December 31, 2007

House price inflation lowest for 19 months

Permalink: House price inflation lowest for 19 months
by Kay Mitchell

According to figures from the Nationwide, house price growth will fall below 5% in December. In its monthly survey, the UK's largest building society said prices in December were 0.5% lower than November - the second consecutive month that prices ...


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Main: Home News Guides Forums Property News: Property Prices Mortgages Property Developments Rental Property Overseas Property HIPS Property Guides Property Forums: Buying Property Selling Property Estate Agents Solicitors/Legal Mortgages Builders/Developers Property Development Home Improvement Buying Property Abroad	December 31, 2007 House price inflation lowest for 19 months Permalink: House price inflation lowest for 19 months by Kay Mitchell According to figures from the Nationwide, house price growth will fall below 5% in December. In its monthly survey, the UK's largest building society said prices in December were 0.5% lower than November - the second consecutive month that prices ... (more...) Overseas hot spots provide relief from UK housing market gloom Permalink: Overseas hot spots provide relief from UK housing market gloom by Gill Montia While the UK property market stutters to a halt, overseas investors can still seek out markets with strong growth potential. In 2008 property inflation is expected to remain high in some Middle Eastern and Asian hotspots and ... (more...) December 28, 2007 Mortgage costs may force landlords to withdraw Permalink: Mortgage costs may force landlords to withdraw by Gill Montia A recent report from the Royal Institution of Chartered Surveyors (Rics) warns that rising costs could result in large numbers of landlords withdrawing from the buy-to-let market. Since the autumn, the costs involved in many buy-to-let mortgages have risen steeply. Arrangement fees ... (more...) Mortgage lending slump continues Permalink: Mortgage lending slump continues by Kay Mitchell Figures from the British Bankers Association (BBA) show that mortgage lending slowed further in November indicating that the housing market is cooling. High Street banks in the UK lent Â£4.3 billion on mortgages last month - Â£500 million less than October. The number ... (more...) December 27, 2007 US house prices plummet as recession deepens Permalink: US house prices plummet as recession deepens by Gill Montia Standard and Poorâ€™s (S&P), the credit rating agency, has published it Case Shiller index of US house prices showing that in October, prices fell at their fastest rate for more than six years. The index, which is based on the value ... (more...) Interest rates likely to drop to 4.5% in 2008 Permalink: Interest rates likely to drop to 4.5% in 2008 by Kay Mitchell Experts at the Centre for Economics and Business Research and the European bank believe that the base rate could reach 4.5% next year â€“ the level that interest rates were in August 2006. As the Bank of England ... (more...) Property market is in reverse Permalink: Property market is in reverse by Kay Mitchell Hometrack, the UK's housing intelligence specialist, has claimed that property prices are falling faster now than they have done in the last 3 years. The group has also said that confidence in the property market is 'in reverse'. Richard Donnell of Hometrack ... (more...) December 24, 2007 Scotland and south-east see biggest house prices in 2007 Permalink: Scotland and south-east see biggest house prices in 2007 by Kay Mitchell According to a survey by Halifax Estate Agents', during 2007 Scotland and south-east England experienced the biggest house price rises in 2007. Montrose in Angus saw the strongest growth with prices increasing 39% on average while Winchester, Hampshire ... (more...) First-time buyer levels at lowest since 1980 Permalink: First-time buyer levels at lowest since 1980 by Kay Mitchell According to research by the Halifax, the number of first-time buyers is at the lowest level since 1980. Approximately 300,000 first-time buyers entered the market during this year, 15,000 fewer than in 2006 according to the research. The study highlights ... (more...) December 21, 2007 South of France offers enduring investment appeal Permalink: South of France offers enduring investment appeal by Gill Montia A recent survey from estate agent Knight Frank puts forward the argument that house price growth is beginning to slow on a global scale. The shortage of credit and higher interest rates responsible for a slowdown in the UK housing ... (more...) Turbulence expected in the first half of 2008 according to Rics Permalink: Turbulence expected in the first half of 2008 according to Rics by Kay Mitchell According to experts at the Royal Institute for Chartered Surveyors (Rics), it is expected that the property market will experience some turbulence in the first 6 months of next year due to the credit squeeze. Any ... (more...) A large increase expected in repossessions next year Permalink: A large increase expected in repossessions next year by Kay Mitchell The Repossessions Advice Centre (RAC) has forecasted that 2008 could see an increase in repossessions with homeowners having an 'extremely tough year'. The predictions echo those of the Royal Institution of Charted Surveyor (Rics), who also forecasted an increase ... (more...) Turning point for