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News Tag: house

July 22, 2011

HMRC: House sales see slight rise in June

by Kay Mitchell
”HMRC:
HM Revenue & Customs (HMRC) has today revealed a marginal rise in the number of homes sold in June in the UK. According to HMRC, 73,000 homes worth at least £40,000 or more were sold in the month – 5,000 higher than May’s level of 68,000. However, it is 12,000 lower than June 2010’s figure. Today’s figures, along with other recent ...




February 23, 2011

HMRC: House sales slump in January

by Kay Mitchell
HMRC: House sales slump in January
HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in January in the UK. According to HMRC, just 54,000 homes worth at least £40,000 or more were sold in the month – the lowest number since January 2010. The figures are revealed as the British Bankers’ Association (BBA) reported a further fall in the number of new ...




December 7, 2009

Neighbours motivate 95,000 house moves

by Gill Montia
”Neighbours
Annoying neighbours are providing a major reason for Britons to embark on a house move, even in today's difficult market. Information from Abbey Mortgages suggests that 95,000 homeowners have sold up in the last two years to escape the people next door, forming a significant proportion of the UK's 680,000 home movers during the period, as calculated by the Council of Mortgage Lenders. However, ...




June 9, 2009

Government figures show 1.1% rise in house prices

by Gill Montia
”Government
The Department for Communities and Local Government (DCLG) has released housing market statistics for April, showing a 1.1% month-on-month increase in prices. The rise left the average price of a home 13.0% down on April 2008, at £189,215. On a regional basis, annual price falls are as follows: England -13.2%; Wales -10.3%; Scotland -8.6% and Northern Ireland -22.8%. The English region with ...




June 7, 2009

Housebuilder Bellway reports shift in southern markets

by Gill Montia
Housebuilder Bellway reports shift in southern markets
Bellway has reported that since its interim results were released at the end of March, there has been no major change in demand for new homes. The Newcastle-based housebuilder says first-time buyers are continuing to "struggle" to raise deposits, making access to the first step on the housing ladder "difficult". However, conditions vary from region to region, with the company's southern divisions ...




June 1, 2009

House prices stable in May

by Gill Montia
House prices stable in May
Housing intelligence firm, Hometrack, has reported that house prices in England and Wales stabilised in May, following a 20 month period of decline. The result follows a 0.3% fall in April and leaves the average cost of a home at £155,600, down 9.6% on a year ago. Last month only 13% of postcode districts recorded price falls, compared with 32% in April and over ...




May 19, 2009

New US house construction falls to record low

by Kay Mitchell
New US house construction falls to record low
The US Commerce Department has today revealed that new US housebuilding fell to a record low in April, sending shares down following yesterday‘s rebound. According to official figures, new housing starts fell 12.8% to an annual rate of 458,000 units - the lowest level since records began fifty years ago. On an annual basis, housing starts are down 54.2% as builders ...




May 18, 2009

Asking prices up 2.4% as vendors mourn loss of equity

by Gill Montia
Asking prices up 2.4% as vendors mourn loss of equity
The average asking price of a home in England and Wales has increased for the fourth consecutive month, according to Rightmove. The property website has reported a 2.4% rise in the four weeks to 9th May, equating to a jump of £5,000 in the average vendor's ambitions and taking the average asking price to £227,441. The increase is the ...




May 12, 2009

Estate agents “universally optimistic” on sales

by Gill Montia
Estate agents
The latest survey from the Royal Institution of Chartered Surveyors (Rics) describes the mindset of its members as "universally optimistic" over sales. New buyer inquiries across England and Wales increased for the sixth consecutive month in April; around 41% more surveyors reported a rise rather than a fall, pushing the ratio up from 32% more reporting a rise in March. The trend proved ...




May 6, 2009

Halifax reports 1.7% fall in house prices

by Gill Montia
Halifax reports 1.7% fall in house prices
Halifax has reported a 1.7% drop in the average price of a UK home, during April. The decline takes the annual fall to 17.7% and puts the average cost of a property at £154,716 or £33,264 less than a year ago. The lender is pessimistic in the short-term, with chief economist Martin Ellis warning that rising unemployment, low consumer confidence and a ...




