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30th of December 2010
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News Tag: supply

September 1, 2010

House prices slip on supply / demand imbalance

by Gill Montia
Hometrack's August housing market survey shows buyer interest in England and Wales falling away for the second consecutive month. Demand from new buyers declined by 2.2% on July, while the number of properties on the market rose by 2.4%. The shift cannot be blamed entirely on seasonal factor, with the typical rise in new properties coming onto the market during August ...

August 31, 2010

Tens of thousands trapped in negative equity until 2014

by Gill Montia
Tens of thousands of homeowners who bought during the housing boom face another four years of being trapped in negative equity. According to a new forecast from the National Housing Federation (NHF), those who purchased a property in England at the peak of the market in 2007 paid an average price of £216,800. They may therefore have to wait ...

August 5, 2010

Taylor Wimpey: UK housing market “relatively robust”

by Gill Montia
Taylor Wimpey has reported "relatively robust" UK housing market conditions over the first half of 2010, having achieved 4,804 legal completions, up slightly from 4,702 a year earlier. The group sold 3,925 homes to private buyers and 866 to affordable housing providers, with the remainder joint ventures. Encouragingly, the developer's cancellation rate scaled back to 16% in the six months to the ...

July 29, 2010

Nationwide: house prices down 0.5%

by Gill Montia
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 in part to the strength of house price ...

March 15, 2010

Asking prices up just 0.1% in March

by Kay Murchie
Asking prices up just 0.1% in March
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 rose just 0.1% between the four ...

January 12, 2010

House price rises slow in December

by Gill Montia
UK house prices rose at a slower pace in December, as the gap between supply and demand narrowed. A new survey from the Royal Institution of Chartered Surveyors (RICS) reveals that 30% more Chartered Surveyors reported a rise, rather than a fall, compared with 35% reporting a rise in November. However, a significant majority of surveyors were still recording price increases in ...

November 9, 2009

Five buyers for every house on the market

by David Masters
For every property on the market there are five potential buyers looking to snatch it up, new research has discovered. A study by the National Association of Estate Agents (NAEA) found estate agents had an average of 287 prospective buyers on their books in October. The average number of properties available at estate agents was 57. The high demand has bumped up prices slightly, but has not translated into sales. House prices ...

July 28, 2009

Housing market strengthens in South East

by Gill Montia
Hometrack has reported that house prices in England remained level in June, as in May, easing the annual rate of decline in values to 8.7%. The housing intelligence firm suggests that a scarcity of homes for sale is propping up prices, with southern England experiencing the strongest market. According to the research, the past six months have seen the volume of buyers ...