Warning to UK over runaway house prices May 6, 2014 ECONOMISTS from a group of the world’s leading wealthy countries yesterday issued a stark warning over the UK’s property market, advising British authorities to take action against surging house prices. The Organisation for Economic Co-operation and Development (OECD) added to concerns that the UK’s recent house price growth was out of sync with weak wages, [...]
Don’t panic – British house prices are really boring May 6, 2014 You wouldn’t guess it from London’s boom in house prices, but Britain’s market overall is perhaps the most boring in the developed world, OECD numbers showed today. Prices increased just 1.3 per cent last year, the organisation said – a shockingly dull rise. And don't just take that number in isolation. Britain is [...]
UK house prices are four years ahead of Europe’s April 30, 2014 Britain went through a pretty miserable recession following the financial crisis, and naturally house prices suffered. But look at this chart from Standard and Poor’s which shows how lucky Britain was to avoid the worst of the Eurozone crisis. The crunch in UK house prices, as a national average, lasted only until 2011. [...]
London house price surge to slow after frenzied year April 28, 2014 LONDON house prices could rise more moderately in the months ahead after a manic year of double digit growth, new evidence today suggests. The latest report from Hometrack shows that the amount of time that the average London house spends on the market has risen from 2.7 to 3.4 weeks between March and April. The [...]
Average London house price to top £700,000 by 2020 April 14, 2014 LONDON house prices are set to rise 54 per cent over the next six years, leaving the rest of the UK’s property market even further behind, new research claims. A typical home in the capital will be worth more than £700,000 in 2020, according to the Centre for Economics and Business Research (CEBR). This rapid [...]
House prices see third drop in 15 months April 4, 2014 House prices fell 1.1 per cent in March, according to the Halifax House Price Index. The fall marks only the third monthly drop in 15 months. Halifax pointed out that the monthly movements can be volatile and cited the three month-on-three month measure as a more reliable guide for underlying trends. House prices in the [...]
London house prices are now more than double the rest of the UK April 2, 2014 LONDON’S house prices have soared to historic levels, with the gap between prices in the capital and elsewhere in the UK expanding to the widest it has ever been. Figures released by Nationwide yesterday showed that the cost of a typical London home – at £362,699 in March – was over twice as high as [...]
Average London house price hits £362,000 April 2, 2014 House prices in March grew by 0.4 per cent, a slower rate than in previous months, according to the Nationwide building society. House prices are now 9.5 per cent higher than they were at the same point last year. London house prices are up 18 per cent compared to March 2013. However, Nationwide said "there are [...]
London house prices are not a bubble say official forecasters March 26, 2014 LONDON’S house prices are booming because of a lack of supply and are not in a bubble, the Office of Budget Responsibility (OBR) told MPs yesterday. Prices are rising by around 10 per cent per year in the capital, but are not set for a crash because demand will continue to outweigh supply. The OBR [...]
Why HSBC’s feeling excited about UK house building March 26, 2014 HSBC has issued a bullish note today on housebuilders explaining why – despite the sector having already trebled in value since 2011 and despite fears overs the impact of future interest rate hikes and the 2015 general election – it still remains upbeat on the sector. The bank has an overweight rating on eight of [...]