UK house price growth may be slowing, but Persimmon is bullish November 4, 2014 Persimmon has enjoyed the fruits of 2014’s high house-price inflation, but there were signs in its third quarter figures that a cooling market is beginning to take its toll. The UK’s largest house builder by market capitalisation announced a 12 per cent increase in forward sales totalling £696m in the three months to the end [...]
New data shows housing market is slowing down October 30, 2014 HOUSE price growth continued to slow down in October, adding to the view that the market is experiencing a broad-based cooling. Prices grew by nine per cent year-on-year in October, according to figures released yesterday by Nationwide. Although the annual growth is high, it is slower than the 11.8 per cent seen in June when [...]
UK house prices rise 0.5 per cent in October, but longer-term trend is slowing October 30, 2014 Are house prices rocketing or is their growth slowing? It's getting confusing – according to Nationwide, the unpredictable UK housing market rose in October, with prices up 0.5 per cent month on month, after they fell 0.1 per cent in September. But the annual figure, a more reliable measure, slowed to nine per cent. As [...]
Mortgage drop points to house price slowdown October 29, 2014 THE HOUSING market has displayed further signs of cooling, with the number of mortgage approvals dropping to a 14-month low in September. The number of approvals for house purchases fell to 61,267 in September from 64,054 in August, according to figures released yesterday by the Bank of England. Total mortgage approval values were £15.3bn in September, down [...]
Mortgage approvals fall to lowest level since July 2013 October 29, 2014 Mortgage approvals have fallen to a 16-month low, adding further weight to the argument that the housing market is slowing down. Lenders approved just 61, 267 mortgages in September, figures published by the Bank of England revealed this morning, continuing the decline from a peak at the start of this year. In total, [...]
Land Registry: UK house prices have fallen 0.2 per cent since August October 28, 2014 UK house prices have fallen since August, data published by the Land Registry today showed, offering further evidence of a cooling market. The Land Registry, which uses price paid data as opposed to asking prices, said prices have fallen 0.2 per cent since August, despite rising 7.2 per cent in the year to September. [...]
New mortgage hurdles begin to make impact on property market October 23, 2014 THE NUMBER of mortgage approvals fell for the third month in a row as housing market activity continued to slow. Data released yesterday by the British Bankers Association, a trade body for UK banks, revealed that the number of mortgage approvals in September was 39,271 – a 14-month low. The figure marks a 10 per cent [...]
Mortgage approvals fall again in September as cooling measures take effect October 23, 2014 The number of mortgages approved by banks fell 10 per cent in September compared with a year ago, figures published by the British Bankers' Association showed. The fall came after "cooling measures" introduced by the Bank of England, which make prospective borrowers undergo "stress tests" to figure out whether they can afford a loan, came [...]
UK house prices could fall due to stricter mortgage lending rules October 5, 2014 House prices could fall next year due to stricter rules on mortgage approvals and potential buyers being put off by rate hikes, according to the Centre for Economics and Business Research (CEBR). A combination of rising interest rates and tougher mortgage eligibility could depress demand significantly – enough to cause house price growth to hit [...]
Mark Carney wants power to limit your mortgage if house price boom threatens banks October 2, 2014 The Bank of England wants major new powers to cap mortgage loans, yesterday arguing it may need to rein in the housing market if the price boom starts to endanger banks. Officials want the ability to cap the loan-to-value (LTV) ratio of mortgages, as well as the debt to income ratios of some borrowers. The demands [...]