Property sales in the first ten months of 2014 were 21% higher than in the same period in 2013, according to new research by Lloyds Bank. This was the highest for this period since 2007 with the numbers of sales in England and Wales during January through to October 2014 totalling 760,000.
There has been a considerable improvement in sales since the market reached the depth of its recession in 2009. Sales in the first ten months of 2014 were 60% higher than in the same period in 2009. Nonetheless, sales remained more than a quarter (27%) below the levels achieved at the height of the boom in 2007. Continue reading
House purchase approvals have seen the fastest month-on-month increase in over five-and-a-half years as the purchase mortgage market throws off the doldrums of recent months, according to the latest Mortgage Monitor from chartered surveyor e.surv.
There were 65,778 house purchase approvals in January. This represents a 9.1% increase from 60,275 approvals in December, the largest month-on-month increase since April 2009. Continue reading
House prices in the latest three months (November-January) were 1.9% higher than in the previous three months (August-October) according to Halifax.
The quarterly rate of change increased for the first time since July 2014, but remained below the rates recorded between June and September last year. Continue reading
Property prices in Balham outpaced the rest of London in 2014 with 21% annual growth, according to estate agent Marsh & Parsons’ latest London Property Monitor.
The average Prime London home has risen in value by £95,000 in the past twelve months – however house prices in cheaper Balham have jumped £152,000 over the same period. Continue reading
Annual house price growth retreated back into single figures as house prices paused in December according to new data from LSL Property Services/Acadata.
Values in London & the South East cooled, while price growth across other regions remained steady. Continue reading
House prices in the last three months of 2014 (October-December) were 0.3% higher than in the previous three months (July-September 2014) according to Halifax as weakening demand slowed growth.
This quarterly rate of increase declined for the fifth consecutive month and was the lowest since November 2012 (-0.3%). Continue reading
UK house prices increased by 10.4% in the year to October 2014, down from 12.1% in the year to September 2014 according to latest data from the ONS.
House price annual inflation was 10.8% in England, 5.7% in Wales, 4.9% in Scotland and 4.9% in Northern Ireland. Continue reading
Latest figures released by ESPC, the leading property marketing company in East Central Scotland, show that activity in the property market in Edinburgh, the Lothians and Fife has continued to strengthen as 2014 draws to a close.
Between September and November the number of sales recorded by ESPC rose by 19% on an annual basis bringing sales to their highest level for the period since 2007. Continue reading
Scottish property prices jumped 0.7% (or £1,200) in October, as market confidence returns according to the latest LSL Scotland House Price Index.
The average house price in Scotland now stands only £717 below its pre-recession peak in May 2008. Continue reading
Towns and cities such as Oxford and Brighton have overtaken areas of London as the most unaffordable places in the country to rent, the National Housing Federation has revealed.
Research shows that Three Rivers in Hertfordshire is now the most unaffordable place outside of the capital to be a private renter – with private rent swallowing up more than half of people’s hard earned wages. Continue reading