Tag: uncertainty

Rics: Housing market remains in the doldrums

Rics: Housing market remains in the doldrums

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in August with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

September 13, 2011 | 0 Comments More
Land Registry reports 1.3% rise in July house prices

Land Registry reports 1.3% rise in July house prices

According to the Land Registry, house prices rose by 1.3% in July compared with June, putting the average cost of a home at £163,049 in England and Wales. On an annual basis, the Registry said prices are 2.1% lower. It must be noted that the Land Registry compiles its data from completed transactions and therefore [...]

August 30, 2011 | 0 Comments More
Halifax reports 0.3% rise in July house prices

Halifax reports 0.3% rise in July house prices

The Halifax has today revealed UK house prices rose by just 0.3% in July on a monthly basis – the third consecutive monthly rise. The latest rise takes the average cost of a UK home to £163,981, the Halifax said. However, on an annual basis, prices are 2.6% lower. When comparing prices in the three [...]

August 5, 2011 | 0 Comments More
Rightmove: Asking prices down for first time this year

Rightmove: Asking prices down for first time this year

Property website, Rightmove, has today reported a drop in asking prices for the month of July – the first fall this year. According to Rightmove, asking prices for residential property in England and Wales fell by 1.6% in July. The property website, which claims to advertise 90% of the properties on the market, said the [...]

July 18, 2011 | 0 Comments More
Halifax reports 1.2% rise in June house prices

Halifax reports 1.2% rise in June house prices

The Halifax has today revealed UK house prices rose by 1.2% in June on a monthly basis. The rise represented the biggest month-on-month gain since October and takes the average cost of a UK home to £163,049, the Halifax said. However, on an annual basis, prices are 3.5% lower. When comparing prices in the three [...]

July 6, 2011 | 0 Comments More
Rics: House viewings pick up due to warm weather

Rics: House viewings pick up due to warm weather

The Royal Institution of Chartered Surveyors (Rics) has today reported a pick up in the number of house viewings in April, as a result of the warm weather. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the [...]

May 10, 2011 | 0 Comments More
Home Retail Group announces fall in profits

Home Retail Group announces fall in profits

Home Retail Group, owner of Argos and Homebase, has today reported a 9.5% fall in pre-tax profits as conditions on the High Street remain challenging. Profits fell to £265.2 million in the 12 months to 26 February compared with £293 million in the same period a year ago. Meanwhile, revenue was almost 3% lower on [...]

April 20, 2011 | 0 Comments More
Halifax reports 0.1% rise in March house prices

Halifax reports 0.1% rise in March house prices

The Halifax has today revealed UK house prices crept up by 0.1% last month compared with February, when prices dropped 0.9%. The latest house price rise takes the average cost of a UK home to £162,912, the Halifax said. Meanwhile, in the three months to March, prices dropped 2.9% compared with the same period a [...]

April 6, 2011 | 0 Comments More
Rightmove: Asking prices up in March

Rightmove: Asking prices up in March

Property website, Rightmove, has today reported a rise in asking prices in the four week period to March 12. According to Rightmove, asking prices for residential property in England and Wales grew 0.9% on an annual basis, up from February’s 0.3%. On a monthly basis, asking prices were up 0.8%, slowing from February’s 3.1% - [...]

March 21, 2011 | 0 Comments More
Debenhams bullish despite economic issues

Debenhams bullish despite economic issues

Department store group Debenhams said like-for-like sales fell 1.5% (excluding VAT) in the 26 weeks to 26 February. Despite the fall, the no. 2 department store (after John Lewis) said it was well placed to manage the uncertainty surrounding the economy, which is squeezing household incomes due to soaring inflation. It said it will focus [...]

March 15, 2011 | 0 Comments More
Bovis sees encouraging start to the year

Bovis sees encouraging start to the year

Housebuilder Bovis Homes issued a positive statement today after saying 2011 had started well for the company and it will resume dividend payments. According to the company, pre-tax profits for 2010 were £18.5 million - more than double the £7.5 million it reported for the 2009 year. Revenues were up 6% at £298.6 million and [...]

March 14, 2011 | 0 Comments More
Rics: Housing market remains subdued

Rics: Housing market remains subdued

The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remains weak. However, it appears house price falls are easing. While prices in England and Wales continued to fall last month, it was at the slowest pace since last summer. The Rics revealed 26% more surveyors reported house price falls than [...]

March 8, 2011 | 0 Comments More
CEBR expecting house prices to fall this year

CEBR expecting house prices to fall this year

Leading think tank, the Centre for Economics and Business Research (CEBR), has today suggested higher inflation and unemployment will knock the housing market recovery and lead to a fall in UK house prices. It is forecasting a 1.7% fall for prices this year, reversing its earlier prediction of a rise of 0.8% for 2011. While [...]

February 14, 2011 | 0 Comments More
Rics: Housing market remains sluggish

Rics: Housing market remains sluggish

The Royal Institution of Chartered Surveyors (Rics) has today revealed uncertainty surrounding the economy means buyers and sellers remain cautious. As a result, the housing market has got off to a slow start in 2011 as buyer demand remains weak and supply levels remain low. However, the Institution said new buyer enquiries picked up in [...]

February 8, 2011 | 0 Comments More
Bovis Homes optimistic as it resumes dividend

Bovis Homes optimistic as it resumes dividend

Housebuilder Bovis Homes has today issued a positive trading statement after saying it expects profits to be ahead of expectations for the 2010 year. The company, which is one of the smaller listed housebuilders, said it will also start paying dividends again to shareholders. Many housebuilders took a battering during the housing market slump and [...]

January 14, 2011 | 0 Comments More
Housing market confidence falls to two-year low

Housing market confidence falls to two-year low

A survey of 5,287 homeowners by online property website Zoopla.co.uk has revealed housing market confidence is at a two-year low. More than half (54%) of those questioned said they expect house prices to rise over the first six months of 2011 - this is down from the 81% reported this time last year. The website’s [...]

January 10, 2011 | 0 Comments More
House prices up just 0.4% on year

House prices up just 0.4% on year

The latest house price index from the Nationwide Building Society has revealed a 0.4% rise for the month of December compared with November. The latest rise means house prices are now just 0.4% higher than this time last year with the average UK home costing £162,763. Commenting on the figures, Nationwide’s chief economist Martin Gahbauer, [...]

December 31, 2010 | 0 Comments More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in November. According to the BBA, the number of new mortgages approved in the month fell to 29,991, down from 30,689 in October - representing a 20-month low. Net mortgage lending fell to [...]

December 23, 2010 | 0 Comments More
Rics gives prediction for house prices in 2011

Rics gives prediction for house prices in 2011

The Royal Institution of Chartered Surveyors (Rics) has today indicated house prices could fall by around 2% in the next 12 months. However, the Institution highlights that the fall could be much more severe if the Government’s austerity measures hamper the economic recovery. Many reports have pointed to a cooling housing market with continuous falls [...]

December 22, 2010 | 0 Comments More
HMRC: House sales down in November

HMRC: House sales down in November

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in November in the UK. According to HMRC, 77,000 homes worth at least £40,000 or more were sold in the month - down from the 80,000 sold in October and 6,000 less than in November last year. The figures are [...]

December 21, 2010 | 0 Comments More