Asking prices cut in bid to draw buyers November 14, 2010 SELLERS slashed their asking prices in November by 3.2 per cent, the biggest monthly fall since December 2007, as they try to attract bargain-hunting buyers. This is the fourth monthly fall in the past five months and takes the annual change to just 1.3 per cent, down from 2.9 per cent in October. Greater London [...]
New buyers gain in slump November 8, 2010 A SLOWDOWN in the housing market could tempt first-time buyers to take their first step onto the property ladder over the coming year, new research has shown. Around 26 per cent of people who intend to buy a home will be doing so for the first time, up from a low of 22 per cent [...]
Real estate pessimism takes hold October 24, 2010 More home-movers believe house prices will drop in the next year than those who believe they will go up, according to a survey due out today. Rightmove’s quarterly consumer confidence survey, which polls more than 25,000 home-movers, shows the pessimists outnumber the optimists for the first time since the survey began. A year ago, those [...]
Rightmove: October jump saves London from a year-on-year fall October 17, 2010 AN eleventh-hour price jump in the London housing market saved it from a year-on-year fall, according to the latest Rightmove House Price Index. Asking prices spiked five per cent in October compared to the previous month – from £399,019 to £418,778 – as sellers aim to capitalise on the traditionally lively run-in to Christmas. This [...]
Rightmove: October jump saves London from a year-on-year fall October 17, 2010 AN eleventh-hour price jump in the London housing market saved it from a year-on-year fall, according to the latest Rightmove House Price Index. Asking prices spiked five per cent in October compared to the previous month – from £399,019 to £418,778 – as sellers aim to capitalise on the traditionally lively run-in to Christmas. This [...]
The crunch has made foreign dream homes far more affordable September 30, 2010 TOUGH economic times have opened the door for a new generation of property investment. Tumbling prices in both the UK and abroad have actually made this investment option more accessible than it was prior to the credit crunch. Nick Clark, managing director of the Property Investment Show, says: “House prices in England and Wales suffered [...]
The housebuilding chief executive who can see clear blue skies ahead September 26, 2010 FOR A MAN who took over a housebuilder in the middle of a devastating financial and property crisis, David Ritchie, the chief executive of Bovis Homes, looks remarkably relaxed. But it is certainly fair to say the pain has eased in recent months for the firm, even though Ritchie remains in the middle of turning [...]
Mortgage approvals drop as housing market stalls September 23, 2010 The number of mortgages approved by banks for home buyers dropped in August for the third month in a row. Banks approved 31,767 home loans down from 34,219 in July, the British Bankers’ Association (BBA) said. The figures are another indication that the UK property market has stalled. A raft of data has shown that [...]
Londoners hit as house prices fall September 19, 2010 THE UK HOUSING market dropped back for the third month in a row in September, with London prices now also moving into the red. Figures from Rightmove show that average asking prices across the UK dropped by 1.1 per cent to £229,767 compared with the previous month. Prices have now fallen back by a total [...]
Londoners hit as house prices fall September 19, 2010 THE UK HOUSING market dropped back for the third month in a row in September, with London prices now also moving into the red. Figures from Rightmove show that average asking prices across the UK dropped by 1.1 per cent to £229,767 compared with the previous month. Prices have now fallen back by a total [...]