first-time buyers next year Permalink: Turning point for first-time buyers next year by Kay Mitchell According to mortgage broker, John Charcol, there will be a variety of factors that are likely to provide first-time buyers with a more favourable market next year. The mortgage broker has tipped lower interest rates, improved government shared equity schemes and ... (more...) Speculation grows for interest rate cuts next year Permalink: Speculation grows for interest rate cuts next year by Kay Mitchell According to research from the Building Societies Association (BSA), mortgage lending declined last month as slowing house prices and higher loan costs deterred buyers and sellers. In addition, the Council of Mortgage Lenders (CML) said lending last month was ... (more...) December 20, 2007 Overseas property market set to double by 2012 Permalink: Overseas property market set to double by 2012 by Gill Montia Datamonitor, the business intelligence company, has published new research in which it found that British and Irish citizens own up to 3.81 million homes abroad. (The figure excludes time share and fractional ownership schemes.) Around 1.21 million of the properties ... (more...) Continued demand for family homes Permalink: Continued demand for family homes by Gill Montia In its latest Lettings Survey, the Royal Institution of Chartered Surveyors (Rics) blames oversupply of rental properties for a reduction in growth in tenant demand. In the three months to October of this year, 20% more Rics members reported a rise than ... (more...) Bristol out-performs the UK Permalink: Bristol out-performs the UK by Kay Mitchell Research from Email4Property.co.uk, which operates the largest network of local estate agent websites in the UK, has established that Bristol saw average property prices rise by 9.2% this year, more than any other location in the UK. Bristol, the UK's 9th largest city ... (more...) Attack on Hips by the NAEA Permalink: Attack on Hips by the NAEA by Kay Mitchell The National Association of Estate Agents (NAEA) has called government research into the launch of Home Information Packs (Hips) into question. Last month, the government issued a report by Dr Peter Williams of the National Housing and Planning Advice Unit (NHPAU) ... (more...) Deprived areas will experience house price increases next year Permalink: Deprived areas will experience house price increases next year by Kay Mitchell A survey by Halifax Estate Agents has revealed that some of the UKâ€™s most poorest areas could witness the largest rises in property prices in 2008 in spite of average property values across the country remaining the same. Halifax ... (more...) December 19, 2007 Borrowers may experience financial difficulty next year Permalink: Borrowers may experience financial difficulty next year by Kay Mitchell It has been suggested by AWD Chase de Vere that some mortgage holders may experience financial difficulty next year, particularly those whose fixed-rate mortgages expire. Susan Hannums of AWD Chase de Vere said it could be a bit of a shock ... (more...) Next Page »	Latest News: Britons optimistic on 2012 house price rises House prices up 0.6% in January Redress for sale-and-rent-back victims NewBuy Guarantee scheme launches in March Nationwide: house prices slip 0.2% House prices down 1.3% over 2011 Buying 6% cheaper than renting Moving costs rise faster than house prices Mortgage lending rallies in December Lower / middle earners stuck as tenants Most Read News Today: Mortgages most expensive for 16 years Overseas property investment â€“ a safe option Property prices are 10 times salary Britons optimistic on 2012 house price rises House prices up 0.6% in January NewBuy Guarantee scheme launches in March 10% fall in value of British Landâ€™s portfolio Redress for sale-and-rent-back victims Confidence sinks to lowest for 10 years Barratt Developments in crisis as share price plummets Most Read News To Date: Property prices are 10 times salary Mortgages most expensive for 16 years Overseas property investment â€“ a safe option NHBC Buildmark Insurance Certificate: What you need to know How to Extend Your Flat Lease Westfield Londonâ€™s Shepherdâ€™s Bush shopping centre 92% let Barratt Developments in crisis as share price plummets Property Prices in Ireland could fall up to 60% Nationwide to offer 95% mortgage Possible housing crash in 2008
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House price inflation lowest for 19 months

Overseas hot spots provide relief from UK housing market gloom

Mortgage costs may force landlords to withdraw

Mortgage lending slump continues

US house prices plummet as recession deepens

Interest rates likely to drop to 4.5% in 2008

Property market is in reverse

Scotland and south-east see biggest house prices in 2007

First-time buyer levels at lowest since 1980

South of France offers enduring investment appeal

Turbulence expected in the first half of 2008 according to Rics

A large increase expected in repossessions next year

Turning point for first-time buyers next year

Speculation grows for interest rate cuts next year

Overseas property market set to double by 2012

Continued demand for family homes

Bristol out-performs the UK

Attack on Hips by the NAEA

Deprived areas will experience house price increases next year

Borrowers may experience financial difficulty next year

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