UK Housing Market: No One Wants to be a First Time Buyer

Posted:2010-08-30 19:09:47 - By Liam Bailey

No one wants to be a first time buyer in the UK right now. Apart from those wealthy enough to have 32,000 or more lying around in cash, practically everyone else has given up on getting onto the property

Read More…

UK House Prices: Can We Really Avoid a Second Dip?

Posted:2010-08-25 21:49:29 - By Liam Bailey

According to Nationwide, UK house prices fell 0.5% in July, slowing the annual growth rate to 6.6% from 8.7%. Worse than that now mortgage approvals are falling as well. I had started to doubt my firm

Read More…

Second Dip in UK House Prices to be a Long One Says PWC

Posted:2010-07-13 08:55:31 - By Michael Sutton

Accounting firm Pricewaterhousecooper has issued some very negative predictions on the future of UK house prices. According to PWC, there is a 70% chance that UK house prices will still be below peak 2007

Read More…

It Does Not Look Good for UK House Prices

Posted:2010-07-04 22:11:33 - By Liam Bailey

Well apparently the tide of opinion has changed on UK house prices, or rather the direction in which they are likely to go in the near future. Most analysts now believe prices will fall this year, and

Read More…

Will New Govt Affect UK House Prices?

Posted:2010-05-15 15:27:52 - By Liam Bailey

I thought it was about time I put pen to paper on the difference that I think the election will have on the UK housing market. Some could argue that I am just a tad late, but others will agree that I am

Read More…

UK House Price Rises – Unsustainable or Flipping Great?

Posted:2010-05-02 19:11:41 - By Liam Bailey

The UK housing market, and the reporting on it never cease to amaze me. The latest is that Nationwide has reported that house prices are now over 10% higher than they were last year, the first time year

Read More…

Mortgages Up but Still Subdued, UK House Prices Teetering on the Brink?

Posted:2010-04-28 19:00:12 - By Liam Bailey

Mortgage approvals for house purchase rose again in March according to new data. The latest figures from the British Bankers Association say that 34,905 mortgages were approved for house purchase in March,

Read More…

UK GDP Q1 Growth 0.7% Quarterly and 0.3% Annually

Posted:2010-04-23 09:28:47 - By Liam Bailey

UK gross domestic product has grown 0.7% this year compared to the final quarter of last year and 0.3% compared to the first quarter of last year. This UK economy was the last to emerge from recession

Read More…

UK House Prices Shaky as Election Fears Push up Supply

Posted:2010-04-13 09:54:17 - By Liam Bailey

UK house prices could be in for a bumpy ride as estate agents report a scary 6% increase in houses coming onto the market in March. This, the third consecutive jump in the number of houses coming onto

Read More…

The Latest on UK House Prices in 2010

Posted:2010-03-29 00:26:36 - By Liam Bailey

Well, a few interesting things have happened since I last put pen to paper on UK house prices, well, 2 really, to be precise. Firstly, the Land Registry issued its house price index for February, which

Read More…

Mortgage Approvals Creep Up in Feb Says BBA, What Of UK House Prices?

Posted:2010-03-23 16:21:41 - By Liam Bailey

Mortgage approvals crept back up in February, according to the British Bankers Association, after the 23% fall recorded by the organisation in January. A total of 35,276 mortgages were approved for house

Read More…

Mortgage Approvals Inch Back up in February

Posted:2010-03-19 20:30:46 - By Liam Bailey

Mortgage approvals crept back up in February, with a 6% increase on January's figure according to the most recent figures to be released by the Council for Mortgage Lenders. The figure was still 6% lower

Read More…

Mortgages Fall by Half in Jan, Another Nail in UK House Prices' Coffin?

Posted:2010-03-12 21:28:11 - By Liam Bailey

Mortgage approvals fell by almost half in January according to the latest release of data from the Council of Mortgage Lenders. This will undoubtedly add fuel to the second-crash-fire. In fact, this alone,

Read More…

UK House Prices: Second Correction Looking More Likely

Posted:2010-03-10 11:01:31 - By Liam Bailey

Well, just when I was about to give up on the idea that a second crash was going to come about in the UK housing market, the first sign that it may be starting have emerged. Some of you may be thinking

Read More…

UK House Prices Up or Down Depends on the Index

Posted:2010-03-03 21:37:09 - By Liam Bailey

UK house prices were 2.1% higher in January than in December, and 5.2% higher than in January 2008, according to the latest release from the Land Registry index. This, said the organisation is the second

Read More…

UK House Builders Risk Reputation to Sue Defaulters, What???

Posted:2010-03-03 08:46:21 - By Liam Bailey

I just read a really great article in Overseas Property Professional magazine (anyone who likes reading about property should definitely register), about the British builders that are suing en-masse buyers

Read More…

UK House Prices: What Will Spring Bring?

Posted:2010-02-26 21:20:37 - By Liam Bailey

This spring should be an interesting time for the UK housing market. Transaction volumes have been increasing slightly month-on-month since last spring, and, more importantly so have prices. The questions

Read More…

UK House Prices Up Again in December Says Govt, But for How Long

Posted:2010-02-18 22:08:16 - By Liam Bailey

Well hooray. UK house prices were 2.9% higher in December last year, than December the year before, according to the recent index released by the government Department of Communities and Local Government

Read More…

UK House Prices: Support Growing for Second Crash Scenario

Posted:2010-02-12 21:29:01 - By Alan de Sargent

Well, you would have to be buried under a stone not to have seen at least one story this week predicting that the second correction in UK house prices is either about to begin, or has already begun. I

Read More…

UK House Prices may be Flat in 2010 but the Market will certainly be Rocky

Posted:2010-02-05 23:47:29 - By Liam Bailey

UK house prices rose at their slowest rate for 6 months in January. According to the Halifax index, prices were up just 0.6% on the month in January, slower than the 0.8% in December, and from 1.2% in

Read More…

UK House Prices: Everything's Coming Up Roses

Posted:2010-01-31 23:36:45 - By Liam Bailey

Well, the news on UK house prices is still positive, that is to say positive for sellers if not for buyers. Last week Nationwide told us that UK house prices rose 1.2% in January, the biggest rise since

Read More…

New Legislation to Affect Landlords in the UK, but How Much...

Posted:2010-01-30 21:11:26 - By Liam Bailey

I have just read both sides of the debate over the government's new legislation pertaining to the private rental sector and landlord licensing. The Landlord and BTL blog says this is a government war

Read More…

A Long Hard Look at the Medium-Soft UK Housing Market

Posted:2010-01-22 00:22:31 - By James Bailey

The latest round of figures is in, again telling a conflicting story on UK house prices past, present and future. The latest RICS index has shown more homes coming up for sale than there has been for

Read More…

UK House Prices Still Rising Says Govt. But How Long Can it Continue?

