News Tag: house price
March 9, 2010
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 ...
House sale instructions outpace buyer interest
by Gill Montia
March 2, 2010
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 ...
Hometrack puts February house prices 0.3% ahead
by Gill Montia
February 26, 2010
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 ...
House prices dip 1% in February
by Gill Montia
February 4, 2010
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 ...
House prices up 3.6% on January 2009
by Gill Montia
January 13, 2010
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 ...
Government figures put annual house price rise at 0.6%
by Gill Montia
January 12, 2010
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 ...
House price rises slow in December
by Gill Montia
December 31, 2009
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 ...
House prices show 2009 gain of 5.9%
by Gill Montia
December 30, 2009
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 ...
Official: house prices rise for six consecutive months
by Gill Montia
December 28, 2009
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 ...
Cebr predicts 2010 house price rise of up to 4%
by Gill Montia
December 16, 2009
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, ...
RICS: House prices continue to rise
by Gill Montia
December 1, 2009
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 ...
House prices up 0.5%
by Gill Montia
November 28, 2009
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 ...
Official figures show October house price rise
by Gill Montia
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
October 30, 2009
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 since March 2008.
The three-month ...
UK house prices 2% higher than a year ago
by Gill Montia
October 2, 2009
Nationwide has announced that UK house prices are now at the same level as a year ago.
In its latest review of the market, the lender found that the average value of a home rose by 0.9% in September, marking the fifth consecutive monthly increase and taking the year-on-year rate of change out of negative territory for the first time since ...
House prices rebound to September 2008 levels
by Gill Montia
September 15, 2009
In its August 2009 survey, the Royal Institution of Chartered Surveyors (RICS) reports that for the first time in over two years, a net balance of chartered surveyors saw rises, rather than falls, in house prices.
The net proportion of RICS members reporting price rises actually stood at 10.7%, the highest result since May 2007 when there was a net balance of ...
Surveyors positive on UK house price rises
by Gill Montia
September 12, 2009
A new report from Jones Lang LaSalle (JLL) is predicting that UK house prices could fall significantly over the next 18 months.
According to the Nationwide Index, house prices have risen 8% since the beginning of March; however analysts at JLL see the current rally as irrational and are forecasting a W-shaped recovery of the market.
In this scenario the company expects prices to ...
UK House price rally unsustainable
by Gill Montia
August 25, 2009
Persimmon has joined Bovis Homes in reporting signs of stabilisation in the UK housing market, with selling prices holding their own across the UK and sales ahead of expectations during the summer months.
According to the group, the mortgage market and the downward pressure of valuations on prices have both shown signs of improvement, although mortgage availability remains a concern ...
Persimmon joins Bovis reporting signs housing market stabilisation
by Gill Montia
August 24, 2009
In presenting its interim results Bovis Homes has reported signs of house price stabilisation, during the second quarter of 2009.
However, the housebuilder describes the UK market as remaining "fragile" with "mortgage valuations continuing to place downward pressure on negotiated prices".
The company completed 754 homes during the first six months of the year, compared to 851 a year earlier ...
Bovis reports signs of house price stabilisation
by Gill Montia
August 6, 2009
The Royal Institution of Chartered Surveyors (Rics) has followed Halifax and Nationwide in reporting a positive outlook for the UK's beleaguered housing market.
Following a "considerable shift" in sentiment, the Rics has abandoned its forecast of price falls of between 10% and 15% for 2009 and is predicting that prices could show a rise over the year.
However, the body ...
Rics house price forecast allows for annual rise
by Gill Montia
