Property website, Rightmove, has today reported a rise in asking prices in October – after three months of falls. According to Rightmove, asking prices for residential property in England and Wales rose 3% and the group attributed the rise to vendors refusing to adjust to new market conditions. Rightmove warned sellers that increasing their asking [...]
The Council of Mortgage Lenders (CML) has today revealed gross mortgage lending fell 6% in August compared with the same month last year to £11.4 billion. The figure was also 14% lower compared with July and represented the lowest August monthly total since 2000, highlighting the ongoing sluggishness of the UK housing market. Commenting on [...]
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September – the third consecutively monthly fall. It follows falls [...]
Rightmove has reported that new homes coming onto the market are continuing to outstrip buyer demand, as the holiday season continues. According to the property portal, the average asking price of a UK home has fallen 1.7% (to £232,241) across the 117,000 properties added to the firm’s website in August, compared with a month earlier. [...]
Home owners coming onto the market have dropped their asking prices for the first time this year, according to Rightmove. The property portal reported a 0.6% decline in the average new vendor’s ambitions in July, amounting to £1,435 in hard cash. The website is currently accommodating an additional 30,000 properties a week, up 45% compared [...]
The average asking price for a home in the UK increased by 0.3% in June, compared with May, according to Rightmove. However, the sixth consecutive monthly rise left prices falling in real terms, with the Retail Prices Index showing an annual increase of 5.1% in June, compared with a year-on-year rise in asking prices of [...]
UK Google Maps users can now search for listings from estate agents and property websites directly from the maps. Available properties are indicated by a small circle that provides a link to a particular agent’s website. The new facility also means that potential home buyers and renters can enter a location and see the available [...]
Rightmove has reported that the week before the General Election saw the highest number of new sellers entering the UK property market since June 2008. However, the property portal observes that the lack of mortgage finance is now beginning to tell, with 2010 unsold stock levels continue an “inexorable rise”. As a result, new sellers [...]
House sellers increased the average asking price for a home by 2.6%, or £5,898, in the month to the 10th April, to £235,512. New figures from Rightmove.co.uk show this month’s rise taking prices 6% higher than a year earlier, having built on a 0.1% increase in March. However, with over 25,000 properties put up for [...]
Property website, Rightmove, has today reported the annual growth in asking prices for residential property in England and Wales for the four weeks to March 6 slowed for the first time in a year. On an annual basis, growth slowed from 6.1% in February to 5.3% in March, while on a monthly basis, asking prices [...]
Rightmove has reported that a scarcity of new sellers bumped up asking prices by 3.2% in the four weeks to mid-February, taking the average asking price for a UK home to £229,298. The figure compares with £222,261 in January, which saw a monthly change of 0.4%. The leap set a new record for London at [...]
Rightmove has reported that its initial statistics for 2010 show increases in both seller confidence and buyer interest. According to the property portal, sellers who have come to market so far in January are asking more for their properties “causing a big turnaround in figures that were on course for a third consecutive monthly fall”. [...]
Rightmove has reported that the average asking price for a home in England and Wales fell for the second consecutive month during December. The property website recorded a typical 2.2% drop in vendors’ ambitions over the four weeks to 5th December (to £221,463) following a 1.6% decline during the previous four week period. Meanwhile, the [...]
Google is said to be developing plans to launch a property portal in the UK that would compete with Rightmove. According to a report in the Financial Times, talks are progressing with estate agents and listings on the new site could be free, unlike Rightmove’s, with revenues generated from advertising. Rightmove currently operates the UK’s [...]
Home movers in London have put the credit crisis behind them and are asking 0.8% more for their properties than in November 2007. In its October round up of market, Rightmove has reported that the Capital is leading the way in positive sentiment for the UK housing market. October has also seen the national average [...]
In its latest monthly round up, Rightmove.co.uk has revealed that the average asking price of a UK home increased 0.6% in September. According to the property portal, the rise puts the average vendor’s ambitions at £223,996, up from £222,762 in August. While September’s average asking price is 1.5% lower than this time last year, it [...]
The average asking price of a UK home fell in August, after nudging up 0.6% in July. Vendors shaved a typical £5,102, or 2.2%, off their ambitions as they adjusted to lower seasonal demand. The decline took the average asking price back to £222,762, compared to £227,864 in July, although London saw a steeper slide [...]
Rightmove has reported a 0.6% rise in asking prices in July, taking the average vendor’s ambitions to £227,864. The property portal therefore suggests that given June’s slight fall of 0.4%, the UK housing market could remain in a “steady state” during the second half of 2009. According to the firm, the best time to pick [...]
Rightmove has reported that the average asking price of homes in England and Wales fell 0.4% in the five weeks to 13th June. The decline follows a 2.4% rise in the same period to 9th May, equating to a jump of £5,000 in a typical vendor’s ambitions. According to the property website, the average asking [...]
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. [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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