Posted:2010-01-13 10:31:48 - By Liam Bailey

According to government figures released by the Department for Communities and Local Government yesterday UK house prices continued to rise in November. This was to be expected given the results of the

Read More…

Halifax Say Prices up 1% in 2009 + Jan Prize for Stating the Obvious

Posted:2010-01-08 08:45:49 - By Liam Bailey

From 2010 forward Write About Property will be publishing a monthly award for stating the obvious in the industry or national press. The plan was to wait and give the award at the end of every month, but

Read More…

Hands Up Who Wants UK House Prices to Grow 40% in the Coming Decade

Posted:2010-01-06 20:04:08 - By Liam Bailey

The UK housing market is getting an unbelievable amount of coverage, well the amount of coverage isn't unbelievable but the amount of it that is portraying it in a positive light and with a positive future

Read More…

UK Housing Market, Do You Want the Good News or the Bad News

Posted:2010-01-04 23:02:22 - By Liam Bailey

In what is now typical for the UK housing market; anyone reading the Guardian online today will be able to read a story that puts the housing market in a positive place, and a story that puts it in a very

Read More…

UK House Prices Rose 5.9% in 2009 but 2010 is Clouded in Fog...

Posted:2009-12-31 20:41:49 - By Liam Bailey

Well, Nationwide have released their figures for UK house prices in December and there is nothing very surprising at all. The rate of monthly growth slowed massively with a growth of just 0.1% between

Read More…

UK House Prices in 2010: My Forecast

Posted:2009-12-29 22:36:25 - By Liam Bailey

Well, house price analysts Hometrack have added their tuppence into the debate over what 2010 holds for UK house prices. They have said that they will fall 1% next year, which is more than they have fallen

Read More…

Housing in the UK Less Affordable Since Price Rises Began... Well Duh!

Posted:2009-12-27 20:48:43 - By Liam Bailey

Well, there's a shock: housing affordability in the UK has decreased in the second half of 2009 -- probably something to do with the fact that house prices have been rising and wages haven't. None the

Read More…

House Purchase Mortgages Now Up on 2 Years Ago - Still I'm Saving My Champagne

Posted:2009-12-25 19:41:08 - By Liam Bailey

Sorry to all my regular for it taking me this long to put pen to paper on the British Bankers Associations figures for lending in November, but it is Christmas. After the Council of Mortgage Lenders

Read More…

Predicting The Housing Market in 2010 is Less Easy than People Seem to Think

Posted:2009-12-24 23:21:21 - By Liam Bailey

It must be because its Christmas, but in the last 15 minutes I have read three forecasts for what the housing and buy to let markets will look like in 2010 and everyone of them offered an oversimplified

Read More…

RICS: House Prices to Rise in 2010, They Might, Nothing Will Stop the 2nd Bite

Posted:2009-12-23 00:00:51 - By Liam Bailey

Today the Royal Institute of Chartered Surveyors forecast that UK house prices would rise by 1-2% next year. They said that, though supply would rise in the first part of the year, it would not increase

Read More…

Young Index of Buy to Let Investor Sentiment full of Non-Surprises

Posted:2009-12-20 20:44:41 - By Emma Louise Bailey

Faith continues to increase in the UK housing market as prices continue to rise, all the while the recurring correction gets closer and closer. Today the Young index released the findings of its survey

Read More…

UK Retail sales Continue to Rise in November

Posted:2009-12-17 10:21:03 - By Alan de Sargent

Retail sales in the UK have risen on a year-on-year basis for the third consecutive month in November, according to figures just released by the Office for National Statistics. The volume of retail

Read More…

Residential Lettings in the UK: Where are we Now?

Posted:2009-12-13 13:09:03 - By Michael Sutton

The average rent for a UK property has increased by 12.6% in the last 12 months, but this growth has turned negative in recent months, according to data released today by rentindex. According to rentindex

Read More…

Curbing Banker Bonuses to Wreck the Recovery, Who's Recovery is it Anyway?

Posted:2009-12-11 22:51:38 - By Liam Bailey

Well, I've heard it all now. Estate Agencies in London are saying that the tax on banker bonuses will wreck the recovery in the prime sector of London, which will spill over into the rest of the market

Read More…

End of Stamp Duty Holiday Not Even on the Richter Scale

Posted:2009-12-09 23:58:04 - By Liam Bailey

Well, unless you have just moved out from under a rock you will know that Alistair Darling read his statement today, on the pre-budget report. His words were aired live following Prime Minister's question

Read More…

UK House Prices to Stagnate or Fall Says Fitch

Posted:2009-12-06 21:11:17 - By Liam Bailey

Ratings agency Fitch has said that UK house prices either face a prolonged period of stagnation at best, or a double dip at worst, as high unemployment and constricted lending take their toll in the coming

Read More…

UK House Prices up 0.6% in Oct say Land Reg, Analysts all Prepare for the Fall

Posted:2009-11-27 23:18:22 - By Liam Bailey

So, UK house prices are still rising. Today the Land Registry, by far the most accurate index of prices in England and Wales -- if a bit behind the rest -- revealed a 0.6% increase in house prices on the

Read More…

UK House Prices News Roundup, Second Dip Still Looms

Posted:2009-11-21 20:37:15 - By Liam Bailey

I thought it was about time I put pen to paper on UK house prices and the housing market. I grew fed up of covering every minor piece of news, none of which were changing my view point away from the fact

Read More…

Painting a Clear Picture of the UK Residential Lettings Market

Posted:2009-11-12 00:04:32 - By Liam Bailey

There is a really good report on the UK residential rentals market from the BDRC research agency. According to the report a quarter of all landlords have seen profits fall in the 3rd quarter, 7% had recorded

Read More…

UK House Prices: There is Only One Realistic Forecast

Posted:2009-11-06 22:03:02 - By Liam Bailey

Well, the latest news on the UK housing market is that Savills are forecasting house prices will fall sharply next year, before resuming solid growth in 2011, which will accelerate in subsequent years.

Read More…

UK House Prices Still Growing - When Will it All Come Crashing Down?

Posted:2009-11-04 10:47:24 - By Liam Bailey

I thought it was about time I put pen to paper with the latest news on UK house prices, well, rather my opinion on the latest news about UK house prices. Still the growth continues, and the longer it

Read More…

Land Registry Records UK House Price Rise in September, Where is the Second Dip?

