In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]
UK house prices may be rising, but it’s better to buy than to rent August 25, 2014 It is cheaper to handle the costs associated with buying a house rather than paying rent according to data from Halifax. While this fact is not new – Halifax's data suggests it's been the case since 2009 – it is interesting that despite a rise in house prices over the last year (up 10.2 per cent [...]
London house prices ready to break through £500,000 mark August 19, 2014 House price growth dipped slightly in June, while the average property in the capital climbed to just shy of £500,000, according to figures released yesterday. Prices across the UK as a whole still rose in the year to June, up by 10.2 per cent, but the figure was a slight drop from May’s 10.7 per [...]
No more bubble? UK house price growth falls to 10.2 per cent August 19, 2014 House price hysteria has calmed slightly with prices rising by a marginally more modest 10.2 per cent in the year to June, compared with 10.4 per cent in May, official figures showed today. According to the Office for National Statistics' House Price Index, London and the South East continued to drive growth, with prices [...]
UK house prices down 2.9 per cent in a month, London’s drop 5.9 per cent August 18, 2014 After the great heating comes the cooling: according to the latest figures from Rightmove the property market is slowing down. House prices across England and Wales were down 2.9 per cent, constituting the biggest drop Rightmove has ever seen in August. London prices, forever ahead of the curve, fell by 5.9 per cent. Every borough in [...]
London house prices continue to fall as cooling property market spurs rush to sell August 18, 2014 London house prices are falling for a third month in a row, according to a major property site, the latest sign of a groundswell of sellers flooding the market. New selling prices dropped 5.9 per cent between July and August, according to Rightmove. Although prices are still 10.3 per cent higher than in the [...]
London house prices: Housing market cools in capital with July sales drop and slower growth forecast August 14, 2014 London house sales dropped last month as the market cooled, calming fears of a housing bubble in the capital- a trend that’s expected to continue over the next 12 months. The data from the Royal Institution of Chartered Surveyors suggest the market is “going into reverse”, as sales fell for the third month in a [...]
As London house prices show signs of cooling, are fears of a bubble overplayed? August 12, 2014 Rob Wood, chief UK economist at Berenberg Bank, says Yes. Rapid rises in house prices would be a threat if they turned into an uncontrollable bubble accompanied by a rapid debt build-up. So it is good news that London house price inflation seems to be slowing down. And that slowdown has its roots in action [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
Mortgage approvals for first-time buyers rise as UK house price growth slows August 11, 2014 Mortgage lending is still being dominated by customers looking to buy houses rather than remortgage, and first-time buyers are on the up. According to the Council of Mortgage Lenders (CML) total gross lending for June was up six per cent on May and 20 per cent up on June 2013, totalling £17.9bn. £4.2bn of that [...]