Tag: average

BoE: Mortgage approvals hit 14-month high in July

BoE: Mortgage approvals hit 14-month high in July

The Bank of England has today revealed mortgage approvals picked up significantly in July to a 14-month high. According to the central Bank, there were 49,239 loans approved in the month – higher than the upwardly revised 48,500 for June and a significant improvement on April’s 45,855 which represented a four-month low. The figure was [...]

August 30, 2011 | 0 Comments More
Survey reveals rents continue to surge

Survey reveals rents continue to surge

A survey by LSL Property Services has revealed rents in England and Wales continue to rise, with the average rent hitting almost £700 last month. May represented the fourth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £696 – 4.4% higher than this time last year. However, [...]

June 17, 2011 | 0 Comments More
Average rent up 4.4% on year

Average rent up 4.4% on year

A report by letting agency network LSL Property Services has revealed tenant demand has risen in recent weeks after April’s long bank holiday weekends and warm weather led to a surge in would-be tenants looking for property. According to the agency, rents grew by 0.8% in April to £692 per month compared with the previous [...]

May 20, 2011 | 0 Comments More
Land Registry: house prices up 0.3%

Land Registry: house prices up 0.3%

The Land Registry’s latest house price index shows the average cost of a home in England and Wales rising by 0.3% in August. Having seen the fifth consecutive monthly increase, the value of the average home stood at £167,423, although on an annual basis the typical house price gain fell slightly compared with July, to [...]

September 28, 2010 | 0 Comments More
Land Registry: house price growth strongest this year

Land Registry: house price growth strongest this year

The Land Registry has reported that house prices in England and Wales increased by 0.4% in July, with growth at its strongest since the start of the year. The rise took the average value of a home to £166,798 but left annual growth at 6.7%, down from 8.4% in June. Data for London show monthly [...]

August 31, 2010 | 0 Comments More
Rightmove: new seller asking prices slip again

Rightmove: new seller asking prices slip again

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. [...]

August 16, 2010 | 0 Comments More
Return to 2008 mortgage rates to cost £1,800 a year

Return to 2008 mortgage rates to cost £1,800 a year

With a rise in the Bank of England’s (BoE) base rate inevitable at some point in the future, accountancy firm, PricewaterhouseCoopers (PwC), has been assessing the potential effect on UK homeowners of average mortgage interest rates moving back up to 2008 levels. According to BoE data, the average rate across three common types of mortgages [...]

August 13, 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
Mortgage lenders hold out on large deposits

Mortgage lenders hold out on large deposits

Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers. According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351. However, the financial researcher [...]

August 3, 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
Asking prices stall as stock levels rise

Asking prices stall as stock levels rise

The average asking price of a UK home has remained stable in July, with growth stalled by a surge of properties for sale. According to FindaProperty.com’s latest House Prices and Affordability Index, a combination of sellers keen to take advantage of recent price growth, and renewed confidence following the Budget, resulted in stock levels rising [...]

July 13, 2010 | 0 Comments More
SVR huggers miss out on cheaper mortgage payments

SVR huggers miss out on cheaper mortgage payments

New research from Yorkshire Building Society shows that the number of mortgage borrowers now on their lenders’ standard variable rates (SVRs) is over 2.3 million, representing 28% of the total mortgage market. Typically these households have come off fixed-term deals and for one reason or another have chosen to revert to their lenders’ SVRs, rather [...]

July 12, 2010 | 0 Comments More
Bovis reports “solid” private sales

Bovis reports “solid” private sales

Bovis has reported a steady half year in terms of sales, although the new homes market remained “subdued” with first-time buyers limited by “liquidity issues”. However, the house builder delivered “solid” weekly private sales rates in the six months to the end of June 2010, and achieved prices that were ahead of expectations. During the [...]

July 10, 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
Nationwide: house prices up 0.1% in June

Nationwide: house prices up 0.1% in June

UK house prices managed a 0.1% rise in June, compared with a month earlier, taking the average value of a home to £170,111, according to Nationwide. A flurry of new instructions following the abolition of Home Information Packs may have slowed the rate of gain, which fell back from 0.5% in May. The smoother three-month-on-three-month [...]

June 30, 2010 | 0 Comments More
Land Registry: house prices slip 0.2%

Land Registry: house prices slip 0.2%

House prices in England and Wales slipped by 0.2% in May, according to Land Registry data. The average cost of a home stood at £165,314 during the month, with the decline taking the annual rate of inflation down to 8.2%. However, the Registry points out that May was the seventh month in a row in [...]

June 28, 2010 | 0 Comments More
Rightmove: asking prices set to fall

Rightmove: asking prices set to fall

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 [...]

June 22, 2010 | 0 Comments More
Annual house price growth drops back to 7.8%

Annual house price growth drops back to 7.8%

In its latest overview of the UK property market, Assetz has reported that the average value of a home was 7.8% higher in May than a year earlier. The firm, which compiles monthly average figures from five of the major house price indices, calculates that the annual rate of growth dropped back from 9.1% in [...]

June 20, 2010 | 0 Comments More
Official: annual house price rise in double digits

Official: annual house price rise in double digits

House prices were 10.1% higher in April than a year earlier, having gained 0.4% during March. New figures from the Department for Communities and Local Government put the average cost of a UK home at £207,516, taking into account a 0.9% rise over the three months to the end of April. However, the quarterly increase [...]

June 16, 2010 | 0 Comments More
Housing market “delicately poised”

Housing market “delicately poised”

Both the number of homes sold in England and Wales and the prices achieved fell during May, according to Acadametrics. The number of properties changing hands declined by an estimated 18% from April, while the value of the average home dipped by 0.2%. On an annual basis, prices in England and Wales were 9.7% higher [...]

June 12, 2010 | 0 Comments More