Posted:2009-10-28 20:53:18 - By Liam Bailey

Well, I am in shock. The Land Registry index has recorded a rise of almost 1% in UK house prices in September. Bang goes the second dip theory. For those of you just tuning in, the Land Registry began

Read More…

The Bizzaro World of the UK Housing Market

Posted:2009-10-20 20:29:44 - By Liam Bailey

The bizarre world of the UK housing market continues to unfold more like a suspense novel than a market supposedly balanced by the pull of supply vs demand. The Rightmove index has shown that asking

Read More…

UK House Prices Still Rising According to Government Index

Posted:2009-10-14 15:40:14 - By Liam Bailey

UK house prices rose again in August according to the latest release of the government index ran by the Department for Communities and Local Government. The DCLG index, which is based on mortgage completions

Read More…

Why are Kuwaitis Leading the Way in British Property Investment?

Posted:2009-10-10 18:07:34 - By Michael Sutton

A Kuwaiti delegation consisting of Minister of Finance Mustafa Al-Shamali, Director of taxes and planning Hamed Al-Nasser, international agreements inspector Abdulaziz Al-Sallal, Chief of investment agreements

Read More…

UK House Prices up in September says Halifax, Makes the Future Interesting

Posted:2009-10-06 10:10:56 - By Liam Bailey

Well, while I have been proven wrong by the Halifax house price index recording a rise in September, this is made up for by the fact that it makes UK house prices very interesting at the moment and in

Read More…

Calculating the Past to Determine the Future of UK House Prices

Posted:2009-10-03 14:57:25 - By Liam Bailey

UK 03 October 2009 - Regular readers on the site will know I wrote several articles earlier this year that analysed the dynamics of UK house prices and affordability since 1957, including a detailed look

Read More…

Nationwide Says UK House Prices Same as Last Year, but Only Way is Down

Posted:2009-10-02 19:46:19 - By Liam Bailey

Nationwide released its index for September today and said that house prices rose 0.9% on average in September, bringing prices back to similar levels as they were in 2009. This comes just days after the

Read More…

Land Registry: House Prices Fell in August, as was Foretold Here

Posted:2009-09-28 10:54:57 - By Liam Bailey

Well, I was right. I wrote an article at the tale end of last week, attempting to predict what the Land Registry's house price index, released today, would say. I predicted that it would show a monthly

Read More…

Predictions on UK House Prices

Posted:2009-09-25 21:46:49 - By Liam Bailey

The Land Registry index is out on Monday, so I thought I would take a guess at what it is going to say. Before I start, this is not a forecast simply a guess for a bit of fun. On the last release, which

Read More…

Rightmove Index is Not a Measure of House Prices

Posted:2009-09-23 20:09:24 - By Liam Bailey

They're doing it again! Rightmove has issued the figures from its asking price index for September, showing that asking prices are on average 1.5% lower than a year ago, and the press are headlining things

Read More…

James Caan Marketing Ploy May Have Small Impact on Housing Market

Posted:2009-09-17 11:05:41 - By Liam Bailey

The star of Dragons Den James Caan has launched a new scheme to provide short-term interest free loans to homebuyers, to help them cover fees like solicitors fees and stamp duty. The £1BN fund for

Read More…

July House Purchase Loans up 19% on Last Year - CML

Posted:2009-09-14 18:10:09 - By Liam Bailey

UK 14 September 2009 - Mortgage lending increased massively in July according to a new survey by the Council of Mortgage Lenders, who revealed the first significant increase in mortgage lending since July

Read More…

UK House Prices Still Rising According to Halifax

Posted:2009-09-12 17:41:39 - By Emma Louise Bailey

UK house prices in 2009 have entered into positive growth territory according to the latest data released by the Halifax. The lenders index showed that the average UK house price was £112 higher in August

Read More…

UK House Prices have Bottomed, And Our Survey Said...

Posted:2009-09-09 20:56:19 - By Liam Bailey

The UK housing market has bottomed and there will be a slow and steady return to growth as supply gradually increases. That is according to a Reuters' poll of 30 financial analysts at banks, investment

Read More…

UK Construction Decline Slowing - New Construction Up

Posted:2009-09-04 09:37:47 - By Emma Louise Bailey

Construction output in the UK fell by 0.5% in Q2 compared to Q1, according to new data released today by the Office for National Statistics. This was a much smaller fall than the 8% fall recorded in the

Read More…

Now is the Time to Sell Your House - C'mon, Quick

Posted:2009-09-03 23:28:30 - By Liam Bailey

I have just read an article by Judith Heywood in the Times, well it is not really an article, simply a series of quotes from estate agents and letting agents around the country. Some being pretty honest

Read More…

UK House Prices Up for First Time in a Year but No Recovery - Hometrack

Posted:2009-08-31 21:13:18 - By Emma Louise Bailey

Major UK house price intelligence group Hometrack has today revealed the findings of its latest research into the UK housing market. The group said that though house prices rose 0.1% in August for the

Read More…

UK House Prices Up for 4th Consecutive Month, but Why?

Posted:2009-08-27 15:15:57 - By Liam Bailey

UK 27 August 2009 - Nationwide building society, one of the UK's biggest lenders has just released the figures from its UK house price index for August. According to the report house prices rose for the

Read More…

Mortgage Data: First Time Buyers Prevalent in UK Housing Market

Posted:2009-08-22 10:04:06 - By Emma Louise Bailey

UK 22 August 2009 - The number of mortgages being approved for house purchases is continuing to increase at a steady rate this year. The British Bankers Association revealed that the value of house purchase

Read More…

Rightmove August Index: Asking Prices Down 2.2% - Good News for Housing Market

Posted:2009-08-18 20:24:33 - By Liam Bailey

UK 18 August 2009 - Oh my god they're doing it again. Rightmove have just revealed its August data on asking prices, and there are literally dozens of articles floating around the web with headlines to

Read More…

Private Property Sales Continues to Grow in UK

Posted:2009-08-17 12:57:54 - By Emma Louise Bailey

Everyone involved in the property market, if not anyone who owns a house has heard the buzz-acronym FSBO. For Sale by Owner property is -- you guessed it -- property being sold privately by its owner without

Read More…

UK House Prices Look Like Falling Again

Posted:2009-08-14 10:18:19 - By Liam Bailey

Apparently UK house prices are falling again. According to a report in today's financial times the discount taken of properties sold at auction has been rising since May, and properties at auction are

Read More…

Mortgages and House Prices on the Up, Optimism? Afraid Not

Posted:2009-08-11 13:15:26 - By Liam Bailey

The Council of Mortgage Lenders has revealed that the number of home purchase loans agreed in June this year was just 6% lower than in June last year. Also today the latest release of the government's

