Tag: average price

Official: house prices in steepest decline since 2009

Official: house prices in steepest decline since 2009

Latest figures from the Land Registry show house prices in England and Wales falling by 1.1% in March, marking the largest monthly decline seen since February 2009. The only region to experience a monthly rise was the North West, with an upward movement of 0.7%, while in Wales house prices tumbled by 3.3%, compared with [...]

May 5, 2011 | 0 Comments More
Detached homes put on £91 a day

Detached homes put on £91 a day

The average price of a detached family home has risen by more than any other property type over the past year. According to new research from Halifax, owners of detached properties saw the value of their homes increase by £91 a day over the year to the end of June, with a 13% leap taking [...]

September 2, 2010 | 1 Comment 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 down 1.5% in February

House prices down 1.5% in February

UK house prices fell by 1.5% in February when compared to January, according to Halifax. The lender’s monthly index registered its first decline since June 2009, following seven consecutive monthly increases. However, at £166,587, the average price of a UK home came in 8% above the market trough of April 2009, and up 4.5% on [...]

March 4, 2010 | 0 Comments More
House prices up 8.6% year-on-year

House prices up 8.6% year-on-year

In the first of the 2010 house price surveys, Nationwide has announced that the average price of a home rose by 1.2% in January, compared with a month earlier. The ninth consecutive monthly increase puts the average value of a UK home at £163,481, showing a year-on-year gain of 8.6% (up from 5.9% in December [...]

January 29, 2010 | 0 Comments More
First-time buyer affordability best in 25 years

First-time buyer affordability best in 25 years

Potential first-time buyers on average earnings can now afford to buy a home in nearly four out of 10 regions of the UK, the Halifax has reported. According to the lender’s research, 39% of the UK’s local authority districts are accessible to those wanting to buy their first property, compared to 6% when the housing [...]

January 3, 2010 | 0 Comments More
House builder Persimmon sold out for 2009

House builder Persimmon sold out for 2009

In a trading update covering 1st July to 16th November 2009, Persimmon has announced that trading activity levels have continued ahead of last year. The group, which includes Charles Church and Westbury, described sales volumes over recent weeks as “satisfactory”, having been maintained from the “encouraging” levels seen in the summer months. In addition, prices [...]

November 17, 2009 | 0 Comments More
Bovis reports signs of house price stabilisation

Bovis reports signs of house price stabilisation

In presenting its interim results Bovis Homes has reported signs of house price stabilisation, during the second quarter of 2009. However, the housebuilder describes the UK market as remaining “fragile” with “mortgage valuations continuing to place downward pressure on negotiated prices”. The company completed 754 homes during the first six months of the year, compared [...]

August 24, 2009 | 0 Comments More
Barratt’s forwards sales down 64%

Barratt’s forwards sales down 64%

Property developer Barratt Homes has followed rival Redrow in reporting a substantial loss for 2008. The company blames falling property prices, a shortage of mortgage funding and writedowns on the value of its land bank for a pre-tax loss of £592.4 million, compared with a profit of £192.4 million in 2007. The group’s average selling [...]

February 26, 2009 | 0 Comments More
Taylor Wimpey order book down 40%

Taylor Wimpey order book down 40%

Taylor Wimpey is the latest housebuilder to reveal the full extent of the downturn in the UK property market. The company has revealed that its order book for the first 44 weeks of 2008 fell by around 40%, to 6,607. The figure compares with 11,074 over the same period of 2007. During the six months [...]

November 12, 2008 | 0 Comments More