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May 23, 2012

Asking prices flat as downtraders dominate housing market

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by Gill Montia

Asking prices flat as downtraders dominate housing market
Asking prices for new sellers coming to market remained flat in May, according to Rightmove. For the first time, the property portal's monthly index failed to register a May bounce, with the average asking price at £243,759. Prices are typically 2% ...

May 8, 2012

Housing market rally runs out of steam

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by Gill Montia

Housing market rally runs out of steam
The UK's recent housing market rally has run out of steam, according to the latest poll from the Royal Institution of Chartered Surveyors (RICS). Following the upturn in activity seen towards the expiry of the stamp duty holiday in March, prices ...

May 4, 2012

House prices down 0.9% on the year

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by Gill Montia

House prices down 0.9% on the year
UK house prices edged down by 0.2% in April, according to Nationwide, and were 0.9% lower than a year earlier, at an average £164,134. The monthly decline followed a 1% fall in March, prices now having slipped for the fourth time ...

May 2, 2012

House prices slip 0.6%

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by Gill Montia

House prices slip 0.6%
Land Registry figures show house prices in England and Wales slipping by 0.6% in March, compared with February, taking the value of the typical home to £160,372. However, the North East, which has been hard-hit by the house price crash, turned in an impressive ...

April 17, 2012

Jump in affordable towns for key workers

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by Gill Montia

Jump in affordable towns for key workers
New research from Halifax shows that housing affordability has improved greatly for key public sector workers, since house prices peaked in September 2007. According to the lender's survey, two in five towns (41%) are now affordable, based on ...

April 16, 2012

Asking prices beat 2008 levels

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by Gill Montia

Asking prices beat 2008 levels
Asking prices have risen 2.9% in April, according to Rightmove, with the typical vendor raising their expectations by £6,798. At £243,737 the average asking price has, in fact, hit an all-time high, having risen 3.4% over the last 12 months to beat the ...

April 11, 2012

Sales hotspots shift north

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by Gill Montia

Sales hotspots shift north
The number of property sales hotspots in England and Wales fell to its lowest level since the height of the financial crisis in 2008, according to new research by Lloyds TSB. Just 40% (202) of the 500 towns tracked demonstrated "hotspot" status last ...

April 10, 2012

Home buyers continue to test the market

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by Gill Montia

Home buyers continue to test the market
Potential home buyers continued to test the market during March as the stamp duty holiday finally came to an end, says the latest survey from the Royal Institution of Chartered Surveyors (RICS). Nine per cent more surveyors reported increases rather than ...


“Timid” planning reforms fail to address affordability

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by Gill Montia

The Government’s "timid" planning reforms will not solve affordability problems in the UK housing market, according to the Institute of Economic Affairs (IEA). In a new report entitled "Abundance of land, shortage of housing", the right-wing think tank claims that not ...

April 4, 2012

Halifax: broad stability in UK house prices

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by Gill Montia

Halifax: broad stability in UK house prices
House prices in the first three months of 2012 were 0.1% lower than in the previous quarter, according to Halifax, although the value of the typical home increased by 2.2% during March. The rise followed a 0.4% decline in February and ...

April 3, 2012

House prices post first rise in 20 months

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by Gill Montia

House prices post first rise in 20 months
In March, house prices in England and Wales posted their first monthly rise for 20 months, according to Hometrack. Increased demand and activity, plus a scarcity of housing for sale, resulted in an increase of 0.2%, although London continued to ...

March 30, 2012

Annual house price inflation down to 0.2%

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by Gill Montia

Annual house price inflation down to 0.2%
Only seven out of 13 UK regions recorded annual house price growth in the first quarter of 2012, according to Nationwide. During the first three months of 2012, the value of the typical home slipped 0.1% to £162,722. For the UK ...

March 28, 2012

Home improvements add less to property values

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by Gill Montia

Home improvements add less to property values
With more than half of UK householders planning DIY projects during the April, May and June Bank Holidays, a new survey from HSBC claims that major improvements are adding less to the value of a home than a year ago. According ...

March 26, 2012

House prices nudge up 0.1%

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by Gill Montia

House prices nudge up 0.1%
House prices in England and Wales nudged up 0.1% in February, according to the Land Registry, taking the value of the typical home to £161,588. Wales saw the biggest monthly gain at 2% while in the North East the value of the average ...

March 20, 2012

Asking prices up 1.6%

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by Gill Montia

Asking prices up 1.6%
New sellers increased asking prices by 1.6% (an average £3,687) in March, according to Rightmove, with vendors' ambitions up 4.9% over the first three months of the year, compared with the same period of 2011. The rise marks the largest first-quarter increase in asking ...

March 13, 2012

Housing market pessimism begins to lift

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by Gill Montia

Housing market pessimism begins to lift
The February survey from the Royal Institution of Chartered Surveyors (RICS) is to be welcomed, as surveyors were at their most optimistic in almost two years. Transaction levels continued to rise - the average number of sales per estate agency branch increased ...

March 9, 2012

House prices up 0.2% as transactions leap 13%

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by Gill Montia

House prices up 0.2% as transactions leap 13%
House prices in England and Wales rose 0.2% in February as first-time buyers hit the market with urgency to beat the deadline on the stamp duty concession, which ends later this month. According to the LSL / Acadametrics House Price ...

March 7, 2012

House price down 1.9% on the year

Permalink: House price down 1.9% on the year
by Gill Montia

House price down 1.9% on the year
UK house prices fell 0.5% during February, according to Halifax, with the decline almost wiping a January gain of 0.6%. At £160,118 the value of the average home is little changed from the Spring of last year. On an annual basis, prices ...

March 1, 2012

House prices edge up 0.6%

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by Gill Montia

House prices edge up 0.6%
UK house prices increased by 0.6% during February, according to Nationwide. At £162,712, the value of the typical home showed a 0.9% year-on-year rise (January: +0.6%), activity in the market having picked up markedly since a year ago. Sales leapt 23% in January and ...

February 28, 2012

UK house prices down one-third since 2007

Permalink: UK house prices down one-third since 2007
by Gill Montia

UK house prices down one-third since 2007
In its 2012 European Housing Review, the Royal Institution of Chartered Surveyors (RICS) states that real house prices in the UK have fallen by one-third since 2007, while France and Germany have seen far more modest declines of one-tenth or ...