Read More…

UK Housing Market Media in a Frenzy After Positive Forecast

Posted:2009-08-10 15:06:57 - By Liam Bailey

London 10 August 2009 - The Centre for Economics and Business Research has whipped the UK housing media up into a frenzy today, when it issued a report saying that house prices would rise 2% next year

Read More…

UK House Prices Upward Trend Continues - Halifax

Posted:2009-08-06 10:47:08 - By Liam Bailey

UK House prices rose 1.1% on average in July compared to June according to major UK lender the Halifax. This is the second monthly rise in the last 3 months, and the 3rd rise out of the first seven months

Read More…

UK House Prices to Fall Until 2012 - National Housing Federation

Posted:2009-08-03 11:04:30 - By Liam Bailey

UK - 03/08/2009 - The National Housing Federation has said that UK house prices will continue falling until 2012. The research, conducted on behalf of the NHF by Oxford Economics led to forecasts of a

Read More…

UK House Price Rise in July Largely Irrelevant

Posted:2009-07-31 12:50:44 - By Liam Bailey

The Nationwide index has revealed that UK house prices rose by 1.3% in July. This brought the three monthly measure to a rise of 2.6% up from a 1% increase in the three months ending June -- the biggest

Read More…

UK House Prices in Steady State for 2009 Says Rightmove, What?

Posted:2009-07-20 17:59:59 - By Liam Bailey

The UK housing market has bottomed according to Rightmove, and prices are to remain in "a steady state" for the rest of the year. Everyone is entitled to their opinion, but it is what that opinion is

Read More…

UK House Prices to Stagnate till 2020 - PricewaterhouseCoopers

Posted:2009-07-16 21:32:31 - By Liam Bailey

Accountants PricewaterhouseCoopers (PwC) have forecast that it may take a decade for UK house prices to see any real growth; that house prices will remain at 2008 levels until 2020. Further they said that

Read More…

UK House Prices Falling Slower, Government Figures

Posted:2009-07-14 14:03:08 - By Liam Bailey

The UK government has just released the figures for May from its house price index, and they have shown that the rate of decline in UK house prices is continuing to slow, as has been shown by all the major

Read More…

Will the Current Stability be the Start of UK House Price Recovery?

Posted:2009-07-12 13:39:11 - By Liam Bailey

I just read an interesting article on the blog of private property sales site Zungalow.com, on how the current upward pressure on UK house prices could turn into the beginnings of a recovery -- it blew

Read More…

UK House Prices Fell in June - More Falls Inevitable and Necessary

Posted:2009-07-08 13:53:25 - By Michael Sutton

UK house prices fell by 0.5% in June on average, according to the latest release of the Halifax house price index. The firm also revealed that the fall in the second quarter of this year, was less than

Read More…

Worst of UK House Price Falls Over - Yeah Right

Posted:2009-07-03 11:39:35 - By Liam Bailey

The UK housing market has bottomed out apparently. All the bulls have had their prayers answered; David Miles, a policy maker for the Bank of England has said that he thinks the UK has seen the worst of

Read More…

UK House Price Rise Continues in June - More Agony Prolonging Goodness?

Posted:2009-06-30 10:12:14 - By Liam Bailey

The Nationwide has released the figures for its house price index for June. The main points were as follows: A month on month rise of 0.9% - continuing the trend of monthly rises Tri-monthly and more

Read More…

UK House Prices to Stabilise by End of 2009

Posted:2009-06-24 16:02:39 - By Scott Bailey

According to a major study into the UK housing market by Standard and Poor, UK house prices are likely to stabilise in the last quarter of this year, while they continue to fall sharply in Spain and Ireland

Read More…

Rightmove Index a Better Measure of Vendor Realism than UK House Prices

Posted:2009-06-23 16:37:29 - By Liam Bailey

Oh My God. I have just had a look around the web for news on UK house prices, and found 20 online publications reporting on how UK house prices fell in June. All the reports are based on the only major

Read More…

UK House Prices - Asking Prices Finally Falling

Posted:2009-06-20 19:00:48 - By Liam Bailey

Asking prices finally started to fall in June according to FirstRung.co.uk who obviously got their hands of an advance copy of the Rightmove's data for June. Apparently asking prices dropped 0.4% in June,

Read More…

Gloucester Property Prices Falling Faster than National Average

Posted:2009-06-17 15:36:38 - By Liam Bailey

Gloucester property prices fell around 2.5% between February and April according to the Land Registry house price index. In February the average Gloucester house price was £166,924 and in April it

Read More…

UK House Prices: Gap Between Asking and Selling Prices Closing

Posted:2009-06-15 18:10:22 - By Liam Bailey

The gap between asking prices and selling prices is narrowing according to the Royal Institute of Chartered Surveyors. Houses are now selling for 11% less than they are advertised, though the gap is still

Read More…

UK House Prices Could Fall a Further 35% - Homes Still Not Affordable

Posted:2009-06-11 14:34:53 - By Michael Sutton

I recently read an article on the Rock Star Investment Gloucestershire blog, in which they had taken data on average earnings for Gloucester, and compared it to the average sale price of Gloucester property,

Read More…

Shortage of UK Housing Supply: Blame it on the HIPS

Posted:2009-06-10 11:03:23 - By Michael Sutton

The Royal Institute of Chartered Surveyors has made a statement blaming the new law that says Home Information Packs must be in place before the property is marketed, for the current shortage of supply

Read More…

Govt Figures on UK House Prices in April: a Regional Breakdown

Posted:2009-06-09 19:09:04 - By Michael Sutton

Though the latest release of the government's UK house price index was very positive; showing the annual and quarterly rate of decline slowing and a 1.1% monthly rise, the picture is not so positive everywhere.In

Read More…

Government Figures Show UK House Prices Falling Slower

Posted:2009-06-09 11:25:25 - By Emma Louise Bailey

It is official; the rate of decline in UK house prices is slowing. Today, the UK government, well the Department for Communities and Local Government released the April figures from its index, and they

Read More…

UK Housing Market Turning Point, Time to Start Selling Again, What?

Posted:2009-06-06 12:31:27 - By Liam Bailey

I can't believe what I have just read in a press release by UK property portal look4aproperty.com, titled Housing Market Turning Point Is Here.The press release tells the story of the moment: how low supply

Read More…

Halifax Index Continues Trend; Shows UK House Prices Falling Slower

Posted:2009-06-04 19:07:59 - By Emma Louise Bailey

The Halifax released the figures for May from its UK house price index today, and they showed that the rate of decline in UK house prices is slowing. This is a trend that has emerged in the last few price

Read More…

At Last Some Sense on UK House Prices and the Cat Bounce Bottom

Posted:2009-06-03 19:06:02 - By Liam Bailey

At last some sense; an article in the Telegraph titled The bottom in UK house prices is no bottom at all, which goes around the houses I have covered many times relating to the last crash, before finishing

Read More…

UK House Prices: Tentatively Positive Signs Continue

Posted:2009-06-01 16:00:18 - By Michael Sutton

The Land Registry released the figures for April from its house price index, and it concurs with the latest trend by showing that the rate of annual decline is continuing to slow. The annual rate of decline

Read More…

UK House Prices: 2nd Rise in 3 Months, is the Market Turning?

