Tag: UK house prices

Nationwide suggests house prices will remain flat

Nationwide suggests house prices will remain flat

Nationwide building society has reported a 0.4 per cent fall in house prices in September, following a rise of 1.1 per cent in the previous month. However, the building society suggests that the annual rate of house price change is a more accurate indication of the state of the housing market, as monthly figures have [...]

October 2, 2012 | 0 Comments More
Average house price falls to £161,000

Average house price falls to £161,000

House prices fell in July, to an average of £161,094 across the country, after increasing in the previous two months. Prices fell by 0.6 per cent in July, compared with the previous month, according to the Halifax House Price Index. Average prices are also 0.6 per cent lower compared with July 2011, the Halifax said. [...]

August 6, 2012 | 0 Comments More
House price fall accelerates in July

House price fall accelerates in July

Nationwide building society reported a faster fall in house prices in July, as the economy continues to falter. House prices fell by 0.7 per cent in July, the fourth time they have declined in five months, and the fastest fall in three years. The average house price is now £164,389, 2.6 per cent lower than [...]

August 1, 2012 | 0 Comments More
London and south east affected by house price slump

London and south east affected by house price slump

The fall in property prices has now extended to London and south east England, according to the latest figures from property analytics company Hometrack. Hometrack’s figures for July how that overall house prices fell by 0.1 per cent, representing the first fall in seven months. Compared with June, the number of new homes coming on [...]

July 30, 2012 | 0 Comments More
Rightmove reports fall in house prices

Rightmove reports fall in house prices

Property website Rightmove recorded a drop in the average asking price for residential property this month, representing the first fall since January. Average prices have fallen by 1.7 per cent, a drop of £4,138, with demand low due to the wet weather deterring potential buyers from viewing properties. The website also blamed the Olympics for [...]

July 16, 2012 | 0 Comments More
House prices stall and could fall

House prices stall and could fall

House price growth stalled in June according to new figures from property analyst Hometrack. New buyer registrations were 0.5 per cent lower in June, the first time they have fallen on a month-on-month basis, for the past five months. Supply continued to increase, causing prices to fall even further. The only place which saw an [...]

July 2, 2012 | 0 Comments More
House prices down 1.3% in 2011

House prices down 1.3% in 2011

Mortgage lender the Halifax claims that house prices fell by 1.3 per cent last year to an average of £160,063, their lowest level since July 2009. According to the Halifax House Price Index, house prices fell 0.9 per cent in December, compared with the previous month. Although prices rose in the third quarter of 2010, [...]

January 6, 2012 | 0 Comments 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 | 0 Comments More
House prices to fall till 2015

House prices to fall till 2015

A new report from a leading think-tank is predicting that UK house prices will fall by 4.5% in 2011, followed by an average 1.5% fall in each of the subsequent four years. According to the National Institute of Economic and Social Research (NIESR), this year’s decline will reflect the squeeze on household finances resulting from [...]

May 6, 2011 | 0 Comments More
Nationwide: house prices drift down

Nationwide: house prices drift down

UK house prices fell by 0.2% in April, leaving the value of the typical home down 1.3% on a year earlier, at £165,609, according to Nationwide. The decline follows a monthly increase of 0.5% in March and the three-month-on-three-month measure, which is a better measure of the underlying trend, shows a modest year-on-year rise of [...]

May 4, 2011 | 0 Comments More
RICS: house prices slipping

RICS: house prices slipping

Surveyors are feeling less optimistic about UK house prices, with more respondents to the Royal Institution of Chartered Surveyors’ (RICS) August survey expecting prices to fall, rather than rise, over the next three months. However, RICS spokesman, Jeremy Leaf, points out that while prices in many parts of the country may be slipping, sales levels [...]

September 14, 2010 | 0 Comments More
House prices stable in August

House prices stable in August

UK house prices rose by 0.2% in August, following on from a 0.6% increase in July, according to Halifax. Much of the decline seen in the three preceding months has now been reversed, leaving the annual rate of inflation at 4.6%, slightly below the 4.9% measured in July. With the typical value of a home [...]

September 8, 2010 | 0 Comments More
Nationwide: house prices fall for second month in a row

Nationwide: house prices fall for second month in a row

UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from 6.6% in July and 8.7% [...]

September 2, 2010 | 1 Comment More
Halifax: house prices up 0.6% in July

Halifax: house prices up 0.6% in July

Halifax has reported that UK house prices increased by 0.6% in July, reversing a fall of 0.6% in June. Prices were 4.9% higher year-on-year, having lost ground on a month earlier when the annual rate of growth registered at 6.3%. At £167,425, the value of the average home stood 8.3% above its April 2009 trough [...]

August 4, 2010 | 0 Comments More
Nationwide: house prices down 0.5%

Nationwide: house prices down 0.5%

UK house prices fell back in July, for the first time since February, as buyer demand remained weak. According to Nationwide, the average value of a home declined by 0.5%, to £169,347, taking the annual rate of inflation down to 6.6%, compared with 8.7% in June. The lender notes that the sizeable drop is due [...]

July 29, 2010 | 0 Comments More
House prices back to 2006 levels

House prices back to 2006 levels

New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May. Last month, the typical home sported an annual gain of 8.4%, taking the average house price to £166,072. All ten regions of England and Wales experienced annual rises, [...]

July 28, 2010 | 0 Comments More
House prices lose 0.6% in June

House prices lose 0.6% in June

UK house prices fell by 0.6% in June, following a similar decline in May, Halifax has reported. The average value of a home stood at £166,203, with the annual rate of gain easing back to 6.3%, compared with 6.9% in May. That being said, prices in the April to June quarter were largely unchanged compared [...]

July 8, 2010 | 0 Comments More
Shortage of new builds to underpin UK house prices

Shortage of new builds to underpin UK house prices

Housebuilder, Taylor Wimpey, has declared that the underlying shortfall of new build housing and strong levels of demand will continue to underpin UK house prices. The developer is wary of the “ongoing political and economic uncertainty” and warns that a shortage of building land will “artificially constrain” the recovery in new house building, in the [...]

June 30, 2010 | 0 Comments More
House price rises continue to slow

House price rises continue to slow

Halifax has reported that UK house prices increased by an annual 6.6% in April. However, a month-on-month fall of 0.1%, took the value of the typical home down to £168,202, or £13,539 above its April 2009 trough. Commenting on the figures, the lender’s housing economist, Martin Ellis, says: “The underlying rate of house price growth [...]

May 7, 2010 | 0 Comments More
House prices up 0.2% in April

House prices up 0.2% in April

UK house prices rose by an average 0.2% in April (compared with 0.3% a month earlier), as instructions for house sales outstripped new enquiries from potential buyers. According to Hometrack, the number of new buyers registering with agents rose by 1%, the smallest increase so far this year, while growth in new instructions stood at [...]

April 27, 2010 | 0 Comments More