April 28, 2009

S&P’s reports further decline in US house prices

by Kay Mitchell
S&P’s reports further decline in US house prices
According to the Standard & Poor's/Case-Shiller Home Price index, house prices in the US continued to fall in February, albeit the rate of decline is slowing. The Index shows that for the month, the price of single-family homes in 20 of the largest cities in the US fell 18.6% compared with a year ago and follows a record drop of ...




April 9, 2009

Britons resigned to housing market downturn

by Gill Montia
Britons resigned to housing market downturn
New research from Unbiased.co.uk indicates that the majority of Britons are not expecting to see house prices rise during 2009. In a recent survey by the mortgage advice website, 58% of respondents said they were not anticipating an upturn this year, while 18% didn't see any prospect of an improvement until at least 2011. Twenty-eight per cent of people surveyed were actually ...




March 30, 2009

Hometrack reports rise in house sales

by Gill Montia
Hometrack reports rise in house sales
Hometrack is the latest monitor of the UK property market to present an analysis: the housing intelligence firm's March survey shows house prices continuing to fall, although sales volumes rose by 19% on a month earlier. In addition, the number of potential buyers registering with estate agents increased for the second month in a row, up by 9% on February. According to the ...




March 17, 2009

Rightmove pleads for smart asking prices

by Gill Montia
Rightmove pleads for smart asking prices
Rightmove has reported that the average asking price for a home in England and Wales was down an annual 9% over the four week to the 7th March. New listings for the period fell 57% year-on-year, to 79,000. However, the property website found that in March, the average asking price for a home rose 0.9% on February, to £218,081. London led the trend ...




March 11, 2009

Buyer enquiries increase but house prices continue to decline

by Gill Montia
Buyer enquiries increase but house prices continue to decline
In its latest survey or members, the Royal Institution of Chartered Surveyors (Rics) found that in February, new buyer enquiries increase at their fastest pace since August 2006. The Rics attributes the rise to sharp cuts in interest rates and falling house prices, both of which have improved affordability. However, the ratio of Rics members reporting falling rather than rising ...




February 17, 2009

Official figures put house prices down an annual 10.2%

by Gill Montia
Official figures put house prices down an annual 10.2%
Figures from the Department for Communities and Local Government (DCLG) show UK house prices falling 2.3% in December. Detached homes were at the forefront of the decline with the average value falling by 4.1% during the month. Meanwhile, terraced houses lost 0.8%; flats were down an average 2.4%; bungalows and semi-detached homes down by 2.3% and 2% respectively. In December, the ...




February 5, 2009

Halifax urges caution as house prices rise 1.9%

by Gill Montia
Halifax urges caution as house prices rise 1.9%
Some good news at last on the UK housing market! The monthly house price index from Halifax shows that eleven consecutive months of falling prices have been interrupted by an average rise of 1.9% in January. The turnaround brings the average price of a home to £163,966 or £4,000 more than in December 2008. The result will have surprised most analysts as ...




January 27, 2009

Lifestyle expectations put pensions in jeopardy

by David Masters
Lifestyle expectations put pensions in jeopardy
Working adults in the UK have 'higher expectations' of life than previous generations, causing a decline in saving for pensions. This is the view of Padraig Floyd, editor of Pensions Management magazine. According to Floyd, many consumers now take for granted having 'a house, two holidays' and being 'able to go out for meals regularly' despite not earning enough to maintain this lifestyle. Because ...




December 30, 2008

Land Registry detects 12.2% slide in house prices

by Gill Montia
Land Registry detects 12.2% slide in house prices
The official record of the collapse of the housing market in England and Wales has been updated by latest figures from the Land Registry. In November, the Registry noted a 1.9% fall in the average cost of a home, taking the annual decline to 12.2%. The pace of decline accelerated in October when prices fell 1.5% on a monthly basis and ...




December 18, 2008

Lenders expect mortgage arrears to more than double

by Gill Montia
Lenders expect mortgage arrears to more than double
The Council of Mortgage Lenders (CML) is predicting that the number of mortgage borrowers three months or more in arrears with repayments will rise to 500,000 in 2009. If so, the number of householders struggling to keep a roof over their heads will more than double, given that 210,000 mortgages are expected to be in arrears at the end ...