Posted:2009-05-30 14:17:12 - By Liam Bailey

Well, Nationwide released the figures for May from its UK house price index, and it has been added to the "mounting evidence" that the UK housing market is on the turn. This is because house prices apparently

Read More…

UK Housing Market: What's Really Behind Record Low Mortgage Lending

Posted:2009-05-29 07:34:58 - By Liam Bailey

Mortgage lending for new home purchases rose 4% last month according to the British Bankers Association, but is still at shockingly low levels with just over twenty-seven and a half home purchase mortgages

Read More…

FSA Stress Test on UK Banks Not All That Stressful

Posted:2009-05-28 19:38:27 - By Liam Bailey

The Financial Services Authority (FSA) today revealed some details about its current batch of stress testing on UK banks. Though it wouldn't reveal specific details about the two banks involved, Lloyds

Read More…

UK Housing Market: Buyer Activity Stabilising, Worst far From over

Posted:2009-05-27 18:47:50 - By Liam Bailey

The British Bankers Association has just released its figures on UK lending as a whole -- credit cards, mortgages, remortgaging, repayments the whole shebang -- for April. The accompanying report tells

Read More…

Mortgage Lending Fall Means no UK Housing Market Recovery in Sight

Posted:2009-05-22 14:05:44 - By Liam Bailey

The volatility of the UK housing market has once again bounced onto centre stage and danced all over the recent hopes for recovery caused by "various indicators". I couldn't believe it when I read an

Read More…

Potential Property Sellers Stuck, Give it a go with Zungalow

Posted:2009-05-19 14:21:32 - By Liam Bailey

Private property sales site Zungalow.com could answer the prayers of thousands of people trapped by the UK housing market. The current situation is causing a shortage of supply, which Zungalow sellers

Read More…

Rightmove Index - Raised Asking Prices Don't Mean Market is Bottoming

Posted:2009-05-18 19:44:19 - By Liam Bailey

I cannot believe the level of optimism generated by the fact that the May release of the Rightmove UK house price index showed asking prices had risen for the fourth consecutive month. This time the rise

Read More…

Commentary on CML Data: 12,800 Homes Repossessed Q1 2009

Posted:2009-05-15 17:23:47 - By Michelle Conlay

The Council of Mortgage Lenders today revealed that 12,800 UK homes were repossessed in the first quarter of this year, compared to 10,400 in the last quarter of last year, and 8,500. The CML now thinks

Read More…

UK House Prices: How to Break the Boom Bust Cycle

Posted:2009-05-13 20:08:22 - By Liam Bailey

On Monday night's Property Watch show (new program by the BBC) an estate agent said:"[During the boom] it was a case of making your valuation, and then adding a bit on." While it was obvious to the trained

Read More…

UK House Prices have Further to Fall However You Slice It

Posted:2009-05-13 16:24:20 - By Michael Sutton

It is a firm belief of mine that house prices will fall until houses become affordable for first time buyers. Depending on whether the economy recovers in the meantime, this will be as far as they fall,

Read More…

Rate of UK House Price Decline Slows - Govt Figures

Posted:2009-05-12 19:08:22 - By Liam Bailey

The government has released the March figures from its house price index. The latest release of the Department for Communities and Local Government index has concurred with the Land Registry's March figures

Read More…

Property Watch Show on UK House Prices Hardly Groundbreaking

Posted:2009-05-11 21:38:33 - By Liam Bailey

I just watched part 1 of the BBC's new Property Watch. It contained a lot of interesting material, nit the part which most compelled me to put pen to paper came in the first 15 minutes.Firstly the show

Read More…

UK House Prices Only 6% Further to Fall - Lloyds plc

Posted:2009-05-10 08:18:58 - By Emma Louise Bailey

Lloyds Plc, Britain's biggest lender, has gone on record to say that UK house prices only have 6% further to fall, which will happen by the end of the year. A spokesperson for the lender, which has a 30%

Read More…

UK House Prices: Decline Maybe Slowing but Worst Far from Over

Posted:2009-05-09 13:00:03 - By Liam Bailey

There are a lot of positive reports in the press at the moment suggesting that UK house prices maybe on the turn. I had started to wonder if I am perhaps being too negative; batting the positive news away

Read More…

Home Information Packs now Speeding Up Buying Process

Posted:2009-05-08 22:09:09 - By Emma Louise Bailey

The new legislation regarding Home Information Packs, particularly the Property Information Questionnaire is speeding up the buying process, according to property search site Sourcing Property.The PIQ

Read More…

Houses Affordable in only 61 Local Authorities - Halifax

Posted:2009-05-08 19:37:01 - By Liam Bailey

This will be the third article I have written about the recent figures on UK house prices released by the Halifax, but I have to bring to light something I hadn't noticed until now. In its look at housing

Read More…

Selling UK Houses in a Digital Age Downturn

Posted:2009-05-07 13:29:39 - By Liam Bailey

In years gone by, when people wanted to buy or sell property they had very limited options. In fact they had two options: seek the services of an estate agent, or stick a card in the window of the local

Read More…

Gloucester Property Unaffordable: More Falls Ahead

Posted:2009-05-06 21:26:54 - By Michael Sutton

The average house price in Gloucester is 7.8 times the average gross salary of Gloucester residents, Rock Star investment Gloucestershire's research has found. In a post published on their Gloucester property

Read More…

Halifax Says Affordability has Trebled - No Optimism Here

Posted:2009-05-06 13:26:06 - By Liam Bailey

Yesterday Halifax revealed data from its affordability index showing that mortgage repayments were now only an average 31% of first time buyer's disposable income, down from 48% at the peak in 2007. Nationwide's

Read More…

UK House Prices: Latest Figures from Halifax Show Futility of Keeping Track

Posted:2009-05-06 10:23:48 - By Liam Bailey

Halifax has released the April figures from their house price index, I am reporting on it only because I feel I must. It's all getting a bit much-of-a-much-ness for me now, we might as well stop bothering

Read More…

Halifax Says Affordability has Trebled - By What Measurement

Posted:2009-05-05 10:09:42 - By Liam Bailey

Two interesting reports came out today: the Centre for Economics and Business Research has said that UK house prices have another 8% to fall before a "sluggish recovery" will begin. And the Halifax has

Read More…

More on the Cause of UK House Price Corrections: Lack of Affordability

Posted:2009-05-03 17:43:51 - By Liam Bailey

I read an excellent article on the Zungalow blog yesterday, which expanded upon my article of earlier in the week about the relationship between UK housing affordability and house price corrections. In

Read More…

UK House Prices: They Never Stopped Falling in March

Posted:2009-05-01 09:24:45 - By Michael Sutton

I have read a lot of reports this morning headlining a variation of "House Price Resume Fall", and "House Prices in Fresh Fall". I don't get it. Anyone who knows anything about the UK housing market, or

Read More…

Advice on How to Successfully Invest in UK Property

Posted:2009-04-30 17:31:09 - By Michael Sutton

As with any other part of the world, UK property prices are primarily determined by location. For example, London house prices are higher than anywhere else in England, further, house prices in London's

Read More…

Land Registry: UK house Price Decline Slows, Prolonging the Agony?

