The UK's independent property help portal
22 October 2012

Rents to soar further in “unsustainable” housing market

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by Gill Montia

Rents to soar further in
Years of not building enough homes have led to rising rental and house prices in the UK, leaving millions of families struggling to pay for their accommodation, according to the National Housing Federation (NHF). The result is an unsustainable ...

16 October 2012

Rightmove: asking prices up 3.5%

Permalink: Rightmove: asking prices up 3.5%
by Gill Montia

Rightmove: asking prices up 3.5%
October asking prices for house sellers coming to market are up 3.5% (or an average £8,310) according to Rightmove, as new vendors seek to reverse falls totalling 4.6% (or £11,377) over the summer months. All regions are showing increases, with above average rises ...

15 October 2012

House prices continue to drift down

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by Gill Montia

House prices continue to drift down
House prices in England and Wales fell 0.1% in September following a 0.2% decline in August. Sales plummeted 24% during the month, most likely as a knock-on effect of the Olympics combined with a "lethargic" mortgage market. According to the LSL / Acadametrics ...

10 October 2012

Positive outlook for housing market

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by Gill Montia

Positive outlook for housing market
The UK housing market could see sales rise in the run up to Christmas, according to the Royal Institution of Chartered Surveyors (RICS), which is also expecting prices to steady. Respondents to the latest RICS survey were at their most optimistic about future ...

4 October 2012

House prices fall for three months in a row

Permalink: House prices fall for three months in a row
by Gill Montia

House prices fall for three months in a row
UK house prices fell 0.4% in September, experiencing their third consecutive monthly decline, Halifax reports. Using the three-month-on-three-month measure, prices slipped 0.5% (August -0.3%) and were showing an annual decline of 1.2% (August -0.9%). However, at £159,486 the value of ...

2 October 2012

House prices show September slippage

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by Gill Montia

House prices show September slippage
UK house prices fell by 0.4% during September (August +1.1%) taking the annual rate of decline to 1.4% (August -0.7%), according to Nationwide. Using the more reliable three-month-on-three-month measure, prices were also down 0.4% as September drew to a close, with the value ...

1 October 2012

House prices slip for third consecutive month

Permalink: House prices slip for third consecutive month
by Gill Montia

House prices slip for third consecutive month
Average house prices in England and Wales fell by 0.1% in September, according to Hometrack, registering their third consecutive monthly decline. The housing intelligence firm blamed last month's slippage on weak demand and expects pricing to remain under downward pressure in ...

30 September 2012

Detached homes put on £77,000 over a decade

Permalink: Detached homes put on £77,000 over a decade
by Gill Montia

Detached homes put on £77,000 over a decade
The UK's detached homes have typically put on £642 per month over the past 10 years, increasing in value to an average £282,211, according to Halifax. Prices have risen by 38% or an average £77,000 since mid 2002, while the ...

17 September 2012

Over £130 a month cheaper to buy than rent

Permalink: Over £130 a month cheaper to buy than rent
by Gill Montia

Over £130 a month cheaper to buy than rent
The cost of buying a home in the UK is currently almost a fifth lower than renting, according to research by Halifax, with buying costs having dropped 3% and average rent having increased 5% in the past year ...

12 September 2012

Housing market holds steady in August

Permalink: Housing market holds steady in August
by Gill Montia

Housing market holds steady in August
The UK housing market managed to hold steady in August, despite the distraction of the Olympics, according to the latest survey by the Royal Institution of Chartered Surveyors (RICS). The month saw a slight fall in demand and little change in the ...

6 September 2012

House prices slip again in August

Permalink: House prices slip again in August
by Gill Montia

House prices slip again in August
UK house prices fell 0.4% in August, according to Halifax, with the value of the typical home slipping to £160,256 following a second successive monthly fall. On a three-month-on-three-month basis, prices were 0.3% lower and showing a slightly worse decline than in ...

31 August 2012

July house prices up 1.3%

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by Gill Montia

July house prices up 1.3%
UK house prices rose by 1.3% in August (July: -0.8%) according to Nationwide, having shown their largest monthly increase since January 2010. The spurt followed declines in June and July and left the annual rate of fall at -0.7% (August 2011 -2.6%). With the ...

28 August 2012

Scotland’s “second steppers” blocked by low equity

Permalink: Scotland’s “second steppers” blocked by low equity
by Gill Montia

Scotland's
Scottish homeowners wanting to take their second step on the property ladder are facing the toughest market conditions for over 25 years, according to Bank of Scotland. The average price of a first-time buyer property in Scotland has fallen 15% (or ...

13 August 2012

House prices edge up in July

Permalink: House prices edge up in July
by Gill Montia

House prices edge up in July
House prices in England and Wales edged up by 0.2% in July, according to Acadametrics, and at £225,769 the value of the typical home showed an annual gain of 3.2% (June: +3.6%). However, banks and building societies are targeting those with sizeable ...

6 August 2012

House prices down 0.6%

Permalink: House prices down 0.6%
by Gill Montia

House prices down 0.6%
UK house prices fell 0.6% during July, according to Halifax, but on a quarter-on-quarter basis were unchanged. Last month's fall followed a rise of 1% in June and left the average house price at £161,094. The annual rate of decline currently stands at 0.6%, there ...

1 August 2012

July house prices slip 0.7%

Permalink: July house prices slip 0.7%
by Gill Montia

July house prices slip 0.7%
The price of a typical UK home fell by 0.7% in July (June: -0.6%), according to Nationwide, and at £164,389 registered an annual decline of 2.6% (June: -1.5%). The building society's index shows house prices falling for the fourth time in five months, ...

30 July 2012

House price down 0.5% on the year

Permalink: House price down 0.5% on the year
by Gill Montia

House price down 0.5% on the year
House prices in England and Wales have fallen for the first time in seven months with the typical home losing 0.1% during July and registering a year-on-year decline of 0.5%. According to Hometrack, the usual seasonal slowdown and a weakening economy ...

23 July 2012

East End homes see Olympic price boom

Permalink: East End homes see Olympic price boom
by Gill Montia

East End homes see Olympic price boom
With just a few days to go before the opening ceremony of the London 2012 Olympic Games, new research from Lloyds TSB reveals that homeowners living close to the main site have seen the value of their homes rise by ...

20 July 2012

Mortgage lending slips 5%

Permalink: Mortgage lending slips 5%
by Gill Montia

Mortgage lending slips 5%
Gross mortgage lending in June totalled £11.9 billion, according to the Council of Mortgage Lenders, representing a 5% fall from both the previous month and a year earlier. Lending in the first half of 2012 totalled £67.9 billion, or 7% more than the first ...

17 July 2012

Asking prices drop 1.7%

Permalink: Asking prices drop 1.7%
by Gill Montia

Asking prices drop 1.7%
House sellers coming to market in July cut asking prices by 1.7% (an average £4,138) marking the largest price drop in the month for four years. According to Rightmove, new sellers are currently outnumbering successful buyers by nearly two to one, with miserable weather ...