Tag: house price

House prices soar in London

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 […]

September 18, 2012 More
House prices up in March

House prices up in March

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 […]

March 31, 2011 More
Rics gives prediction for house prices in 2011

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 […]

December 22, 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 achieve 12.9% annual gain

House prices achieve 12.9% annual gain

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 […]

May 17, 2010 More
Halifax announces 5.2% annual house price rise

Halifax announces 5.2% annual house price rise

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%. […]

April 8, 2010 More
February house prices show 7% annual gain

February house prices show 7% annual gain

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 […]

March 28, 2010 More
House sale instructions outpace buyer interest

House sale instructions outpace buyer interest

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 […]

March 9, 2010 More
Hometrack puts February house prices 0.3% ahead

Hometrack puts February house prices 0.3% ahead

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 […]

March 2, 2010 More
House prices dip 1% in February

House prices dip 1% in February

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 […]

February 26, 2010 More
House prices up 3.6% on January 2009

House prices up 3.6% on January 2009

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 […]

February 4, 2010 More
Government figures put annual house price rise at 0.6%

Government figures put annual house price rise at 0.6%

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. […]

January 13, 2010 More
House price rises slow in December

House price rises slow in December

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 […]

January 12, 2010 More
House prices show 2009 gain of 5.9%

House prices show 2009 gain of 5.9%

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 […]

December 31, 2009 More
Official: house prices rise for six consecutive months

Official: house prices rise for six consecutive months

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%. […]

December 30, 2009 More
Cebr predicts 2010 house price rise of up to 4%

Cebr predicts 2010 house price rise of up to 4%

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 […]

December 28, 2009 More
RICS: House prices continue to rise

RICS: House prices continue to rise

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. […]

December 16, 2009 More
House prices up 0.5%

House prices up 0.5%

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 […]

December 1, 2009 More
Official figures show October house price rise

Official figures show October house price rise

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%, […]

November 28, 2009 More
Savills warns of further drop in house prices

Savills warns of further drop in house prices

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 […]

November 6, 2009 More