Short supply of homes fuels rocketing UK rents and house prices March 19, 2015 A short supply of housing and a recovery in economic fortunes is pushing up rents and house prices. Average monthly rates stood at £766 in February, up 3.1 per cent on last year, according to figures released today by estate agents Your Move and Reeds Rains. London saw the second greatest annual rise in the [...]
House prices near Crossrail stations have risen as much as 82 per cent since it was announced March 18, 2015 House prices within a 10 minute walk of Bond Street station have risen 82 per cent since Crossrail was first announced in 2008, a report published this morning suggested – almost twice the 43 per cent rise experienced in the wider area. Bond Street isn't the only over-performing Crossrail site, though: according to Knight Frank's [...]
Mortgage loan slowdown may be at an end as house prices predicted to rise March 17, 2015 Mortgage lending dropped again in January, industry data showed yesterday, as the market continued to plateau. But economists think this weak spell could be at an end, with lending set to pick up across the rest of 2015. The month saw 22,400 home movers take out mortgages, according to the Council of Mortgage Lenders (CML), down [...]
Slowdown at top and bottom of market hits London house prices March 16, 2015 London property prices fell from February to March, figures released today show. New seller asking prices dropped by 0.4 per cent according to online property market Rightmove. It is the first time in three years that prices have retreated in March. High-end property values saw their asking prices trimmed by 2.6 per cent. Demand [...]
London leads national house price growth March 12, 2015 London and the south east are leading national house price growth despite slowing substantially, new figures show today. Average UK house prices were 6.8 per cent higher in February than they were in the same month last year, according to figures released by property services firm LSL today. If London and the south east are [...]
UK house prices accelerate as drop in London moderates March 11, 2015 The fall in London house prices is moderating, an influential study of property surveyors showed today. The proportion of surveyors reporting falling prices in the capital outweighed those reporting a rise by a margin of 28 per cent in February, the Royal Institute of Chartered Surveyors (RICS) said. By contrast, the net balance seeing prices fall [...]
London house prices: Foxtons share price dips as slowing luxury market takes its toll March 11, 2015 The figures Upmarket estate agent Foxtons had a topsy-turvy year in 2014, with the gradual slowing in London house price growth dragging down its share price. Earlier in the year when prices were still rising fast the skies were only blue. Chief executive Nic Budden said it best: last year was a year of "contrasting [...]
Slump in home loans expected to be temporary March 10, 2015 Agents and brokers are expecting a pick up in mortgage lending this year after a sluggish end to 2014. Meanwhile, one of the UK’s most-watched house price indicators has changed hands. Gross mortgage lending was 8.1 per cent lower in the final three months of 2014 than in the three months to September, according to [...]
General election jitters? UK house prices fall off the boil in February March 5, 2015 The path to house price equilibrium is an undulating one. After a 1.9 per cent spike in January the average cost of a house fell by 0.3 per cent month-on-month in February, according to the latest data from Halifax. This put the price of the average home slightly lower at £192,372, with some analysts suspecting [...]
House prices fell in February on slow demand… March 2, 2015 BRITAIN’S housing market saw a tiny readjustment in February, as prices fell on the month, Nationwide figures showed yesterday. On a monthly basis prices fell 0.1 per cent to an average of £187,964. That compares with a rise of 0.3 per cent in January, and is the first fall since September 2014. On an annual [...]