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 [...]
UK house prices: Rise in mortgage loans could mean slowdown is ending March 2, 2015 Mortgage approvals edged up in January, Bank of England figures showed yesterday, hinting that the slowdown in the market could be coming to an end. A total of 60,786 loans were approved in January, up from 60,349 in December. However, that is still down from 75,559 in January 2014. “A second successive – albeit small [...]
Housebuilder shares rise as Conservatives promise 200,000 cheap starter homes for first-time buyers March 2, 2015 Shares in the UK's largest housebuilders bounced this morning, after the Conservatives pledged to make 200,000 "starter homes" available cheap for first-time buyers if they win the election. Shares in Taylor Wimpey rose 1.54 per cent to 147p in early trading, while Barratt rose 0.87 per cent to 520p and Persimmon rose 1.36 per cent [...]
UK house prices fall by average of £482 in another signal the property market is cooling March 2, 2015 House prices have fallen for the first time in five months as annual growth in the property market slowed to its lowest rate since September 2013 – yet another signal the market is losing steam. The latest figures from Nationwide show house prices fell 0.1 per cent in February compared to a 0.3 per cent [...]
UK house prices: 20pc discount offered to first-time house buyers in England February 28, 2015 From today, first-time house-buyers under the age of 40 can register for a 20 per cent discount on certain properties in England. The offer is taking place under a new government scheme called “starter homes”, which aims to make more affordable housing for young people on disused brownfield sites. “With average house prices for [...]