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July 30, 2008
Negative equity looms for 14% of mortgage holders
Permalink: Negative equity looms for 14% of mortgage holders
by Kay Murchie
According to Standard & Poor (S&P), if property prices continue to fall at their current pace, around 1.7 million people could be pushed into negative equity in the next 12 months.
The credit ratings agency said this represents 14% of ...
July 28, 2008
House prices expected to recover by rising 25%
Permalink: House prices expected to recover by rising 25%
by Kay Murchie
A new report by the National Housing Federation (NHF) is suggesting that average house prices in England are set to rise by 25% by 2013.
The news will no doubt be welcomed by homeowners currently in negative equity due ...
House prices fall 1% according to Land Registry
Permalink: House prices fall 1% according to Land Registry
by Kay Murchie
According to the latest figures from the Land Registry, house prices in England and Wales fell 1% between May and June.
The figures are based on completed sales and are therefore not the most recent but are the most accurate. ...
July 23, 2008
Mortgage approvals hit new low while house sales halve in just one year
Permalink: Mortgage approvals hit new low while house sales halve in just one year
by Kay Murchie
According to figures from the British Bankers' Association (BBA), mortgage approvals for house purchases have fallen to a record low.
The BBA said its members approved just 21,118 new home loans in June, down 23% ...
July 22, 2008
NLA launches Tenant Check service
Permalink: NLA launches Tenant Check service
by Gill Montia
The National Landlords' Association (NLA) has launched a Tenant Check service aimed at helping private landlords make informed decisions about their prospective tenants before granting them a tenancy.
According to NLA research, it can take up to six months to resolve cases ...
July 21, 2008
Citigroup warns house prices will continue to fall
Permalink: Citigroup warns house prices will continue to fall
by Lin Freestone
In an interview broadcast on the BBC, the chairman of Citigroup, one of the world’s largest consumer banks, warned that house prices in the UK and the US are likely to fall for another two years.
According to Sir Win ...
July 15, 2008
Country properties experience price falls
Permalink: Country properties experience price falls
by Kay Murchie
Figures from estate agent Knight Frank have shown that prime country property prices fell 3.9% in the second quarter of 2008, this represents the fastest rate for over 10 years.
This market generally attracts city professionals and the credit crunch has meant that ...
Rents set to rise up to 15% per annum
Permalink: Rents set to rise up to 15% per annum
by Gill Montia
The Association of Residential Letting Agents (ARLA) has published research entitled "The Modern UK Housing Market - Origins and Prospects", in which it predicts that rents in the private rented sector will rise significantly in the short term. ...
Home sales plunge to 30-year low
Permalink: Home sales plunge to 30-year low
by Kay Murchie
According to figures from the Royal Institution of Chartered Surveyors (Rics), home sales have plunged to their lowest levels since surveyors started collecting records in 1978.
In the three months to 30 June, estate agents said they sold an average of ...
July 13, 2008
Baydonhill Cautions Holiday Home Buyers Of Skyrocketing Euro
Permalink: Baydonhill Cautions Holiday Home Buyers Of Skyrocketing Euro
by Elisha Sanders
Figures released today spell trouble for Brits planning to buy foreign holiday houses, with the average price of a house in France or Spain rising by £26,000 to £160,000 due to the increasing strength of the Euro. Baydonhill, ...
Stamp duty holidays for first-time buyers being considered
Permalink: Stamp duty holidays for first-time buyers being considered
by Kay Murchie
The Government is considering cutting stamp duty in a bid to kick-start the property market.
The UK property market is in danger of grinding to a halt with prices falling at the fastest rate since records began over 50 years ...
July 10, 2008
Barratt announces 1,200 job losses
Permalink: Barratt announces 1,200 job losses
by Kay Murchie
Housebuilder Barratt Developments has announced it is shedding 1,200 jobs as it battles with the housing slump.
The news from Barratt’s follows that from Bovis Homes and Redrow, who yesterday confirmed that they are shedding shed 400 and 550 jobs respectively. Earlier this ...
House prices 6.1% lower than a year ago
Permalink: House prices 6.1% lower than a year ago
by Kay Murchie
According to the Halifax, house prices in the UK fell by 2% last month, and prices are 6.1% lower than they were compared with this time last year.
The UK’s largest mortgage lender said the average home now costs £180,344, ...
July 8, 2008
Savills shares plunge after London house prices down 7.5%
Permalink: Savills shares plunge after London house prices down 7.5%
by Kay Murchie
Exclusive estate agent, Savills, saw its shares plunge 14% in early trading today after it said the housing downturn is now having an impact in central London as house prices have fallen 7.5% this year in the capital.
The ...
July 4, 2008
Agents Urge Landlords And Tenants To Retian Rental Insurance
Permalink: Agents Urge Landlords And Tenants To Retian Rental Insurance
by Elisha Sanders
Fears of a recession are growing within the U.K. and Ireland, which is leading many to reduce spending on non-essential services. One service that may see a decline, according to industry sources, is insurance on rental properties, both ...
July 2, 2008
Equity withdrawals plummet by 64%
Permalink: Equity withdrawals plummet by 64%
by Kay Murchie
According to figures from the Bank of England, the amount of money homeowners are borrowing on their houses has plummeted by 64% in the first three months of 2008.
Housing equity withdrawal, which is when homeowners take out larger mortgages to spend on ...
July 1, 2008
Regional house price survey from the Nationwide
Permalink: Regional house price survey from the Nationwide
by Lin Freestone
The Nationwide has released its figures for the second quarter of the year, outlining the state of the property market throughout the UK.
Twelve out of 13 areas of the UK surveyed witnessed year-on-year drops in house prices during the months ...
House prices continue to fall according to latest survey from Nationwide
Permalink: House prices continue to fall according to latest survey from Nationwide
by Kay Murchie
According to the latest survey from the Nationwide, house prices fell by 0.9% in June. This is less than half the 2.5% fall experienced in May.
The Nationwide said that the average UK house price is now ...
June 27, 2008
Shools boost property prices in London
Permalink: Shools boost property prices in London
by Kay Murchie
According to Katy Stern of estate agent Foxtons, people are prepared to pay a little extra for a property as they are so determined to get their children into a good school.
New homes built just yards from the schools in the ...
Land Registry: House prices unchanged in May
Permalink: Land Registry: House prices unchanged in May
by Kay Murchie
According to figures published today from the Land Registry, house prices in England and Wales were unchanged in May compared with the previous month.
In addition, figures from the organisation showed that house sales were down during March at 53,080, compared ...
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