News

CRYSTAL BALLS

Ben Hudson of Hudson Moody predicts what will happen to predictions concerning the property market next year. It is the time of year when some in the property game are tempted to look into their crystal balls and predict what will be happening in the market in the year ahead. A...

HOUSE SALES PREDICTED TO RISE SAYS RICS

Surveyors expect sales of homes in the UK to pick up in the next three months owing to support for mortgage lending. However, prices are expected to remain little changed over the same period, the Royal Institution of Chartered Surveyors' survey suggested. Surveyors have echoed...

UK HOUSE PRICES 'TREAD WATER'

House prices continue to "tread water" with values having dropped by 0.4% in August compared with July, the Halifax has said. Prices have dipped by 0.3% in the less volatile three-month on three-month measure of house prices, the lender said. The 0.9% drop in prices...

House Prices Jump 1.3% in August

House prices jumped a "surprising" 1.3% in August, the Nationwide building society has said. It was the biggest monthly rise since January 2010 and left the average UK house price at £164,729. It means prices are only 0.7% lower than a year ago, despite the...

HOUSE PRICES STABLE SAYS HALIFAX

Its latest monthly survey shows that prices fell by 0.6% in July compared with June, to leave the average house price across the country at £161,094. This means that average prices are also 0.6% lower than a year ago. The Halifax predicted that there would be little...

MORTGAGE LENDING REBOUNDS IN MAY

The Council of Mortgage Lenders (CML) said the number of new loans granted to home buyers jumped by 33% from April to 48,300. The CML said the rise was a rebound from a brief slump that followed the reintroduction of 1% stamp duty for first time buyers on 24 March. Lending in...

HOUSE PRICES ROSE BY 1% IN JUNE SAYS HALIFAX

House prices rose by 1% in June compared with the previous month but remained lower than a year earlier, a survey said. The Halifax, now part of the Lloyds Banking Group, said that the price of the average home was 0.5% lower than a year ago. This valued the average property in...

PROPERTY MARKET REBOUNDS IN MAY

Mortgage lending and home sales rebounded in May after a fall in April. The Council of Mortgage Lenders said total lending jumped by 24% to £12.2bn last month. Meanwhile HM Revenue & Customs said completed sales rose from 64,000 in April to 71,000 in May. In April...

OLYMPIC TORCH IN YORK

Tuesday's relay will travel 150 miles from Hull to York, where former showjumper Harvey Smith will ride with the flame into York Racecourse. Before that, the flame will also be borne along York's famous city walls. Torchbearers Philip Jones, 60, from York, and Harrogate's 16-...

HALIFAX PREDICTS UK HOUSE PRICES STABLE FOR REST OF 2012

UK house prices will end the year at the same level as now owing to tough economic conditions, a lender has predicted. The Halifax, now part of the Lloyds Banking Group, said prices were broadly the same as a year ago, falling by 0.1% in May compared with a year earlier...

PROPERTY MARKET SEES SPRING BOUNCE ACCORDING TO HMRC

The number of homes sold in the UK rose sharply in March as the typical spring bounce took hold, HM Revenue and Customs (HMRC) said. There were 74,000 completed sales during the month, up from 63,000 the previous month, the figures show. The pick-up could also be a sign that...

BEST MARCH FOR A NUMBER OF YEARS

Interest in the housing market edged up in March according to a new survey. The Royal Institution of Chartered Surveyors (Rics) said that, compared with February, 9% more surveyors reported an increase in inquiries from potential buyers. Rics said the warmer weather encouraged...

HOUSE PRICES BROADLY STABLE SAYS HALIFAX

House prices are "broadly stable", the Halifax says, despite recording a 2.2% rise in March. The lender says the current very low level of sales means that prices are volatile from month to month. However, in the past three months, prices have dropped by just 0.1% and...

Property Sales Rise In February says HMRC

The number of homes sold in the UK rose slightly in February, HM Revenue & Customs (HMRC) said. There were 65,000 completed sales, up by 7% from January and 18% higher than a year ago. The figures show little evidence of any rush by first-time buyers to beat the...

SOME 'BUOYANCY ' IN HOUSING MARKET ,SAY LENDERS

The UK housing market is showing some signs of "buoyancy" despite mortgage lending remaining static in February, lenders have said. Gross mortgage lending stood at an estimated total of £10.7% in February, the Council of Mortgage Lenders (CML) said. This was...

UK HOUSE SALES PICKING UP SAYS RICS

UK property sales edged up slightly in February, according to the latest survey from the Royal Institution of Chartered Surveyors (Rics). A few more first-timers have been buying ahead of the reintroduction of 1% stamp duty on 24 March for homes under £250,000. As a...

BOOST TO NEW HOMES MARKET

People in England are being offered help to climb onto or up the housing ladder as the government's new mortgage indemnity scheme launches. Under the scheme the construction industry and taxpayers will act as co-guarantors on new homes bought by existing or first-time buyers...

UK HOUSE PRICES ROSE SLIGHTLY IN FEBRUARY

UK house prices rose slightly in February but the lift in values may not last through the summer, according to the Nationwide. The building society said that the value of homes went up by 0.6% in February compared with January. Prices were up by 0.9% compared with the same...

MORTGAGE APPROVALS AT 2 YEAR HIGH IN JANUARY

UK mortgage approvals hit a two-year high in January, Bank of England figures show, suggesting property sales could rise in the coming months. In January the number of new mortgages approved for house buyers, but not yet lent, rose by 7% to 58,728. That was the highest monthly...

HOME SALES HIGHEST IN JANUARY SINCE 2008

Home sales recorded their typical new year dip, but transactions in the first month of the year were higher than any January since 2008, figures show. There were 64,000 UK property sales during the month, down from 86,000 in December, according to HM Revenue and Customs (HMRC...

MORTGAGE LENDING UP ON A YEAR AGO.

UK mortgage lending picked up in January compared with the same month a year earlier, lenders' figures show. However, the usual seasonal fall meant lending was down on December, the Council of Mortgage Lenders (CML) said. Gross mortgage lending stood at £10.5bn in January...

Home sales expected to increase

Surveyors expect sales of homes in England and Wales to rise in the final weeks of a stamp duty holiday. Sales expectations for the next three months were at their highest level since May 2010, the Royal Institution of Chartered Surveyors' (Rics) said. The 1% stamp duty rate...

UK HOUSE PRICES RISE BY 0.6% IN JANUARY

UK house prices increased by 0.6% in January, according to the latest survey from the Halifax. The change means that the average cost of a house was £160,907 last month, the bank said. House prices are 1.8% lower than a year ago, according to the Halifax's measure. The...