The first of the March house price surveys shows the value of the average home up 0.5% during the month, to £164,751, taking the annual rate of inflation to 0.1%. According to Nationwide, prices have now increased modestly in three of the past four months, with the three-month-on-three-month measure (regarded as a better indicator of [...]
The Royal Institution of Chartered Surveyors (Rics) has today indicated house prices could fall by around 2% in the next 12 months. However, the Institution highlights that the fall could be much more severe if the Government’s austerity measures hamper the economic recovery. Many reports have pointed to a cooling housing market with continuous falls [...]
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 [...]
The latest house price index from Acadametrics shows the value of the average home in England and Wales rising by 0.5% in April, compared with March, to £225,963. The research tracks the twelfth consecutive month-on-month rise, which has given an annual increase of 12.9%. Acadametrics describes the recovery as “significant” but points out that London [...]
Halifax has reported that house prices rose by 1.1% in March, compared to a month earlier. The increase partly offsets February’s 1.6% fall and takes the average value of a home to £168,521. According to the lender, price rises have been recorded for eight of the past nine months, producing an annual gain of 5.2%. [...]
In February, the value of the average home in England and Wales rose 7% year-on-year, to £164,455, according to new figures from the Land Registry. The increase points towards a “strengthening in the housing market”, although the monthly house price change was negative, at -0.3%. On a regional basis, Wales was the region with the [...]
The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month. According to the Royal Institution of Chartered Surveyors’ (RICS) latest housing market survey, a net balance of 15% of surveyors reported a rise, rather than a fall, in [...]
Hometrack has reported a 0.3% rise in house prices in February, compared to January. Southern England continued to see the greatest upward pressure on prices, with average values in London up by 0.7% in the month. According to the housing intelligence firm, February also saw the first year-on-year rise since March 2008, at 0.4%, and [...]
In the first of the UK house price indices for February, Nationwide has reported a 1% drop in the average value of a home, compared to a month earlier. The decline ends nine consecutive monthly rises and the building society points out that bad weather and the end of the stamp duty holiday in January [...]
Halifax has announced a 0.6% rise in UK house prices in January, compared to a month earlier. The seventh successive monthly increase was more modest than the 1.1% average for the previous six months but nonetheless takes the price of a typical home to £169,777, or 3.6% more than at the start of 2009. The [...]
New research from The Department of Communities and Local Government (DCLG) claims that in November 2009, UK house prices were 0.6% higher than a year earlier, having leapt 1.7% since October. Using the three-month-on-three-month measure, the value of a typical home increased by 3.5%, compared with 2.6% in the quarter to the end of August. [...]
UK house prices rose at a slower pace in December, as the gap between supply and demand narrowed. A new survey from the Royal Institution of Chartered Surveyors (RICS) reveals that 30% more Chartered Surveyors reported a rise, rather than a fall, compared with 35% reporting a rise in November. However, a significant majority of [...]
In its latest housing market survey, Nationwide reports that the average price of a UK home rose by 0.4% in December, compared to a month earlier, to £162,103. The increase takes the annual rate of gain to 5.9%, up from 2.7% in November. However, the three-month-on-three-month rate of change, which is regarded as a smoother [...]
Land Registry data for November show the average house price in England and Wales rising for the sixth consecutive month, to £161,554. The value of a typical home increased 0.9%, taking the annual decline to just 0.3%, or £8,800 above its April nadir. Wales experienced the greatest monthly rise with a positive movement of 2.9%. [...]
The Centre for Economics and Business Research (Cebr) has reported that while UK house price growth will moderate in 2010, a rise of between 2% and 4% can be expected. Some commentators on the market are expecting significant house prices falls in the months ahead, but Cebr argues that this is unlikely for a number [...]
In its November 2009 Housing Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that prices continue to rise, despite a modest increase in the number of properties coming up for sale. According to the research, a net balance of 35% of chartered surveyors agreed that prices were increasing, up from 34% in October. [...]
Nationwide has published the first of the November 2009 house price surveys, claiming that the average cost of a UK home rose 0.5% during the month, to £162,764. The seventh consecutive monthly increase follows an identical rise in October and takes annual house price inflation to 2.7%. The building society remarks that the UK labour [...]
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%, [...]
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 [...]
Nationwide has reported that UK house prices rose for the sixth consecutive month in October, although the rate of increase slowed from 0.9% in September and 1.4% in both July and August. However, the month saw the average value of a home 2% higher than a year earlier at £162,038, reflecting the first annual increase [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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