Posted:2009-04-30 12:12:08 - By Liam Bailey

The Land Registry Index is out and I hate to say it: I was horribly wrong. It does in fact seem that the rate of house price decline is slowing in England and Wales. According to the Land Registry house

Read More…

An Exciting Day for UK House Price Commentators

Posted:2009-04-30 07:17:11 - By Liam Bailey

This is an interesting day (and exciting if you're sad like me) for the UK housing market, with two of the biggest measure of UK house prices releasing the latest figures on the same day. Nationwide have

Read More…

Gloucester Property Market Should be Among First to Recover

Posted:2009-04-29 14:44:30 - By Liam Bailey

I read a very insightful article yesterday, on how the massive urban regeneration project in Gloucester will cause it to have a very different and quicker recovery than other parts of the UK.The blogger,

Read More…

UK Property Losing Euro Buyer Cushion, Americans May Fill Void

Posted:2009-04-29 12:20:31 - By Alan Siddel

UK property became very attractive to European buyers, when the Euro rapidly gained ground on our beleaguered UK currency.Most of the attention was focused around London, which was overtaken by Monaco

Read More…

London's Prime and Super-Prime Markets will always be Unpredictable

Posted:2009-04-28 14:32:58 - By Liam Bailey

This week Knight Frank has reported the first price rise in 13 months on prime property in London. But if the other indexes are open to statistical anomalies because of the small transaction levels on

Read More…

Annual Decline of UK House Prices Slowing - No Optimism Here

Posted:2009-04-27 18:00:56 - By Michael Sutton

The decline of UK house prices slowed in April, according to the latest figures from Hometrack. This is being viewed with yet more optimism, by people who surely must be getting fed up of being wrong when

Read More…

UK House Prices: Learning the Correction Lesson

Posted:2009-04-25 17:45:31 - By Liam Bailey

UK house prices -- like many other places -- are falling because that is what needed to happen; correction is definitely the right word to use. I have been looking at Nationwide's historical house price

Read More…

Gloucester Property & Housing Market to Benefit from Regeneration

Posted:2009-04-25 09:27:26 - By Liam Bailey

Gloucester residents hope their city centre will be a major beneficiary of the £3million pledged by communities' secretary Hazel Blears to regenerate city centres, by handing over empty shops and

Read More…

Budget 2009: No Magic Wand for UK Housing Market Recovery

Posted:2009-04-23 10:00:24 - By Liam Bailey

As expected the reactions to Alistair Darling's 2009 UK budget were numerous and varied from within the property and housing industries. Almost -- if not -- all the major bodies and representatives had

Read More…

NAEA and RICS Responses to Budget Stand Out for their Differences

Posted:2009-04-22 19:35:05 - By Liam Bailey

With the amount of people and, bodies and groups in the property industry urging the Chancellor to do one thing or the other in this year's budget, it was only to be expected that the responses would be

Read More…

Why Selling Property Privately Grows in a Downturn

Posted:2009-04-22 14:40:27 - By Michael Sutton

With UK property values redefining the term price floor, people are looking at the fees charged by estate agents and realising that by the time that chunk is gone on top of the value lost to price drops,

Read More…

Gloucester Property Market Hit Hard by UK Housing Market Crash

Posted:2009-04-21 21:35:37 - By Liam Bailey

Gloucester property prices had fallen by around 16% up till February, according to Land Registry data, an equal percentage to the average for England in Wales. Property in Gloucester, like almost everywhere

Read More…

Bold UK Developers Try to Reverse their Fate; Launch New City Developments

Posted:2009-04-21 19:47:53 - By Alan Siddel

The UK has a good track record for attracting businesses looking to expand. The employment factor subsequently causes towns to grow, and property values to rise. However, as the economic downturn sends

Read More…

Will the UK Housing Market ever be the Same Again?

Posted:2009-04-20 13:03:35 - By Liam Bailey

Yes, it is true: this is not the first housing depression we have endured in the UK. It probably won't be the last either. One thing -- and I'm not saying the only thing -- that is different about this

Read More…

UK House Prices & Rightmove: Bumping Along the Bottom? I Think Not

Posted:2009-04-20 09:43:53 - By Liam Bailey

The Rightmove index has once again showed a rise in asking prices, but this time, because it is the third such monthly rise, they are viewing it with more optimism than the last. The fact that agents are

Read More…

Chancellor Urged to Adjust Stamp Duty: There's No Quick Fix

Posted:2009-04-19 19:10:35 - By Liam Bailey

The Chancellor is receiving yet more calls from within the property industry about what he should do in this year's budget. This time the calls are for what should be done about Stamp Duty.Nick Hopkinson

Read More…

Response to More Falsely Optimistic Reports on UK House Prices

Posted:2009-04-18 22:10:07 - By Liam Bailey

In an article in the Coventry Telegraph, Harvey Williams Coventry and Warwickshire regional spokesman for the Royal Institution of Chartered Surveyors, has slated the recent government figures on the UK

Read More…

First Time Buyers "Locked Out" of Scottish Housing Market

Posted:2009-04-18 16:11:01 - By Scott Bailey

In stark contrast to the upbeat reports of late, Shelter Scotland has reported that first time buyers are "locked out" of the market because of a lack of mortgages, and a shortage of affordable housing.The

Read More…

UK Property Industry Big-Hitters urge VAT Rate Cut in Budget

Posted:2009-04-17 22:17:04 - By Michelle Conlay

Some of the biggest hitters in the UK construction industry have joined together in their calls for the UK chancellor Alistair Darling to take the EU up on its allowance, and cut the rate of VAT from 15%

Read More…

Govt Figures on UK House Prices Show Inaccuracies of other Indexes

Posted:2009-04-16 08:25:33 - By Liam Bailey

The latest government figures on UK house prices have shown just how inaccurate some of the other indexes have become due to the low transaction volumes. In fact so inaccurate that they currently should

Read More…

UK House Prices: RICS Issues Guidance Note on New-Build Valuations

Posted:2009-04-15 18:28:27 - By Scott Bailey

The Royal Institute of Chartered Surveyors has published a guidance note on the valuation of new-build properties.RICS spokesperson Barry Hall said: "All parts of the property industry are in agreement

Read More…

HBOS to Offer 120% LTV Mortgages to Homeowners in Negative Equity

Posted:2009-04-14 18:50:57 - By Emma Louise Bailey

HBOS, a conglomerate of Halifax and the Bank of Scotland, which is now part of the Lloyds banking group, is to offer 120% fixed rate remortgage deals to homeowners in negative equity who are nearing the

Read More…

Online Communities: The Future of Private Property Sales?

