London house prices: Growth slumps July 25, 2014 The boom might be ending: London House Prices have stagnated in July, recording their first almost growth-free month since December 2012. According to data from Hometrack – which is a survey rather than indexed data – prices in the capital were unchanged at zero per cent for July, down from 0.5 per cent in June and 0.6 per cent [...]
London house prices up £43,115 in six months as market soars July 22, 2014 The price of an average house in London has risen by £43,115 in the first six months of this year alone, according to astonishing figures from Zoopla, more than the annual salary of an average electrical engineer. By the property website’s reckoning, average property prices in London have risen 8.2 per cent between January and [...]
UK house sales at their highest since 2007, but seasonally adjusted figures show drop July 22, 2014 There was another sign that the UK property market may be cooling, after the HMRC released figures showing that the number of properties sold in the month of June had dropped – when the numbers are adjusted by season. Although the raw number of sales for June, 109,580, is the highest since November 2007 (and [...]
UK house prices fall for first time in 2014 July 21, 2014 House prices across the UK have fallen for the first time this year, according to the Rightmove House Price Index. It showed that the average advertised cost for a home fell from £272,275 in June to £270,159 in July, marking a 0.8 per cent decrease. This meant that, while the growth rate was [...]
London house prices swell by a fifth in a year July 16, 2014 House prices jumped by more than a 10th across the UK in the year to May, and more than one fifth in the capital’s frothy housing market, with little suggestion that new regulations had slowed price growth. The Office for National Statistics (ONS) revealed yesterday that house prices in London had risen by 20.1 per [...]
UK house prices in graphs: London sees 50pc rise in the number of high-end properties on sale July 15, 2014 The number of homes entering the market at above £500,000 rose by almost 30 per cent in the UK and 50 per cent in London in the last 12 months. According to research by Experian, houses between £250,000 and £500,000 rose by 16 per cent over the last year, putting volumes for both at their highest [...]
London house price rises reach 20.1pc, with UK prices up 10.5pc July 15, 2014 House prices rose 10.5 per cent year-on-year for the 12 months to May 2014, outstripping the 9.9 per cent rise registered for the same period last year and higher than the 10.2 per cent expected by forecasters. Rises were largest in London where prices increased by 20.1 per cent, higher even than April's 18.7 per [...]
UK house prices: More expensive properties take up growing share of market July 14, 2014 More high-end properties are now entering the housing market than at any time in the last four years, according to a report released this morning. Figures from Experian show that the number of homes entering the British housing market worth over £500,000 is up by 29.9 per cent. The number of houses in the bracket [...]
UK house prices in graphs: For one London square metre you could buy a new car July 11, 2014 Buying a square metre of Kensington and Chelsea property now costs roughly the same as a new entry-level Ford Fiesta. With one square metre costing £10,854, the area is the most expensive local authority in the country to live in. According to data from Halifax, average house prices in this and six other London boroughs [...]
Analyst Views on UK house prices: What will happen next in Britain’s soaring property market? July 9, 2014 JEREMY DUNCOMBE | LEGAL AND GENERAL Despite this slight dip in house price growth in the last month, the overall trend shows an acceleration of house price increases, particularly in London. To nurse the market back to health, efforts need to be directed towards supporting house builders and ensuring that supply meets demand. [...]