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March 16, 2010
DCLG: House prices 6.2% higher in January on year
Permalink: DCLG: House prices 6.2% higher in January on year
by Kay Murchie
Data from the Department for Communities and Local Government (DCLG) showed today that UK house prices rose 2.2% in January compared with December with the average UK home costing £207,159.
On an annual basis, prices are up 6.2% compared ...
March 15, 2010
Asking prices up just 0.1% in March
Permalink: Asking prices up just 0.1% in March
by Kay Murchie
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 ...
March 12, 2010
Property transactions down in 2010
Permalink: Property transactions down in 2010
by Kay Murchie
According to a report by research group, Acadametrics, the number of property transactions fell to 36,000 in January - a 52% fall compared with the previous month.
The group also estimates that transactions only rose marginally to 40,000 in February.
However, the group ...
March 10, 2010
City rents hold steady as banks begin to hire
Permalink: City rents hold steady as banks begin to hire
by Gill Montia
A boost in recruitment in the banking sector has pushed up rental demand in and around the City, reports property consultants, Cluttons.
Recruitment firm Michael Page recently announced that bankers are now twice as much in demand in the ...
March 9, 2010
Rics: Balance between buyers and sellers shifts
Permalink: Rics: Balance between buyers and sellers shifts
by Kay Murchie
According to the Royal Institution of Chartered Surveyors (Rics), there appears to be a shift in the housing market.
In the latter half of last year, house prices started to rise as a shortage of properties on the market and ...
March 8, 2010
Belgravia square retains its title as most expensive place to live
Permalink: Belgravia square retains its title as most expensive place to live
by Kay Murchie
Research by housing information website Mouseprice.com has found Chester Square in London's Belgravia retained its status as the most expensive place to live in 2010 with an average property value of £6.6 million.
According to Mouseprice, in ...
March 4, 2010
Halifax reports 1.5% fall in house prices in February
Permalink: Halifax reports 1.5% fall in house prices in February
by Kay Murchie
The Halifax has today revealed a 1.5% fall in house prices for the month of February compared with January.
However, on an annual basis, house prices are still 4.5% higher than a year ago, while the average UK home ...
CML: Home ownership continues to fall
Permalink: CML: Home ownership continues to fall
by Kay Murchie
According to the Council of Mortgage Lenders (CML), home ownership in the UK continues to fall - as a result of affordability pressures and a shortage of new homes.
During the 10-year period, 1999 and 2009, the number of new homes built ...
March 3, 2010
Taylor Wimpey halves losses
Permalink: Taylor Wimpey halves losses
by Kay Murchie
Taylor Wimpey, which is the UK's second largest housebuilder by market value, has today reported it returned to profitability in the latter half of 2009.
The housebuilder reported a pre-tax loss of £699.9 million for 2009, compared with a loss of £1.97 billion in ...
March 2, 2010
Persimmon reports £77.8m FY profit
Permalink: Persimmon reports £77.8m FY profit
by Kay Murchie
Persimmon, which is the UK's largest housebuilder by market value, has today reported a pre-tax profit of £77.8 million compared with a £780 million loss in 2008.
The latest result was fuelled by the reversal of £74.8 million of its previous provisions.
The ...
March 1, 2010
Land Registry reports 2.1% rise in house prices in January
Permalink: Land Registry reports 2.1% rise in house prices in January
by Kay Murchie
According to the Land Registry, house prices rose by 2.1% in January compared with December putting the average cost of a home at £165,088 in England and Wales.
It must be noted that the Land Registry compiles its ...
Hometrack reports 0.4% rise in house prices in February
Permalink: Hometrack reports 0.4% rise in house prices in February
by Kay Murchie
According to housing intelligence group Hometrack, house prices in England and Wales climbed 0.4% in February compared with a year ago - representing the first annual rise since March 2008.
However, the group cautions that the housing market is ...
February 26, 2010
Nationwide reports 1% fall in house prices in February
Permalink: Nationwide reports 1% fall in house prices in February
by Kay Murchie
The latest house price index from the Nationwide Building Society has revealed a 1% fall for the month of February compared with January.
It was the first time in 10 months that house prices have fallen as the wintry ...
February 22, 2010
New sense of confidence fuels overseas property searches
Permalink: New sense of confidence fuels overseas property searches
by Gill Montia
Interest in international property has soared, according to Primelocation International.
The website has reported a 134% increase in searches in January (compared to a year earlier), December having already shown a 25% rise.
The firm suggests the UK's cold weather is ...
February 16, 2010
Scottish housing market gains strength
Permalink: Scottish housing market gains strength
by Kay Murchie
The latest Scottish House Price Monitor from Lloyds TSB Scotland has revealed the market has made a strong recovery, with prices increasing across the country in the last quarter.
According to the report, the average cost of a home grew to £160,074 in ...
Official figures put annual house price rise at 2.9%
Permalink: Official figures put annual house price rise at 2.9%
by Kay Murchie
Official data has revealed house prices in the UK rose by 2.9% over the course of 2009.
The data from the Department for Communities and Local Government (DCLG) showed that the recovery in prices over the course of 2009 ...
February 15, 2010
Asking prices up 6.1% in February on year
Permalink: Asking prices up 6.1% in February on year
by Kay Murchie
Property website, Rightmove, has reported a rise in asking prices in England and Wales in the four weeks to February 6.
The website said due to a shortage of homes on the market, asking prices were pushed up to an ...
February 12, 2010
Report shows stamp duty holiday benefited homebuyers
Permalink: Report shows stamp duty holiday benefited homebuyers
by Kay Murchie
Figures provided in the Acadametrics report have revealed that the stamp duty holiday benefited many homebuyers.
In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to £175,000 in a bid to revive the housing market, which ...
February 8, 2010
Scottish letting agency launches website with a difference
Permalink: Scottish letting agency launches website with a difference
by Gill Montia
McLean Forth has launched a new website.
The Edinburgh and Fife based letting agency says it is providing tenants and landlords with a unique online resource that includes a home furnishings store usable by any visitor to the site.
The facility ...
February 4, 2010
Halifax reports 0.6% rise in house prices in January
Permalink: Halifax reports 0.6% rise in house prices in January
by Kay Murchie
The Halifax has today revealed a 0.6% rise in house prices for the month of January compared with December.
The latest price gain takes the annual increase to 3.6% with the average UK home costing £169,777.
According to the Halifax, ...
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