Posted:2009-04-14 15:27:20 - By Liam Bailey

Out of property portals emerged FSBO property; the business of selling your own house, selling property privately as it is also known.Property has become harder to sell as the credit crunch has worsened,

Read More…

FT Index Raises Hopes But How Accurate is it?

Posted:2009-04-13 19:28:05 - By Liam Bailey

The Financial Times today released statistics on the UK housing market for February from its house price index. Surprisingly the FT index is not showing the same level of price declines: it puts the average

Read More…

UK House Prices will Fall for as Long as Unemployment Rises

Posted:2009-04-12 09:29:09 - By Liam Bailey

Almost everyone seems to have developed the belief that a further 10% will be enough for the UK housing market to hit rock bottom. This will mean a 26.5% drop from peak if you go by the current Land-Registry

Read More…

Latest Reports on UK Property Market Overly Optimistic

Posted:2009-04-10 07:43:32 - By Liam Bailey

Yesterday experts predicted that the UK property market would bottom and the recovery would begin all in the next few weeks. The press have been quick to pounce on his optimism, but in reality that is

Read More…

Bank of England Leaves Base Rate Unchanged - Commentary

Posted:2009-04-09 20:39:51 - By Liam Bailey

The Bank of England has decided to leave the base rate unchanged at 0.5%. "The decision to leave base rates at 0.5% is unsurprising - further cuts would have little effect on the mortgage market. It is

Read More…

Bramzell Hits Out Again, This Time at Axe Agent Presenter

Posted:2009-04-07 20:34:28 - By Liam Bailey

Property Index director Lee Bramzell has once again climbed onto his soapbox, this time to criticise developer and Axe the Agent presenter Gary McCausland for his comments in the Mail on Sunday.Last month

Read More…

REDC Not to Blame for Repossessions

Posted:2009-04-07 10:43:04 - By Michelle Conlay

The REDC is being villlified in the UK press for profiting from the misery of repossession. This is not what it is doing.The houses have already been repossessed. They have not been repossessed by, for

Read More…

RICS Comments on Change to HIPs Law

Posted:2009-04-06 18:13:59 - By Liam Bailey

The Royal Institute of Chartered Surveyors today commented on the law change concerning Home Information Packs, which effective April 16th will need to be provided from the first day the property is advertised.The

Read More…

1.9% Monthly Drop in UK House Prices for March - Halifax Index

Posted:2009-04-04 14:27:31 - By Scott Bailey

The Halifax building society recorded a 1.9% fall in house prices in March according to the latest release of its house price index, though it said the annual rate of decline had slowed slightly.This is

Read More…

NAEA Says HIPS Discouraging Sellers, Calls on Govt to Suspend

Posted:2009-04-03 20:55:23 - By Emma Louise Bailey

The National Association of Estate Agents has released details of its recent survey, heavily criticising the government's continued faith in Home Information Packs. From today HIPS are not only compulsory

Read More…

How Should We Feel About the UK Property Price Rise?

Posted:2009-04-03 06:51:38 - By Liam Bailey

According to the latest release of Nationwide's UK house price index, the average price of a UK home rose by 0.9% to £150,000. The news received a mixed response:Nationwide was unoptimistic, saying it

Read More…

RICS Statement on New Report: More of the Same

Posted:2009-03-31 20:21:11 - By Scott Bailey

The Royal Institute of Chartered Surveyors issued a statement today on the property investors bulletin. Their senior economist Oliver Gilmartin said:"Today's figures from the property investors bulletin

Read More…

UK Govt to Spend £170million On Transport to Boost Housing Development

Posted:2009-03-30 10:02:34 - By Scott Bailey

Housing Minster Margaret Becket has joined forces with Transport Minister Paul Clark; the pair announced that the government will spend £170 million on 29 new transport projects aimed at supporting

Read More…

UK Property: REDC Will Increase Buyer Activity - Good for Market

Posted:2009-03-29 21:30:31 - By Liam Bailey

The launch of huge auctions by the Real Estate Disposition Company in the UK, selling repossessed properties by the dozen starting with the first auction this Tuesday, could "bring about a significant

Read More…

Property Index CEO Slams Axe the Agent in Letter to BBC

Posted:2009-03-28 15:19:45 - By Scott Bailey

Lee Bramzell, the CEO of one of the UK's largest property portals, Property Index, has written a letter to the BBC calling on them to "reconsider decommissioning" the Axe the Agent series. In the letter,

Read More…

UK House Prices Down 2.0% in February, 16.5% on Last Year

Posted:2009-03-27 15:43:04 - By Liam Bailey

House prices in England and Wales fell 2% in February according to the latest release of the Land Registry house price index, bringing the average price down to £153.862 and the annual fall to 16.5%.

Read More…

Scots Parliament Backs FMB Call for VAT Cut on Property Repairs

Posted:2009-03-26 14:20:39 - By Alan Siddel

The Federation of Master Builders is calling on Alistair Darling to reduce VAT on materials used for property repair work, a call now thought to have "cross-party support" in the Scottish parliament.According

Read More…

UK Property: Short Supply a Worry for Some

Posted:2009-03-25 12:04:11 - By Liam Bailey

UK housing stocks have fallen by "around a quarter from last year," according to NewHomesForSale.co.uk, a UK property portal specialising in new build homes. Spokesperson for the portal Michelle Williams

Read More…

UK Property: Falling Savings Deposits+Rising Mortgage Lending=?

