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Tag Archives: property news
Global housing market at its weakest since 2009
Results for Q2 2011
Global house prices rose 0.1% growth in the three months to June 2011, contributing to annual growth of 1.7%
Asia continues to outperform all other world regions, here prices rose on average by 8.0% in the last 12 months
House prices declined in 23 of the 50 countries monitored by the index in the last three months
Price growth is st … Continue reading
Economic Gloom Hits Housing Market
The RICS UK Housing Market Survey for August released today reports the housing market remaining subdued and continuing to be caught by the overall economic gloom. The overall net price balance for housing edged down further into negative territory, from -22 to -23. This means that 23% more surveyors recorded falling rather than rising house [...] Continue reading
“Modest Improvement” – Who could as for any more?
The Halifax House Price Index (HPI) for August shows a monthly fall of -1.2% and annual change of -2.6%. However the Quarterly change, which can sometimes be seen as more stable, reports a 1.0% increase. This sets the average house price for the UK at £161,743 and is higher than the previous quarter. Although the [...] Continue reading
Surveyors continue to see London steaming ahead with price rises
Top headlines from the survey are:
House prices continue to decline
Price expectations negative albeit less so than previous month
London steams ahead with rising prices Continue reading
Halifax HPI for July show various increases
The Monthly increase was 0.3%, taking the average UK House Price to £163,981. Over the three months to July, often seen as a more realistic figure, the increase was slightly higher at 0.5%. Continue reading
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Tagged halifax, house price index, houses for sale, hpi, New Homes, property news
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What next for property owners following closure of HS2 consultation? Knight Frank offers its view
The government’s public consultation on the proposed high-speed rail link (HS2) between London and Birmingham closed on 29 July.
Two question will now be on the minds of many of the property owners who are likely to be affected by the scheme, which is officially estimated to cost £17bn. First: is it going to go ahead? Second: what should I do while waiting for that decision to be made?
In answer to the first query, cynics will claim that Transport secretary Philip Hammond, who is due to announce his decision by the end of the year, has already made up … Continue reading
Bank keep UK Interest rates at all time low of 0.5%
The Bank of England (BoE) again today decided to keep UK interest rates at their record low of 0.5%.
The Monetary Policy Committe has kept rates at this low level continuously since March 2009, and it was widely expected that it would do so again this month. Continue reading
Average House Prices edge up in July
The Nationwide HPI for July reports house prices ‘edging up’, although in reality this is a miniscule change of 0.2%. This is however an improvement on last month’s completely static figures. Continue reading
Lending Flat as a Pancake!
The Bank Of England (BoE) lending to individuals for June 2011 remains flat. Although the overall lending saw a slight rise by £0.4bn, this was lower that the previous six-month average increase. Continue reading
Prime Central London Index July 2011
Prime central London sales and lettings both reach all time high
Prime Central London sales and lettings indices, July 2011, results
- Prime London property prices have risen by 9.6% over the last 12 months and are now 35% higher than the post-credit crunch trough in March 2009
- Prime London property prices rose by 0.7% in July, taking values to a record high
- Prime London rents rose by 0.3% in July, taking the increase in the three months to July to … Continue reading
