Figures that were recently released by a property website have revealed that properties in the UK are now selling at around 93 percent of their asking price, showing an increase compared to the 88 percent low that was seen in February of last year. This means that those looking to put in an offer on a property need to be mindful about how much they are offering, otherwise they could find that the property is snapped up by another buyer. (more…)
Posts Tagged ‘property prices’
Properties selling at 93 percent of asking price
Wednesday, February 24th, 2010
Nationwide predicts good news for house prices
Saturday, February 13th, 2010Amidst 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…)
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…)
Could shared ownership be the answer to your property dreams?
Saturday, December 19th, 2009For many would be first time buyers the dream of homeownership has never been quite within reach. For many years the price of property in the UK was so high that most first time buyers did not have the income to get the mortgage that they needed, despite the fact that many lenders were increasing income multiples to as high as six or seven times the income. (more…)
Nationwide predicts downward spiral for house prices
Sunday, November 29th, 2009The leading building society Nationwide has recently warned that we should expect downward pressure on property prices in the UK over the coming year. (more…)
Property prices see annual rise
Sunday, November 15th, 2009Figures that were recently released by Nationwide have shown that there has been an increase of 2 percent in property prices in the UK. The lender has confirmed that house prices are now higher than they were at the same time last year by around 2 percent, and that property prices have increased for the sixth month in a row. (more…)
Property prices will not return to levels seen previously
Tuesday, November 3rd, 2009Over the past few months there have been increases in property prices in the UK, and house price indexes have shown that property prices are now at the sort of level that they were at around twelve months ago, although they are still falling short of the levels they reached at the peak of the property market in the latter part of 2007. (more…)
Property still not affordable enough for first time buyers
Monday, November 2nd, 2009Since the property market peaked back in 2007 property prices in the UK have plunged, sending many homeowners spiralling into negative equity and wiping tens of thousands of pounds off the price of properties. (more…)
Many homeowners refuse to drop property prices
Monday, October 5th, 2009Over recent months property prices in the UK have been increasing slightly, but over the past year and a half property prices have plunged with the UK experiencing a dire property slump. (more…)
Current property price increases ‘unsustainable’
Saturday, October 3rd, 2009Over the past few months property prices have seen slight increases following eighteen months of dramatic falls, and for many this has indicated that the property slump is over and that the market is getting back onto an even footing. (more…)
Country homes holding prices better than town houses
Monday, September 28th, 2009It has been revealed in a recent report that the prices of homes in the country and in rural areas are holding better than the value of homes in urban areas during the property slump. (more…)
Are Brits paying out a fortune for properties that are too small to live in?
Thursday, September 24th, 2009Whilst it is true that property prices in the UK have fallen over the past eighteen months the cost of purchasing a home in the UK is still high, which makes things difficult for first time buyers. (more…)
How first time buyers are faring in the current climate
Monday, August 24th, 2009It seems that no matter what happens first time buyers in the UK are destined to get a raw deal when it comes to trying to get onto the property ladder. (more…)
RICS predicts increase in property prices
Monday, August 10th, 2009Officials from the Royal Institute of Chartered Surveyors have predicted that there will be an increase in property prices over the coming three months, bringing fresh hope to the millions of people that have been affected by falling property prices since the onset of the global credit crunch. (more…)
June saw fall in property prices
Tuesday, July 28th, 2009According to recently released figures there was a drop in property prices for the month of June, following four months of price increases. (more…)
Average property prices drop in June
Tuesday, July 21st, 2009According to a recent report the average price of property in the UK fell in June following four months of increases. The data comes from the property website Right Move, which claims that in the weeks leading to 13th June property prices fell by 0.4 percent, which took the average property price to £226,436. (more…)
How can you get your hands on a cheaper property?
Sunday, November 9th, 2008The value of properties across the UK has been falling over the past year, and it is thought that house prices now are around 13% lower than they were at their peak, which was last October. However, despite the house prices falls the ten year housing boom over the past decade means that the cost of purchasing a property in the UK can still be very high. Many would be buyers are still nervous about whether or not to take the plunge and buy a property due to fears over continuing house price falls, which could leave many facing negative equity. (more…)
Will suspension on stamp duty restore confidence amongst buyers?
Sunday, October 5th, 2008Over recent months industry officials, housing developers, and the government have been desperately looking at ways to breathe life back onto the housing market, after house sales plummeted to record lows and estate agents reported average property sales equating to less than one home per week. With a number of factors affecting the housing market in the UK industry officials have been left with the difficult task of working out just how the industry can be boosted. (more…)
Sellers knocking a fortune off asking prices
Tuesday, September 23rd, 2008According to a recent report homeowners that are trying to sell their homes are knocking a fortune off the asking price in order to secure a sale in what have become very difficult conditions in the housing market. House prices have been falling month on month for some time now, but despite this many sellers have found that they are still having to slice some extra off the asking price in order to increase the chances of selling their home before property prices fall even further. (more…)
Will the stamp duty suspension benefit you?
Monday, September 22nd, 2008Although house prices have been falling for almost a year in the UK many consumers are still unable to afford to purchase a home due to a variety of factors. Mortgages are in short supply at present, which is creating a problem. And whilst lenders have been cutting their interest rates recently the costs associated with mortgages, such as arrangement fees and deposit levels, are still very high, which is affecting affordability for many. On top of this lenders still have very tight lending criteria in place as a result of the effects of the global credit crunch, which has made it difficult for many to get their hands on an affordable mortgage. (more…)
House prices now more than 10% lower than last year
Friday, September 5th, 2008Following a ten year house price boom, which lasted until last October, homeowners in the UK have seen the value of their homes fall month on month, with property prices having dropped for the last consecutive ten months according to industry officials. This has raised concerns for many over falling into negative equity. One recent report has shown that annual house price falls have now hit double digits for the first time in eighteen years, with the last double digit fall seen in 1990. (more…)
Regions of England and Wales see property prices slump
Monday, March 31st, 2008According to a recent report there have been house price falls in all regions of England and Wales, and officials from the Royal Institute of Chartered Surveyors have stated that in some areas house prices have been falling at their fastest pace since records began in 1978. Amongst the areas suffering the worst declines on record are Yorkshire and the East Midlands, state officials. (more…)