News Tag: falls
November 6, 2009
Recent signs of recovery in the UK housing market have not convinced Savills that house price falls are over.
The up-market estate agent is predicting that prices could fall by 6.6% in 2010, wiping out this year's estimated gain of 3.7%.
Currently estate agents are reporting a shortage of properties on the market but Savills expects the number of homes for ...
Savills warns of further drop in house prices
by Gill Montia
September 11, 2009
A new report from Fathom Consulting shows that the average selling price of houses at auction has fallen to 70% of the open market value, compared to 90% three months ago.
According to the economic and financial market analyst, the data suggests that UK property prices may dip again this autumn.
The research is based on the Zoopla Auction Price Index, ...
Auction prices indicate further house price falls
by Gill Montia
August 10, 2009
The Centre for Economics and Business Research (CEBR) said today it expects house prices to lose a further 3% of their value during the remainder of 2009, before bottoming out and rising just 2% in 2010.
Benjamin Williamson, CEBR economist, said: "Our view is that the extent of house price falls already seen means further significant falls are unlikely."
According to the ...
CEBR: Further significant house price falls unlikely
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
December 1, 2008
Latest figures show that British manufacturing shrank at a record pace in November.
The Purchasing Managers' Index fell to 34.4 in November, compared to 40.7 in October, the lowest level and the biggest fall experienced since the index began in 1992.
Rob Dobson, senior economist at Markit which collects the data together with the CIPS, said the scale of the downturn in ...
British and US manufacturing in record falls
by Kay Murchie
July 15, 2008
The Royal Institution of Chartered Surveyors (Rics) has reported that house sales fell to their lowest level in 30 years in the three months to the end of June.
Rics members said that they sold an average of 15 properties during the period, almost 40% below the figure for the same period of 2007.
According to the Institution's spokesman, Jeremy ...
House sales at lowest level for 30 years
by Gill Montia
June 10, 2008
The Council of Mortgage Lenders (CML) estimates that up to 23,000 of the homeowners who borrowed 100% of the purchase price of their properties in the 12 months to the end of March, could face negative equity.
As property prices continue to fall (the Halifax recorded a 2.4% drop in May), the number of people whose mortgages outsize the value of their ...
Negative equity looms for 23,000 homeowners
by Gill Montia
