On the frontline: Does a slowing rate of growth mean lower house prices? October 20, 2014 One quarter is a long time in the property market. Our Investor View reports show Q1 growth across 18 offices at 6.5 per cent, Q2 2.1 per cent and Q3 0.1 per cent. So does a slowing rate of growth mean house prices will fall? Messrs Osborne and Cameron will be hoping not, and Douglas [...]
UK property: South east overtakes London as region with fastest-growing house prices October 20, 2014 The south east has overtaken London as the region with the fastest-growing house prices, figures published today show – despite the average asking price in the capital hitting £596,000 in the year to October. According to research by Rightmove and Oxford Economics, prices in the capital grew 9.6 per cent during the period, while [...]
London house prices may be starting to drop October 15, 2014 London house prices could already be falling, according to figures released yesterday by estate agents Haart. Prices in the capital were 3.3 per cent lower in September than in August. However, growth since September 2013 remains high at 19.8 per cent. A similar, but less extreme, trend is seen for prices for the whole UK. [...]
London house price boom set to stall in 2015 as tough new mortgage lending rules take effect October 14, 2014 House price growth is set to level off across the UK and could even be at risk of falling in the capital, according to industry experts. “It’s been indicated by the collapse in buyer in inquiries, there’s been a very sharp fall in London,” Joshua Miller, economist from the Royal Institution of Charted Surveyors, told [...]
The average London house price is now £514,000: But how is the rest of the UK faring? October 14, 2014 UK house prices are up 11.7 per cent in the year to August, the same as the year to July but how much are they being dragged up by London? Eleven point seven per cent growth seems big enough, given low wage growth and inflation of 1.2 per cent. But what about the context? According [...]
UK house prices grow nearly 12 per cent in a year – but in London it’s closer to 20 per cent October 14, 2014 The average price of a UK house rose by 11.7 per cent in the year to August, with London still leading the way. Figures published by the Office for National Statistics this morning showed that house price inflation was strongest in England, up 12.2 per cent, followed by Northern Ireland, where prices rose 9.6 [...]
In charts: UK house prices may be rising, but it could be time to buy in Europe October 13, 2014 The house price boom in the UK may be slowing, but at least the market here isn't in bad shape. That's not the story across the channel. We have higher prices than before the crash and there is enough demand in the market, even if it is waning slightly. Many countries on the continent are still suffering [...]
London house prices could drop further over the next three months October 9, 2014 House price momentum has gone back 16 months. According to the latest Royal Institution of Chartered Surveyors (Rics) report, this is the third straight month that demand has slipped. Simon Rubinsohn, chief economist at Rics, said expectations were that prices in London could drop over the next three months, as a greater balance between supply and [...]
UK house prices grow 9.6 per cent in a year, but growth is slowing. Here’s why October 8, 2014 More data showing the housing market is slowing has emerged today. Halifax, which bases its calculations on its own mortgage lending, calculates prices have risen 9.6 per cent over the year to September (down from 9.7 per cent for the year to August and 10.2 per cent for the 12 months to July) and 2.7 [...]
Forget a penal mansion tax: It’s archaic council tax that needs desperate reform October 7, 2014 WHILE the party conference headlines have focused on Ed Miliband forgetting to mention the deficit, both the Labour leader and David Cameron were also guilty of only referring to “investment” twice in their conference addresses. When that happens, you know political minds are on next May’s general election, rather than on what is best for [...]