Tag: house

HMRC: House sales see slight rise in June

HMRC: House sales see slight rise in June

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. […]

July 22, 2011 More
HMRC: House sales slump in January

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 […]

February 23, 2011 More
Neighbours motivate 95,000 house moves

Neighbours motivate 95,000 house moves

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, […]

December 7, 2009 More
Government figures show 1.1% rise in house prices

Government figures show 1.1% rise in house prices

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 […]

Housebuilder Bellway reports shift in southern markets

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 […]

House prices stable in May

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 […]

New US house construction falls to record low

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 […]

Asking prices up 2.4% as vendors mourn loss of equity

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. […]

Estate agents “universally optimistic” on sales

Estate agents “universally optimistic” on sales

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 […]

Halifax reports 1.7% fall in house prices

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 […]

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

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 […]

Britons resigned to housing market downturn

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 […]

Hometrack reports rise in house sales

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, […]

Rightmove pleads for smart asking prices

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% […]

Buyer enquiries increase but house prices continue to decline

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 […]

Official figures put house prices down an annual 10.2%

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% […]

Halifax urges caution as house prices rise 1.9%

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 […]

Lifestyle expectations put pensions in jeopardy

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’ […]

Land Registry detects 12.2% slide in house prices

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 […]

Lenders expect mortgage arrears to more than double

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 […]