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News Tag: house price

September 18, 2012

House prices soar in London

by Jan Harris
House prices soar in London
UK house prices grew at their fastest rate in London in the year to the end of July, according to the latest House Price Index from the Office for National Statistics (ONS). While house prices increased by 5.7 per cent in the capital, they increased by just 2 per cent in the rest of the UK, a significantly lower increase than the level ...

March 31, 2011

House prices up in March

by Gill Montia
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 underlying trend) up 0.6%. However, the building society’s ...

December 22, 2010

Rics gives prediction for house prices in 2011

by Kay Mitchell
Rics gives prediction for house prices in 2011
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 in mortgage approvals. In addition, yesterday ...

September 28, 2010

Land Registry: house prices up 0.3%

by Gill Montia
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 6.7%. The West Midlands experienced the greatest monthly ...

May 17, 2010

House prices achieve 12.9% annual gain

by Gill Montia
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 is leading the way. According to the analysis: "There ...

April 8, 2010

Halifax announces 5.2% annual house price rise

by Gill Montia
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%. However, in the first three ...

March 28, 2010

February house prices show 7% annual gain

by Gill Montia
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 most significant monthly price fall with a ...

March 9, 2010

House sale instructions outpace buyer interest

by Gill Montia
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 new instructions, compared with a negative balance ...

March 2, 2010

Hometrack puts February house prices 0.3% ahead

by Gill Montia
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 the survey shows prices rising across ...

February 26, 2010

House prices dip 1% in February

by Gill Montia
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 will have played their part. Using a quarter-on-quarter ...

February 4, 2010

House prices up 3.6% on January 2009

by Gill Montia
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 annual rate of change (which is ...

January 13, 2010

Government figures put annual house price rise at 0.6%

by Gill Montia
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. The average cost of a ...

January 12, 2010

House price rises slow in December

by Gill Montia
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 surveyors were still recording price increases in ...

December 31, 2009

House prices show 2009 gain of 5.9%

by Gill Montia
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 indicator of the near-term trend, fell from ...

December 30, 2009

Official: house prices rise for six consecutive months

by Gill Montia
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%. However, London continued to lead the way ...

December 28, 2009

Cebr predicts 2010 house price rise of up to 4%

by Gill Montia
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 of reasons. According to ...

December 16, 2009

RICS: House prices continue to rise

by Gill Montia
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. In addition, more RICS members reported a rise, ...

December 1, 2009

House prices up 0.5%

by Gill Montia
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 market has so far held up better than expected and ...

November 28, 2009

Official figures show October house price rise

by Gill Montia
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 ...

November 6, 2009

Savills warns of further drop in house prices

by Gill Montia
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 ...