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Unrealistic asking prices will hinder housing market in 2012

Wed, 11 Jan 2012 23:59:59 -0000

Unrealistic asking prices will hinder housing market in 2012 Rics report expects the housing market to be flat for the next 12 months, despite a rise in the number of new instructions More houses were put up for sale in December 2011, but "unrealistic" asking prices are expected to hinder transactions, according to the Royal Institution of Chartered ...

Britain 'to become nation of renters'

Mon, 14 Nov 2011 23:59:59 -0000

Britain 'to become nation of renters' The UK's housing shortage and the problems around obtaining a mortgage mean that Britain is becoming a nation of renters, according to a new survey. More than half (54pc) of Britons questioned in a poll commissioned by Grainger, the UK's largest listed residential landlord, expect that in 15 years more people in the ...

House prices drop 1.2% says the HalifaxHouse prices drop 1.2% says the Halifax

Thu, 15 Sep 2011 23:59:59 -0000

House prices drop 1.2% says the Halifax House prices dropped 1.2% last month, the Halifax said, ending three months of price rises. The average price of a house fell month-on-month to �161,743 in August, although the "more reliable" quarterly change showed a 1% rise. Martin Ellis, housing economist at Halif...

House prices steady in July, says Halifax

Wed, 17 Aug 2011 23:59:59 -0000

House prices steady in July, says Halifax Further signs of a steadying in the UK house market have emerged after figures from the Halifax showed prices rose by 0.3pc in July. The bank in its latest house price index said that prices were up on a quarter-to-quarter basis for the first time in 14 months, following a 0.5pc rise in the three months to July....

House prices surge in wealthy areas

Sat, 25 Jun 2011 22:59:59 -0000

House prices surge in wealthy areas The value of homes in the most economically prosperous locations of the UK surged ahead of properties in the country's poorest areas, a survey has shown. Homeowners in the 10 areas with highest growth rates in economic activity per person including Edinburgh, Cornwall and the Isles of Scilly and Cambridgeshire&nbs...

House prices fall at fastest rate for 19 months

Tue, 7 Jun 2011 22:59:59 -0000

House prices fall at fastest rate for 19 months Homes lost 4.2% of their value during the past year, based on average prices during the three months to the end of May House prices fell at their fastest annual rate for 19 months during May as buyers continued to stay away from the market, figures showed today. Homes lost 4.2% of their value during the past year, based on average...

Housing recovery still some way off, say surveyors

Sun, 17 Apr 2011 22:59:59 -0000

Housing recovery still some way off, say surveyors House prices across the UK remained flat during March,but are expected to fall in the next three months, according to the Royal Institution of Chartered Surveyors (Rics). For the second month in a row London was the only area in the country to report a rise in prices. Demand for property meanwhile fell last mo...

House prices head for 6% fall

Sun, 13 Mar 2011 23:59:59 -0000

House prices head for 6% fall House prices are heading for a 6 per cent fall in real terms this year, according to the latest data from the country's biggest mortgage lender. The Halifax House Price Index, published, showed a weakening in property values of 0.9 per cent in February, wiping out the 0.8 per cent gain in January. Earlier th...

UK house prices rose 0.8% in January, Halifax says

Sun, 13 Feb 2011 23:59:59 -0000

UK house prices rose 0.8% in January, Halifax says UK house prices rose by 0.8% in January compared wit...

House prices suffer November fall

Fri, 10 Dec 2010 23:59:59 -0000

House prices suffer November fall House prices fell by 0.1% in November but there are hopes the market may be stabilising, Halifax has said. Property prices in the three months to November were 0.7% lower than a year earlier, which was their first annual decline since November 2009. However, Halifax said there were signs homeowners were becoming more reluctant to put p...

House prices dropped 0.8% in September

Thu, 18 Nov 2010 23:59:59 -0000

House prices dropped 0.8% in September House prices fell by 0.8% during September as the property market continued to slow down, figures showed today. The drop, which wiped out the 0.7% increase seen during the previous month, left the average UK home costing �211,815, according to Communities and Local Government. The quarter-on-quarter growth rate, generally seen as a smoot...

No relief for house prices next year, Bank warns

Sat, 23 Oct 2010 22:59:59 -0000

No relief for house prices next year, Bank warnsHouse prices will fall next year, the Bank of England has warned, as home loans become harder to secure amid government spending cuts.The warning will add to growing fears about fragile house prices after...

House prices: Surveyors expect property values to fall

Wed, 15 Sep 2010 22:59:59 -0000

House prices: Surveyors expect property values to fall A bigger proportion of surveyors are expecting house prices to fall in the coming months than at any time since March last year. Some 38% more of those asked, in the survey by the Royal Institution of Chartered Surveyors (Rics), expected prices to fall rather than rise in the next three months. They said that property values f...

House prices rise 0.1 percent in June

Sat, 3 Jul 2010 22:59:59 -0000

House prices rise 0.1 percent in June House prices rose just 0.1 percent on the month in June, down from a 0.5 percent rise in May, the Nationwide building society said Wednesday, in a further sign that the housing market recovery is cooling. House price increases have dipped from stronger rises of around one percent in March and April, Nationwide said, and the annual rat...

House prices up 6.6% in past year, the Halifax says

Sat, 8 May 2010 22:59:59 -0000

House prices up 6.6% in past year, the Halifax saysHouse prices have gone up by 6.6% in the past year, according to the latest Halifax house ...

