Amidst the news that the UK has now come out of recession and things in the property market are looking somewhat brighter than they have for some time one leading High Street lender has now predicted further good news for the property market. According to the Nationwide house prices in the UK are continuing to increase, and the rate of house price increases could rise to over 10 percent a year. (more…)
Posts Tagged ‘house market’
Nationwide predicts good news for house prices
Saturday, February 13th, 2010
Sales of properties reach highest levels in two years
Friday, February 5th, 2010The sale of properties in the UK have reached their highest levels in two years according to recent reports, and this comes after a turbulent period during which the sale of properties all but came to a halt, with faltering prices resulting in homeowners being reluctant to sell and the mortgage drought resulting in would be buyers unable to purchase a property. Officials believe that the increase in sales is yet another sign that the property market in the UK is on its way to recovery. (more…)
Slight drop in house prices in UK
Wednesday, October 21st, 2009Over recent months there have been modest increases in property values in the UK, and this has sparked renewed hope across the nation, with many industry officials claiming that the property price increases were signs of green shoots in the property market and the economy as a whole. However, a number of other industry experts were quick to predict that the property price increases were only a temporary blip and that the situation would not be sustained. (more…)
Many Brits think this is the time to buy a home
Sunday, October 18th, 2009The results of a recently conducted survey have shown that many people in Britain think that now is a good time to buy a home, despite the difficulties in the mortgage markets. (more…)
Slight increase in house prices reported for May
Monday, June 15th, 2009According to figures that were recently released in relation to UK property values house prices for the month of May edged up slightly from April, rising by 1.2 percent for the months. (more…)
Buyer interest increases and house price falls slow
Wednesday, May 27th, 2009Recently released figures for the month of April have shown that whilst interest from buyers in the housing market increase the pace of house price falls slowed down. (more…)
Slight fall in house prices for April
Wednesday, May 20th, 2009Figures that were recently released by the Nationwide Building Society have shown that despite the surprise increase in house prices in March, property prices in England and Wales are continuing to fall, with April seeing a slight dip in house prices. (more…)
Surveyors claim increased interest from buyers
Tuesday, May 19th, 2009Surveyors from the Royal Institute of Chartered Surveyors have stated that whilst property sales levels in the UK still remain low there has been rising interest from would be buyers. Officials from RICS said that rising interest from potential buyers was gaining ‘real momentum’. (more…)
Markets are Finally Opening for First Time Home Buyers
Monday, May 11th, 2009When the real estate market started to show signs of decline in 2007, the first step taken by lenders was to tighten the lending restrictions for first time home buyers making it more difficult for them to obtain a mortgage. (more…)
House prices still falling
Monday, March 9th, 2009According to a recent survey from the Royal Institute of Chartered Surveyors, house prices across the UK continued to fall for the month of December, with the average number of sales per month per estate agent also falling in the final quarter of last year. (more…)
Are you facing repossession?
Monday, December 15th, 2008If you are in danger of facing repossession at the moment then you are not alone, as there has been a sharp increase in the level of repossessions of late, with more and more homeowners losing their homes. In fact, figures have recently been released that show the level of repossessions for the third quarter of the year up to end of September increased by around 12 percent, to around 11,300. The figures have been released by the Council of Mortgage Lenders. (more…)
Repossession levels soar
Wednesday, November 19th, 2008Recently released figures have shown that repossession levels have soared recently, and that in the months to come the number of repossessions compared to last year could rise even further. Figures from the Financial Services Authority have indicated that repossession levels increased by around 71% between April and June of this year compared to the same period last year, and during this period around one hundred and twenty homeowners per day were being evicted. (more…)
House prices driven down by low sales levels
Monday, November 17th, 2008Over recent months the level of property sales in the UK has plummeted, and estate agents have reported that on average they have been selling less than one property a week. Industry officials have now reported that the low level of property sales has been driving down the value of homes, and one major lender claims that house prices are now almost 15% lower than they were this time last year. (more…)
London homes up for sale for three months or longer
Monday, November 3rd, 2008Industry officials have claimed in a recent report that many of the properties going up for sale in London are up for sale for three months or longer. The slump in the housing market has resulted in many homes stagnating on estate agents’ books, with many buyers either unwilling to buy due to falling house prices and the threat of negative equity, or unable to buy because they cannot get a mortgage in the current financial climate. (more…)
Could try and buy housing work?
Monday, September 15th, 2008As a nation we Brits love to try things before we invest our hard earned cash in a purchase. When we purchase a new car we take it for a test drive to see whether it is suitable for our needs, when we buy new equipment such as a computer we ask for a demo so that we can see if it meets our requirements, and we even like to sample food and drink before we are prepared to take the plunge. Why is it then that with the largest investment of all – purchasing a property – all we manage to get is a quick look around the property before we have to decide whether or not we want to invest tens or even hundreds of thousands of pounds? (more…)
Some Londoners could find it more difficult to sell their homes
Sunday, September 14th, 2008Many Londoners could find it increasingly difficult to sell their homes if they live near to the Thames, if new plans that have been proposed come into force. The new plans will require homeowners who are selling their properties to inform potential buyers of any flood risk. This has been proposed by Sir Michael Pitt, the head of a government enquiry into flooding. (more…)
First annual fall since 90s for house prices
Tuesday, April 22nd, 2008According to a recent report house prices in the UK are set to face the first annual fall since the middle of the 1990s, as experts continue to make predictions over forthcoming movement on house prices. Officials have said that house prices will fall in 2008 on an annual basis for the first time since the mid 90s. This comes as the result of a combination of the global credit crunch, fears of a recession, and even concerns over unemployment levels according to a recent report. (more…)
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