Tag: house prices

Unrealistic house prices hamper market

Unrealistic house prices hamper market

Although more new houses were put up for sale in December, transactions were hampered by sellers asking too high a price for their properties, according to the Royal Institution of Chartered Surveyors (RICS). December saw the number of houses put up for sale increase for the third month in a row, especially in London where [...]

January 10, 2012 | 0 Comments More
House prices down 1.3% in 2011

House prices down 1.3% in 2011

Mortgage lender the Halifax claims that house prices fell by 1.3 per cent last year to an average of £160,063, their lowest level since July 2009. According to the Halifax House Price Index, house prices fell 0.9 per cent in December, compared with the previous month. Although prices rose in the third quarter of 2010, [...]

January 6, 2012 | 0 Comments More
Halifax expects housing market to hold steady

Halifax expects housing market to hold steady

The Halifax reported a 0.9 per cent fall in house prices in November, compared with the previous month, and it expects the housing market to remain steady over the winter. November’s fall in house prices came despite a 3 per cent increase in the number of mortgages approved during the month to 52,700, according to [...]

December 6, 2011 | 0 Comments More
Nationwide reports increase in house prices

Nationwide reports increase in house prices

The latest house price figures from Nationwide Building Society contradict yesterday’s news from the Land Registry that house prices have fallen over the past year. Nationwide today said that house prices are ‘surprisingly resilient’ with November’s figures showing a year-on-year increase of 1.6%. In contrast the latest Land Registry figures showed a 3.2 per cent [...]

November 29, 2011 | 0 Comments More
House price decline speeds up

House price decline speeds up

House prices fell at a faster rate in October than they did in the previous month, according to Land Registry figures, with the average house price dropping to £160,000. The house price index fell 3.2 per cent in October, compared with a 2.6 per cent fall in September. Although house prices in London fell by [...]

November 28, 2011 | 0 Comments More
Houseowners must save to climb property ladder

Houseowners must save to climb property ladder

Not so long ago houseowners could rely on the equity in their existing property, generated by its growing market value, to fund a move to a larger home, but new research from HSBC confirms that this is often no longer an option. The bank suggests that a fall in property prices means that first time [...]

November 15, 2011 | 0 Comments More
Outlook for mortgage market uncertain

Outlook for mortgage market uncertain

Although the mortgage market is currently stable, the outlook remains uncertain in the face of the eurozone crisis. The Council of Mortgage Lenders (CML) has reported that 48,200 mortgages were taken out to buy homes in September, two per cent less than in the previous month. However there was a 3 per cent improvement in [...]

November 14, 2011 | 0 Comments More
October house prices up but north/south divide worsens

October house prices up but north/south divide worsens

New figures from the Halifax show a 1.2 per cent increase in house prices in October, however compared with a year ago they have fallen by 1.8 per cent. In the three months to the end of October, house prices fell by 0.3 per cent, compared with the previous quarter, representing the first fall since [...]

November 7, 2011 | 0 Comments More
Nationwide: House prices rise 0.4% in October

Nationwide: House prices rise 0.4% in October

The latest house price index from the Nationwide Building Society has revealed prices rose by 0.4% in October on a monthly basis. On an annual basis, house prices are now 0.8% higher than this time last year – representing the first yearly rise in six months – with the average UK home costing £165,650. However, [...]

November 1, 2011 | 0 Comments More
US consumer confidence slumps in October

US consumer confidence slumps in October

US consumer confidence slumped in October, the Conference Board has reported. The closely-monitored Consumer Confidence Index from the Conference Board dived to 39.8 this month from September’s reading of 46.4. Not only was the reading less than forecasts of a level of 46.0, it was the lowest since March 2009, when the US was in [...]

October 26, 2011 More
Rics: Economic fears hit housing market confidence

Rics: Economic fears hit housing market confidence

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market is suffering due to fears over the economy. However, the Institution said the number of enquiries from potential new buyers increased marginally in the month, with 3% more surveyors reporting a rise rather than a fall. First-time buyers, in particular, [...]

October 11, 2011 More
CML: Mortgage lending increases in August

CML: Mortgage lending increases in August

The Council of Mortgage Lenders (CML) has today reported the number of loans for house purchase rose in August. According to the Council, there were 52,000 loans advanced for house purchase (worth £7.9 billion) in the month – up from 48,700 (£7.2 billion) in July. The Council described today’s figures as “welcome signs of life” [...]

DCLG: House prices rise 0.6% in August

DCLG: House prices rise 0.6% in August

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.6% in August compared with July. However, on an annual basis, house prices are 1.3% lower, taking the average UK house price to £208,476. The data from the DCLG is based on mortgage completions figures collected by [...]

Halifax reports 0.5% fall in September house prices

Halifax reports 0.5% fall in September house prices

The Halifax has today revealed UK house prices fell by 0.5% in September on a monthly basis and follows a 1.2% fall in August. The latest fall takes the average cost of a UK home to £161,132, the Halifax said. On an annual basis, meanwhile, prices are 2.3% lower, said the lender, which is now [...]

October 6, 2011 More
Hometrack: House prices fall in September

Hometrack: House prices fall in September

According to housing intelligence group, Hometrack, house prices in England and Wales fell in September – the 15th consecutive monthly fall. According to Hometrack, house prices dipped by 0.1% in September on a monthly basis and are 3.5% lower on the year. Hometrack attributes the ongoing trend to weak demand for housing on the uncertainty [...]

October 3, 2011 | 1 Comment More
Nationwide: House prices rise just 0.1% in September

Nationwide: House prices rise just 0.1% in September

The latest house price index from the Nationwide Building Society has revealed prices rose by just 0.1% in September on a monthly basis. On an annual basis, house prices are now 0.3% lower than this time last year with the average UK home costing £166,256. Meanwhile, when comparing prices in the three months to the [...]

September 29, 2011 | 0 Comments More
Land Registry reports 0.3% fall in August house prices

Land Registry reports 0.3% fall in August house prices

According to the Land Registry, house prices fell by 0.3% in August after a 1.3% rise in July. The latest fall takes the average cost of a home to £162,347 in England and Wales. On an annual basis, meanwhile, the Registry said prices are 2.6% lower. It must be noted that the Land Registry compiles [...]

September 28, 2011 | 0 Comments More
Rics: Housing market remains in the doldrums

Rics: Housing market remains in the doldrums

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in August with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

September 13, 2011 | 0 Comments More
Halifax reports 1.2% fall in August house prices

Halifax reports 1.2% fall in August house prices

The Halifax has today revealed UK house prices fell by 1.2% in August on a monthly basis – reversing the gains noted in the previous three months. The latest fall takes the average cost of a UK home to £161,743, the Halifax said. However, on an annual basis, prices are 2.6% lower, said the lender, [...]

September 7, 2011 | 0 Comments More
Nationwide: House prices down 0.6% in August

Nationwide: House prices down 0.6% in August

The latest house price index from the Nationwide Building Society has revealed prices fell by 0.6% in August on a monthly basis – the fastest pace since October 2010. On an annual basis, house prices are now 0.4% lower than this time last year with the average UK home costing £165,914. The latest figures suggest [...]

September 1, 2011 | 1 Comment More