Buying slows as house prices fall in October November 6, 2014 THE HOUSING market is slowing down as high prices and strict mortgage regulations put off buyers. The average house price fell by 0.4 per cent in October, according to figures released yesterday by Halifax. Monthly data can be volatile, but growth in the three months to October also slowed to 0.8 per cent – the [...]
Rightmove stays bullish despite cooling down of housing market November 6, 2014 Property website Rightmove yesterday said it had a confident outlook for the full year, as more agents and developers used its service to advertise despite signs of a cooling housing market. In a trading update for the four months to 31 October, Rightmove said its membership had grown two per cent since the first half [...]
UK house prices: Growth dips to 8.8 per cent as mortgage cooling measures take their toll November 6, 2014 "Cooling measures" introduced by the Bank of England earlier this year have taken their toll on house prices. Annual growth slid to 8.8 per cent in October, figures by Halifax showed this morning, down from 9.6 per cent in September. The quarterly figure painted an even gloomier picture, with growth of just 0.8 per cent [...]
UK construction activity falls to its lowest in five months November 4, 2014 Activity in the UK's construction industry fell to its lowest level in five months during October, figures out this morning showed. Markit's purchasing managers' index (PMI) for construction, which measures activity in the sector, fell to 61.4 in October, down from 64.2 in September. Any number above 50 denotes growth in activity, so the industry [...]
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. [...]