As UK house prices soar, sales hit highs last seen in boom years August 8, 2014 Housing sales are back at levels last seen at the hight of the boom in 2007, LSL Property Services said today. Prices have been surging over the past two years, particularly in London. And the number of sales has now caught up with the booming demand for property. In July, 90,000 homes were sold in [...]
UK house prices surging despite new regulation August 6, 2014 UK house prices rose at the fastest pace in seven years during July, up by more than a tenth, according to figures released by Halifax yesterday. The bank said that house prices had risen by 10.2 per cent over the 12 month period. The figures fly in the face of others indices, which indicate that house [...]
UK house prices up 10.2 per cent – five graphs that show the rise August 6, 2014 Are they up or are they down? Halifax has released its latest house price figures which show a 10.2 per cent annual change and a 1.4 per cent rise in the last month, beating expectations. There has been a lot of speculation that the market is slowing, in part due to measures to regulate mortgage [...]
Recovery at risk as London house price boom outstrips wage growth, warns Moody’s August 5, 2014 Britain’s banking recovery is at risk from a housing crash, analysts warned yesterday – and that could throw the whole economy off track. The 17 per cent boom in London house prices is far outstripping wage growth, credit ratings agency Moody’s warned, and could come grinding to a halt. Rising interest rates could hit some [...]
London house prices up 25.8 per cent in a year: How do other UK regions compare? July 31, 2014 Yet another report, this time from Nationwide, has shown that London house prices have soared in the last twelve months. Growth is slowing, however, and the latest figures show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase and lower than the [...]
In graphs: UK house prices rise just 0.1 per cent in July July 31, 2014 First it was the Land Registry telling us and now it's Nationwide: the upward spiral of house prices is coming to an end, at least for now. The latest figures from Nationwide show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase [...]
With UK house prices so high, how much would you need to be paid to live next to a prison? July 29, 2014 With UK house prices at record highs, what kind of compromises might you be willing to make to get on the property ladder? A new survey by online estate agents Housesimple.co.uk looked into what environmental hardships home buyers might be willing to endure in order to get on the housing ladder. From prisons to rubbish [...]
In graphs: Mortgage approvals rise in June even as London house prices drop July 29, 2014 The discussion around the UK property market was given an added element of confusion today as mortgage lending statistics for June beat expectations. In its Money and Credit report, the Bank of England shows that the number of mortgages approved for house purchases was up to 67,196 in June, above the 62,007 seen in May [...]
In graphs: London house prices no longer the fastest growing in the UK July 28, 2014 The Land Registry has released new data on house prices in England and Wales and the figures show the market is cooling. The average across England and Wales shows that prices are stagnant – showing no change at all. The average selling price for a house in England and Wales during June was £172,011: a zero per [...]
London house prices: Growth slumps July 25, 2014 The boom might be ending: London House Prices have stagnated in July, recording their first almost growth-free month since December 2012. According to data from Hometrack – which is a survey rather than indexed data – prices in the capital were unchanged at zero per cent for July, down from 0.5 per cent in June and 0.6 per cent [...]