Tag: house sales

Pick up in UK house sales expected

Pick up in UK house sales expected

House sales in the UK are expected to improve in the next three months, helped by the government’s funding for lending scheme, according to the Royal Institution of Chartered Surveyors (RICS). The Funding for Lending scheme, launched by the government and the Bank of England, makes £80bn of lower cost funding available to lenders to […]

October 9, 2012 More
Mortgage lending 24% higher in May

Mortgage lending 24% higher in May

Mortgage lending increased by 24 per cent to £12.2 billion in May, after a fall in April, according to the Council of Mortgage Lenders (CML). The figure was 13 per cent higher than a year ago. However, when the effect of the end of the stamp duty holiday on first-time buyer properties is excluded, the […]

June 22, 2012 More
80% aspire to own their home

80% aspire to own their home

Although house sales have plummeted in the past five years, most people still hope to own their own home in the future. Eight out of 10 people surveyed by the Council of Mortgage Lenders (CML) said they hoped to own their own home by 2022, while three quarters said they hoped to achieve this ambition […]

June 14, 2012 More
Mortgage scarcity contributes to fall in house sales

Mortgage scarcity contributes to fall in house sales

The Royal Institute of Chartered Surveyors (RICS) has recorded a 40 per cent fall in house sales since 2007, and says that the lack of affordable mortgages has been a key factor in the decline. RICs’ agents have reported around 15 sales per surveyor per month, compared with 25 sales per month in 2007 when […]

June 12, 2012 More
Sales of £1m homes fall 5%

Sales of £1m homes fall 5%

The number of houses sold in the £1 million to £2 million price bracket fell by 5% to 6,911 in 2011 according to a report from Lloyds TSB based on figures from the Land Registry. The figures represent the first annual fall in million-pound sales since 2009. In contrast, sales of homes priced above £2 […]

April 27, 2012 More
UK property market improves

UK property market improves

Signs are emerging that the UK property market is slowly starting to improve. According to the latest figures from The Royal Institution of Chartered Surveyors (RICS), the number of house sales increased in January, helped by first-time buyers rushing to secure a purchase before the end of the stamp duty exemption on homes under £250,000. […]

March 13, 2012 More
Property market remained stagnant in 2011

Property market remained stagnant in 2011

House sales fell 1 per cent in 2011, with just 869,000 residential properties sold, according to HM Revenue and Customs (HMRC). In January 2011, traditionally the weakest month for property transactions, just 45,000 houses were sold. However, the market did improve at the end of the year, with 76,000 sold in December. The property market […]

January 25, 2012 More
Housing Market to improve in 2013

Housing Market to improve in 2013

The housing market is expected to improve strongly in 2013-14, with a 20 per cent increase in transactions, the Office for Budget Responsibility (OBR) said yesterday. An upward trend is expected to start developing in 2012-13, when 1.5 per growth is expected, according to the OBR’s forecasts which accompanied the chancellor’s Autumn Statement. Recent figures […]

December 1, 2011 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 More
Mortgage approvals fall, house sales down

Mortgage approvals fall, house sales down

The Bank of England has today revealed mortgage approvals fell in September for the first time in six months. According to the Bank, there were 50,967 loans approved in the month – down 3% on August’s figure. However, September’s figure was broadly in line with forecasts and suggests the UK mortgage market will remain subdued […]

October 31, 2011 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 More
HMRC: House sales fall in April

HMRC: House sales fall in April

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in April in the UK. According to HMRC, 66,000 homes worth at least £40,000 or more were sold in the month – 1,000 less than the previous month and 6,000 lower than in April 2010. Today’s figures, along with […]

May 24, 2011 More
BBA: Mortgage approvals up 3% in February

BBA: Mortgage approvals up 3% in February

The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. […]

March 23, 2011 More
BBA: Mortgage approvals down 29% on year in January

BBA: Mortgage approvals down 29% on year in January

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in January. According to the BBA, the number of new mortgages approved in the month stood at 28,932 – marginally better than December’s levels but 29% lower compared with January 2010. The figures […]

February 23, 2011 More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in December. According to the BBA, the number of new mortgages approved in the month fell to 28,726, down from 29,696 in November – representing the lowest figure since January 2009. Net mortgage […]

January 26, 2011 More
NAEA: Property sales slump in December

NAEA: Property sales slump in December

The National Association of Estate Agents (NAEA) has today revealed property transactions slumped to an 8-year low in December. The severe wintry weather and the traditional slow Christmas period led to sales falling to their lowest level since January 2003. According to the Association, the average estate agent branch sold four properties in December 2010. […]

January 14, 2011 More
HMRC: House sales down in November

HMRC: House sales down in November

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in November in the UK. According to HMRC, 77,000 homes worth at least £40,000 or more were sold in the month – down from the 80,000 sold in October and 6,000 less than in November last year. The figures are […]

December 21, 2010 More
BBA reports further fall in mortgage lending

BBA reports further fall in mortgage lending

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in September. Mortgage lending slumped to its lowest level in a decade in September, while mortgage approvals dived to an 18-month low, said the BBA. Net mortgage lending by the major banks totalled […]

October 25, 2010 More
House sales fall in September

House sales fall in September

Latest figures from HM Revenue & Customs show house sales across the UK falling to 78,000 in September, compared with 82,000 in August. Completed transactions on homes worth over £40,000 fell for the second consecutive month, with the total also down slightly on a year earlier, marking the first annual decline recorded by HMRC in […]

October 22, 2010 More
September gross mortgage lending slumps to 10-year low

September gross mortgage lending slumps to 10-year low

The Council of Mortgage Lenders (CML) has today revealed gross mortgage lending totalled £12 billion in September – the lowest September total since the year 2000. According to the CML, gross mortgage lending fell 1% on the month and was 7% lower than in September 2009. The latest figures highlight the ongoing sluggishness of the […]

October 20, 2010 More