on every house sale in England and Wales, showed an 11% rise, to 72,100, meaning that activity has doubled since January. July also saw house prices increase for the first time in […]

August 14, 2010 More
House prices slip as new buyer enquiries decline

House prices slip as new buyer enquiries decline

New research from Hometrack shows house prices in England and Wales slipping in July, for the first time in 15 months. The housing intelligence firm has recorded a 0.1% decline as the market continues to take up the impact of a surge in new instructions, alongside a 1.3% drop in new buyer enquiries. Hometrack director, […]

July 27, 2010 More
Nationwide terminates England sponsorship deal

Nationwide terminates England sponsorship deal

Nationwide Building Society is to terminate its £20 million sponsorship deal of the England football team after 11 seasons. The announcement is a further blow to the England team and follows its early exit from the World Cup tournament. The Nationwide, which is Britain’s largest building society, said it submitted an offer to extend the […]

July 5, 2010 More
Official: annual house price rise in double digits

Official: annual house price rise in double digits

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 […]

June 16, 2010 More
Housing market “delicately poised”

Housing market “delicately poised”

Both the number of homes sold in England and Wales and the prices achieved fell during May, according to Acadametrics. The number of properties changing hands declined by an estimated 18% from April, while the value of the average home dipped by 0.2%. On an annual basis, prices in England and Wales were 9.7% higher […]

June 12, 2010 More
Head to Withernsea for affordable seaside homes

Head to Withernsea for affordable seaside homes

Those with a yearning to live by the sea should head north, according to research from Halifax. The lender has declared Withernsea in the East Riding of Yorkshire the most affordable seaside town in England and Wales, with house prices typically three times local annual gross average earnings. All ten most affordable seaside towns are […]

June 2, 2010 More
Official annual house price inflation hits 8.5%

Official annual house price inflation hits 8.5%

House prices in England and Wales showed an 8.5% annual gain in April, the average value of a home having risen 0.2% on March, according to the Land Registry. The figure reflects the highest annual change since September 2007 and takes the average house price to £165,596. The North East experienced the greatest monthly rise […]

June 1, 2010 More
Nationwide’s football bond is “gimmicky”

Nationwide’s football bond is “gimmicky”

Savings experts have warned that a new Football Bond from Nationwide is a World Cup “gimmick”. Customers who take out the bond will he paid a bonus if England wins the World Cup trophy this summer. The four-year fixed rate bond pays 4.15% (AER) gross per year. If England win the World Cup, the interest […]

May 18, 2010 More