Tag: house sales

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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments More
March house sales up 24% on the year

March house sales up 24% on the year

New figures from HM Revenue & Customs show house sales rising to 72,000 in March, with the total increasing by 13,000 (22%) on February, the BBC has reported. With January’s end to the stamp duty holiday still making its mark, March sales were still dwarfed by the 103,000 completions in December. However, compared with a [...]

April 23, 2010 | 0 Comments More
House prices recover from February dip

House prices recover from February dip

UK house prices rose by 0.7% in March, compared with a month earlier, according to Nationwide. The increase almost reverses the 0.8% month-on-month fall recorded in February and takes the average cost of a home to £164,519, or 9% more than a year ago. However, the three-month-on-three-month rate of inflation edged down to 1.6% in [...]

March 30, 2010 | 0 Comments More
Official figures show February rise in house sales

Official figures show February rise in house sales

UK house sales rose in February, according to HM Revenue & Customs. The month saw 58,000 transactions completed on properties worth over £40,000, up 14% from January. The total fell well below December’s tally of 103,000, when sales activity clustered as the end of the stamp duty holiday loomed, but showed a significant improvement on [...]

March 26, 2010 | 0 Comments More
House sales soar in February

House sales soar in February

Agency Express has reported a surge in house sales between January and February, with three regions reporting their highest monthly sales since the market peak in 2007. According to the firm, which claims to be the UK’s largest “For Sale” board management contractor, every region except Central England saw substantial month-on-month increases, with star performers [...]

March 4, 2010 | 0 Comments More
Distressed sales surge in Midlands and the North

Distressed sales surge in Midlands and the North

Property Portfolio Rescue (PPR) has published its latest UK distress index, showing a surge in the number of distressed home sellers in major cities in the Midlands and the North. In the three months to the end of September, the index rose by 60% in these regions, compared with the same period of 2008. According [...]

October 20, 2009 | 0 Comments More
House sales show August dip

House sales show August dip

Figures from HM Revenue & Customs show UK house sales falling back slightly in August, with volumes registering their first decline for a year. Transactions for properties worth over £40,000 stood at 83,000 for the month, compared with 87,000 in July. However, the August figure was 19% up on a year earlier and more than [...]

September 22, 2009 | 0 Comments More
US Fed acknowledges economy will remain weak

US Fed acknowledges economy will remain weak

The Federal Reserve has kept interest rates unchanged at the range of between zero and 0.25%. The Fed acknowledged that even though energy and commodity prices have recently risen, inflation will remain “subdued for some time”. Furthermore, the Fed suggested that the pace of economic contraction is slowing but the economy will remain weak. The [...]

June 25, 2009 | 0 Comments More
House sales up 40%; stamp duty holiday extended

House sales up 40%; stamp duty holiday extended

Latest figures from HM Revenue and Customs show completed housing transactions rising to 60,000 in March, up from 43,000 in February. News of the 40% increase adds to other recent evidence that the UK housing market is on the road to recovery and while house sales traditionally rise in March, when the figures are seasonally [...]

April 22, 2009 | 1 Comment More
Redrow’s house sales fall 49%

Redrow’s house sales fall 49%

Housebuilder, Redrow, reported a 58% fall in revenues in the second half of 2008 leaving the company facing a pre-tax loss of £46.2 million, compared with a profit of £35.8 million in the same period of 2007. Falling sales and lower selling prices were to blame; during the second half of last year, the company [...]

February 24, 2009 | 0 Comments More
House sales plummet 50% at Redrow

House sales plummet 50% at Redrow

Redrow is the latest UK housebuilder to report a sharp fall in sales during the second half of 2008. The group sold 853 homes in the six months to the end of December, compared with 1,657 during the same period of 2007. The average price of a Redrow property fell to £140,000 declining from £162,700 [...]

January 15, 2009 | 0 Comments More
Estate agents sell less than one house per week

Estate agents sell less than one house per week

The Royal Institution of Chartered Surveyors (Rics) has published the findings of its latest survey, showing that house sales have fallen to their lowest level since records began in 1978. In the three months to the end of September, estate agents sold an average of 11.5 properties, taking the average weekly level of transactions down [...]

October 14, 2008 | 0 Comments More