Category Archives: House Prices

Housing market sales at their highest since 2007

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

Fastest monthly increase in house purchase lending since 2009

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 Balham boosted £415 a day

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

Property sales across Scotland continue to boom

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

London overtaken as the most unaffordable places to rent

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