Tag: homes

US existing home sales down in May

US existing home sales down in May

The US housing market remains depressed after figures today revealed sales of previously owned homes plunged 15% on an annual basis last month, according to the National Association of Realtors (NAR). The industry body also said sales were down 3.8% on the previous month to a seasonally adjusted annual rate of 4.81 million units – [...]

June 21, 2011 | 0 Comments More
HMRC: House sales rise in February

HMRC: House sales rise in February

HM Revenue & Customs (HMRC) has today revealed a slight rise in the number of homes sold in February in the UK. According to HMRC, 57,000 homes worth at least £40,000 or more were sold in the month – 4,000 more than January‘s levels. The figures come as the British Bankers’ Association (BBA) revealed a [...]

March 23, 2011 | 0 Comments More
NAR reports rise in US homes sales in January

NAR reports rise in US homes sales in January

The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. [...]

February 24, 2011 | 0 Comments More
NAR reports surge in US homes sales in December

NAR reports surge in US homes sales in December

The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US rose more than expected in December. The industry body said sales grew 12.3% to a seasonally adjusted annual rate of 5.28 million units - beating forecasts of 4.85 million units. Economists had expected a lower reading due to [...]

January 20, 2011 | 0 Comments More
Barratt completions take a tumble

Barratt completions take a tumble

Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Furthermore, over the 10 weeks since the group’s financial year end, net private reservations averaged 0.48 per active site per week, down from 0.51 in the same period of 2009. Cancellation rates remained [...]

September 9, 2010 | 0 Comments More
Post-HIP jump in homes for sale

Post-HIP jump in homes for sale

Agency Express has reported a 13.6% increase in the number of homes put up for sale in May, compared with April, leaving prospective purchasers their best level of choice in over two years. The firm’s managing director, Stephen Watson, comments: “The decision by the new coalition Government to immediately suspend the requirement to have a [...]

June 24, 2010 | 0 Comments More
House sellers liberated by demise of HIPs

House sellers liberated by demise of HIPs

The Government’s decision to scrap Home Information Packs (HIPs) has resulted in a surge of new instructions. The UK’s biggest estate agency has reported that the number of homes being put up for sale has risen by a third since 20th May, when ministers called time on the packs. According to Countrywide, new instructions are [...]

May 31, 2010 | 0 Comments More
Green homes plan raises eco-mortgage concerns

Green homes plan raises eco-mortgage concerns

Government plans to improve the energy efficiency of the UK’s homes involve as “Pay as You Save” scheme that will provide long-term loans to householders keen to install additional insulation, solar panels, wind turbines and the like. The eco-loan will be repaid in instalments that should amount to less than the savings made on energy [...]

March 3, 2010 | 0 Comments More
Redrow turns its back on “Stalingrad” homes

Redrow turns its back on “Stalingrad” homes

House builder, Redrow, has launched a new range of homes inspired by the Arts and Crafts movement of the early 1900s, which focused on simplicity and good, functional design. The group’s chairman, Steve Morgan, is also calling on planning authorities to actively encourage the building of traditional family homes, rather than residences that are “more [...]

February 15, 2010 | 0 Comments More
US new home sales fall in November

US new home sales fall in November

There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in sales of new homes for the month of November. According to the Commerce Department, new single-family home sales dived by 11.3% to a seasonally adjusted annual rate of 355,000 units, down from a revised 400,000 [...]

December 23, 2009 | 0 Comments More
House sales hold steady as RICS forecasts 2010 price rises

House sales hold steady as RICS forecasts 2010 price rises

New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October. However, last month’s total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the [...]

December 22, 2009 | 0 Comments More
Apartments popular for high-end investors

Apartments popular for high-end investors

Flats and apartments are now more popular than houses in the high-end property market, it emerged this week. London-based property consultancy firm Black Brick said whereas 12 months ago people were looking for big houses to live in as a home or second home, the focus now is on buying flats and apartments as an [...]

September 3, 2009 | 0 Comments More
Rics: House prices expected to rise due to house shortage

Rics: House prices expected to rise due to house shortage

The Royal Institution of Chartered Surveyors (Rics) believes that house prices will rise over the next few months due to a shortage of homes for sale. According to Rics, part of the renewed optimism within the housing market comes as a result of demand from new buyers outstripping supply. The organisation said just 8% more [...]

August 11, 2009 | 0 Comments More
House sales up in May

House sales up in May

Latest figures from HM Revenue & Customs (HMRC) show a rise in the number of homes sold in the UK during May. Transactions involving properties worth over £40,000 increased by 7% last month to 62,000 and were at their highest since October 2008. However, they remained significantly below levels seen at the height of the [...]

June 25, 2009 | 0 Comments More
Million pound home sales slump by 40%

Million pound home sales slump by 40%

A specialist large-loans mortgage broker has reported a dramatic fall in sales of the UK’s more prestigious homes. According to largemortgageloans.com, sales of properties costing in excess of one million pounds collapsed by 41% last year. Only 5,302 transactions were completed, compared with 9,003 in 2007. However, using data from the Land Registry, the firm [...]

June 16, 2009 | 0 Comments More
New lobby group wants 100,000 affordable homes

New lobby group wants 100,000 affordable homes

A newly formed body is urging the Government to build more than 100,000 affordable homes over the next two years. The 2020 Group, which is chaired by former Government housing adviser, Kate Barker, is arguing that the economy could be kick-started by a building programme on this scale, which would cost in the region of [...]

February 23, 2009 | 0 Comments More
Homes languish on the market for a year

Homes languish on the market for a year

The extent of the stagnation in the UK property market has been revealed by research from Globrix. The property search engine found that across the UK, 5% of homes for sale first appeared on the market at the beginning of this year. In certain areas, one in four properties for sale have remained on the [...]

December 30, 2008 | 0 Comments More
Rics wants government action on empty houses

Rics wants government action on empty houses

The Royal Institution of Chartered Surveyors (Rics) is urging the Government to make use of an estimated 750,000 empty homes to house people who are already homeless or will become so by being repossessed. Since June 2006, local authorities in England and Wales have had the power to issue Empty Dwelling Management Orders (EDMOs) on [...]

December 22, 2008 | 0 Comments More
Bovis and Redrow epitomise housebuilders’ woes

Bovis and Redrow epitomise housebuilders’ woes

Housebuilder, Bovis, has announced that it expects to complete 1,800 homes during 2008, compared with 2,930 last year. The group’s stock of unsold homes stands at over 900, despite price reductions and an incentive scheme aimed at attracting buyers. The slowdown in the private housing market is forcing the builder to focus more on the [...]

November 7, 2008 | 0 Comments More
Negative equity could afflict three million households

Negative equity could afflict three million households

Analysts at Citigroup are predicting that negative equity could afflict three million (one in five) UK households as the property market downturn continues and the economy enters a recession. The forecast is based on a 30% peak to trough fall in house prices and a current negative equity estimate of around 0.5 million. The figure [...]

November 3, 2008 | 0 Comments More