House market stalls, fuels double-dip

Mon, 15 Mar 2010 23:59:59 -0000

House market stalls, fuels double-dip Fears are growing that the housing market could be facing a double-dip recession, as data released today shows house prices in March have risen by the smallest margin on record. The near standstill in prices has fuelled concerns that a decline in the housing market could lead to a s...

Property sales hit two-year high

Tue, 2 Feb 2010 23:59:59 -0000

Property sales hit two-year high Further evidence of the recovery in the UK housing market has come from figures showing completed residential property sales hit a two-year high in December. Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above �40,000 were completed in December. It wa...

House price rises may stall next year, says MPC's Kate Barker

Wed, 30 Dec 2009 23:59:59 -0000

House price rises may stall next year, says MPC's Kate Barker The rebound in house prices this year is unlikely to be sustained in 2010, one of Britain's most senior policymakers has warned "I would be pretty surprised if we saw the strength of house prices sustained into next year," said Kate Barker, an external member of the Bank of England's Monetary Policy Committee and former h...

House prices still increasing, Land Registry says

Mon, 30 Nov 2009 23:59:59 -0000

House prices still increasing, Land Registry says House prices in England and Wales continued rising in October, climbing by 0.6% according to the latest survey from the Land Registry. It was the fifth month in a row that prices had risen, the Land Registry said. That put the average house price at �159,546, although that was still 3.4% lower than a year ago. The biggest month...

House prices rise again

Sat, 14 Nov 2009 23:59:59 -0000

House prices rise again The average UK house price rose by 0.7% in October, reducing the annual drop in prices to 2.4%. According to the Financial Times House Price Index (FTHPI) compiled by Acadametrics, there were 166,319 housing transactions recorded by the Land Registry for the third quarter of 2009, a 12.9% increase on the third quarter of 2008. Acadametrics chairman Dr Peter W...

House prices 'have further 17pc to fall'

Wed, 21 Oct 2009 22:59:59 -0000

House prices 'have further 17pc to fall' The recent rises in house prices will prove to be a false dawn because of the broader problems facing the British economy, Fitch Ratings said yesterday. The ratings agency predicted that house prices in Britain would fall by around 30pc in total from the October 2007 peak, indicating that they have a further 17pc left to fall. T...

House sales 'stalled in August'

Tue, 22 Sep 2009 22:59:59 -0000

House sales 'stalled in August' UK house sales fell in August from July, the first drop this year, according to HM Revenue & Customs. Figures from HMRC show that 83,000 homes were sold last month, down from 87,000 in July. House sales had been rising steadily this year, with the property market reviving from the sudden slump triggered by the credit cru...

House prices rise again, says Halifax

Thu, 10 Sep 2009 22:59:59 -0000

House prices rise again, says Halifax Prices rose by 0.8% in August but remain 10.1% down on the same month last year, says Halifax House prices rose for a second consecutive month in August as demand for homes continued to grow at a faster rate than availability, mortgage lender Halifax said today. Figures from the bank showed a 0.8% rise in prices over the month, while in the three months to ...

House prices are now rising

Sun, 23 Aug 2009 22:59:59 -0000

House prices rising, says Halifax House prices are now rising, according to the latest survey from the Halifax mortgage lender. The cost of the average house went up by 1.1% in July to �159,623. Prices in the three months to July were 0.8% higher than in the previous three months, the first increase in the underlying trend since October 2007. Housebuilder Taylor Wimpe...

U.K. Housing Market Turns Up

Wed, 15 Jul 2009 22:59:59 -0000

U.K. Housing Market Turns Up LONDON -- The U.K. housing market shows signs of improvement and developers are looking to acquire land again, but economists say a sustained housing recovery remains far off. Home prices fell for six quarters beginning in February 2007 to about �158,000 ($256,500), down from nearly �200,000 at the peak, according to Halifax Bank. But prices have risen 1.9% sinc...

UK house price 'gap' smaller, says survey

Tue, 16 Jun 2009 22:59:59 -0000

UK house price gap smaller, says survey The gap between the asking and selling price for homes has begun to narrow according to most estate agents, reinforcing suggestions that the slump in prices may be slowing. Almost 60 per cent of surveyors reported that the gap had narrowed in the past three months, said the Royal Institution of Chartered Surveyors, noting that sellers still had to factor ...

House Prices Level After 20 Months Of Falls

Mon, 1 Jun 2009 22:59:59 -0000

House Prices Level After 20 Months Of Falls House prices were unchanged in May for the first time in 20 months, further supporting claims that the housing market is beginning to stabilise. Over 90% of asking prices were achieved by sellers in May Housing market analysis group Hometrack said the average cost of a home in England and Wales stayed the same from April to May at �155,600. ...

UK House Prices Bottom or Temporary Summer Bounce?

Thu, 14 May 2009 22:59:59 -0000

UK House Prices Bottom or Temporary Summer Bounce? Therefore the UK housing market is definitely seeing liquid buyers return to the market which 'should' be reflected in rising house prices during the summer months that undoubtedly will increasingly be taken by the mainstream press to conclude that the house prices have bottomed. However the flaw in the analysis for those that will jump ...

Borrowers left in cold by bailout

Sun, 1 Mar 2009 23:59:59 -0000

Little comfort for hard-pressed borrowers as rate hopes rise What is the government doing? It is insuring �325 billion of Royal Bank of Scotland's risky assets in return for a boost to lending. Lloyds Banking Group, 43%-owned by the government, is poised to make a similar deal insurance of an estimated �250 billion of assets in exchange fo...