News

HOUSE PRICES ROSE SLIGHTLY DURING 2010

House prices ended the year barely higher than they started, according to the latest survey from the Nationwide building society. It says prices rose by 0.4% in December, leaving them also 0.4% up on a year ago. It means the average UK home now costs just under £163,000...

2010 V  2011 ?

Ben Hudson of Hudson Moody reviews the property year and looks forward to a steadier 2011. Overall, 2010 has been an annus mediocris for estate agents. Or to use a more contemporary cliché it has been a year of two halves. The first six months were rather good with the...

HOUSE PRICES RISE BY 1.8% IN OCTOBER

House prices in the UK rose by 1.8% in October compared with the previous month - but this followed a big drop a month earlier, the Halifax has said. The lender, part of the Lloyds Banking Group, said that the less volatile three-month on three-month comparison showed property...

HOUSE PRICES CONTINUE TO RISE IN SEPTEMBER

Prices rose by just 0.1% last month, following a 0.8% decline in August, Nationwide said, adding that "buyers appear to have a slightly better hand than sellers at the moment". The average house price now stands at just over £166,757, up from £166,507 a...

House Prices Edge Up According To Land Registry

Wednesday 29th September 2010 House prices in August edged up just 0.3%, according to the Land Registry, suggesting the market may be stronger than otherwise reported. The average house price now stands at £167,423. The Land Registry also reported on its latest...

COUNCIL TAX REVALUATION RULED OUT

There will be no revaluation of council tax bands in England during this Parliament, the government has pledged. It means there will be no rise in local taxes for householders based solely on the increased value of their homes. Every property in England is in one of eight...

House Price index Continues to Rise In June

House prices rose again in June but only by 0.1%, according to the Nationwide building society. The rise follows a 0.5% increase in May, with the average property in the UK now costing more than £170,000. Prices have risen by 3% since the start of the year, the Nationwide...

MORTGAGE LENDING SEES SPRING BOUNCE

Mortgage lending continued its spring rise into May, according to the British Bankers' Association. The number of mortgages approved for house purchases rose to its highest level so far this year. A total of 36,709 loans were approved by the major banks for people buying a...

HOUSE PRICE INFLATION BACK TO 10% SAYS GOVERNMENT

Annual house price inflation is back in double-digits, according to government figures. The Department for Communities and Local Government (DCLG) said prices in April were 10.1% higher than a year ago. That was the highest rate of inflation since October 2007, when prices were...

House Price Increases highest since November '07

The annual rate of house price increases reached its highest level since November 2007, the government's own data shows. Property prices rose by 9.7% year-on-year in March - the 12th consecutive month of annual price rises, the Department for Communities said. The average value...

Time for a move

Ben Hudson of Hudson Moody looks at the state of the property market in the light of the election result. It’s not just the Camerons and the Browns who are moving home. Lots of other people have decided that it is time for a change. Recent activity in the property market...

Housing market continues to pick up according to the RICS

The market is becoming more buoyant surveyors suggest. The UK's property market is benefiting from its normal spring pick up, the Royal Institution of Chartered Surveyors (Rics) said. Its latest monthly survey of 245 members who work as estate agents suggests that prices are...

HOUSE PRICE INFLATION HITS 10.5%

The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide. The building society said that house prices in the UK had risen by 10.5% in the year to the end of April. Prices rose by 1% in April to push the...

HOUSE SALES SEE SPRING BOUNCE

House sales in the UK are continuing to revive after their post-Christmas slump, figures have suggested. HM Revenue & Customs said sales rose by 13,000 in March from February to 72,000, a jump of 22%. The level of sales was also 24% higher than in March last year, when the...

Brand New Eaton Showhome Now Open

View the brand new Eaton Showhome at 'The Square' Yorks award winning new development at Tadcaster Road York Available to view 7 Days a week...

NUMBER OF MORTGAGE DEALS INCREASES

Mortgage availability for homebuyers has improved over the past month, according to figures from the financial information service Moneyfacts. At the start of March there were 1,798 mortgage deals available which required deposits of between 0% and 40%. That was 6% more...

Let The Waiting Games Begin

Ben Hudson of Hudson Moody comments on a period of stagnation in the property market. Putting off moving until after the summer holidays or waiting until after Christmas are the usual causes of home buying inertia. But now we have lots more reasons to put off the evil day. First...

Icy start to 2010 cools markets

UK house prices fell for the first time in 10 months in February as icy weather put off house hunters, the Nationwide building society has said. Average property values dropped by 1% compared with January, with the average home worth £161,320. But the annual rate of...

Stamp Duty Holiday Boosts Sales

Sales of homes below the stamp duty threshold in England and Wales rose sharply in the last three months of 2009, research has shown. Transactions in areas where the average price was below £175,000 increased by 10.2% compared with the previous quarter, said the...

Snowy January slows sales but prices still rise

Activity in the UK housing market was frozen by the snowy weather, although prices continued to rise, according to surveyors. Buying and selling activity fell during the month owing to the extreme weather conditions, the Royal Institution of Chartered Surveyors (Rics) said...

House Prices Start 2010 with a Rise

House prices rose by 1.2% in January compared with the previous month, according to the latest survey from the Nationwide Building Society. The lift at the start of 2010 pushed up the annual increase in prices by 8.6%. The Nationwide's chief economist, Martin Gahbauer...

Property Sales Hit Two Year High

Further evidence of the recovery in the UK housing market has come from figures showing completed residential property sales hit a two-year high in December. Provisional figures from HM Revenue and Customs (HMRC) show 104,000 deals involving properties priced above £40,000...

2010 MARKET UPDATE

The UK property market entered more turbulent times around the middle of 2007. During 2008 we witnessed some of the most depressed levels of market activity in living memory . However, against most commentator’s expectations, 2009 saw an increase of approximately 6% in...