Posted:2009-03-24 22:08:02 - By Scott Bailey

Savings deposits fell by £73million in February, following a drop of £200million in January as returns deteriorate; with some accounts now paying 0% returns to savers. Some are saying that

Read More…

UK Property: Buyer's Letting Market Leaves Landlords in the Lurch

Posted:2009-03-23 19:24:37 - By Scott Bailey

Last year, many people who couldn't sell their UK property, or at least not for the price they wanted, but who were still determined to move, decided that renting it out was a good alternative. But now,

Read More…

Private Property Sales Could Change Role of Estate Agents

Posted:2009-03-21 20:33:05 - By Liam Bailey

Selling property privately is becoming big business. The portals attract thousands of visitors every day, most of them actively looking to purchase property, and some charging only £89 to advertise

Read More…

Rightmove Index: Raised Asking Price Doing More Harm than Good

Posted:2009-03-20 10:49:28 - By Liam Bailey

According to the latest release of Rightmove's house price indexasking prices on UK property rose 0.9% this month compared to last month.The report admits that agents are being forced to up initial advertising

Read More…

UK Property: Who Benefits Most From Returning Fixed Rate Mortgage

Posted:2009-03-19 22:41:54 - By Liam Bailey

I am rather baffled that more commentators aren't sceptical that the banks have brought back five year fixed rate mortgages now. I have read two articles one in the Daily Mail and one on Hotproperty.co.uk,

Read More…

UK Mortgage Lending Hits Lowest Level Since 2001

Posted:2009-03-19 13:15:20 - By Emma Louise Bailey

Gross mortgage lending in the UK fell a further 15% in February, down to just £9.9 billion; the lowest level since February 2001 according to latest figures released by the Council of Mortgage Lenders

Read More…

UK Property: Housing Market Recovery Hinges on Three Things

Posted:2009-03-18 17:58:01 - By Liam Bailey

It is has become apparent that the UK housing market recovery is dependent on three things, all of which are going to take an indeterminate amount of time to resolve: sellers realising that it is a buyer's

Read More…

NAEA: Prices up on Smaller and Luxury UK Properties

Posted:2009-03-16 16:20:45 - By Liam Bailey

The National Association of Estate Agents has released more figures concerning the UK property market, and property prices in February. Apparently small properties saw price rises in February, as did luxury

Read More…

US Foreclosure Auction Giants are Here in the UK

Posted:2009-03-16 15:07:15 - By Scott Bailey

The Americans are here. Huge American property auction company, the Real Estate Disposition Company, specialising in sales of foreclosed and distressed properties has announced the dates for its first

Read More…

UK Property Market: Throwing Money at the Problem not the Answer

Posted:2009-03-13 19:24:52 - By Liam Bailey

CEO of look4aproperty.com Aaron Turner has urged the government to accelerate quantitative easing and "put more money into the housing market."In a press release, Turner said that "Money needs to be put

Read More…

UK Property Market Still Hindered by Lack of Supply and Mortgages

Posted:2009-03-10 17:11:21 - By Emma Louise Bailey

The Royal Institute for chartered Surveyors has announced a massive increase in buyer interest in the UK property market for February. The associated press release said:"20 percent more Chartered Surveyors

Read More…

Consumer Confidence Index: Hope for Rise by Property Market Bottom

Posted:2009-03-05 08:02:24 - By Allan Siddel

The Nationwide Consumer Confidence Index climbed two points in February, to 43. While confidence in the present situation dropped for the eighth consecutive month, 19% of people believe the situation will

Read More…

London's Prime New Development Market May Be Flattening

Posted:2009-03-02 21:08:23 - By Emma Louise Bailey

Estate agency Knight Frank has said that the new development sector of London's prime residential market 'may be flattening out'.The firm's optimism rests primarily on rising investor interest in the sector

Read More…

Foreclosure Assistance Better in US than UK

Posted:2009-03-01 12:27:14 - By Allan Siddel

Property foreclosure has become so prolific in the US, so common that it has lost its taboo. More people than ever before facing foreclosure are putting their pride in a basket and asking for help. But

Read More…

US Foreclosure Auction Giant Comes to 'Flood UK Property Market'

Posted:2009-02-28 19:00:50 - By Liam Bailey

A massive US property auction company, currently specialising in foreclosed properties, is coming to the UK, reports the Guardian.The company, Real Estate Disposition Company has been approaching UK mortgage

Read More…

England and Wales House Prices Fall 0.8% in January - Land Registry

Posted:2009-02-27 13:10:13 - By Liam Bailey

According to Land Registry figures released today Wales and England property prices saw a monthly fall of 0.8%, January 2009 compared to December 2008, making the annual fall 15.1% according to the Land

Read More…

UK Property: Nationwide Report 1.8% Drop in House Prices

Posted:2009-02-26 12:26:49 - By Scott Bailey

Figures released by the Nationwide reveal a 1.8% fall in UK property prices for February. The UK national average property price is now, £147,746. According to the building society the main problem

Read More…

UK Property Market Recovery: 5-7% Price Growth in 2010

Posted:2009-02-25 21:14:24 - By Liam Bailey

Jones Lang Le Salle has forecast that the UK property market recovery won't begin until 2011, the same year as it predicts recovery for Dubai. I believe the UK property market recovery will be earlier,

Read More…

UK Property: Mortgages Growing, Just Not Quickly Enough

Posted:2009-02-25 13:46:00 - By Liam Bailey

According to the British Bankers' Association statistics the number of mortgages approved for house purchases saw a month on month growth in January, but is still at very low levels. The total amount approved

Read More…

UK Govt's Further Measures to Increase UK Mortgage Lending

Posted:2009-02-24 11:37:29 - By Emma Louise Bailey

Alistair Darling has offered to drop Lloyds Banking Group's £480m annual interest bill on a taxpayer loan, in return the bank will be expected to provide billions of pounds in new mortgage lending

Read More…

Northern Rock to Increase New Mortgages by £14billion by 2010

Posted:2009-02-23 17:48:51 - By Scott Bailey

Northern Rock is to increase mortgage lending by £14 billion in the next two years. The bank has agreed a Treasury sponsored business strategy that will introduce around £5billion in new mortgage

Read More…

UK Property Recovery May Not be so Dependant on Mortgages

Posted:2009-02-20 10:35:56 - By Emma Louise Bailey

All the recent reports into the UK property market say pretty much the same thing, there will be no recovery until finance starts to become more readily available. Sure readily available high LTV finance

Read More…

UK Property: Buyer Interest Not Translating to Sales, NAEA Report

Posted:2009-02-19 11:59:22 - By Liam Bailey

The National Association of Estate Agents released its report into the UK property market today. The report showed that the body's previous report of increased sales in the first fortnight in January

Read More…

UK Property 8th Most Popular with Jet to Let Investors

Posted:2009-02-17 18:36:53 - By Liam Bailey

The UK has entered the Jet-to-Let's top ten property investment destinations, the chart released following its annual survey of its readers. The UK was placed at 8th most popular, having never appeared

Read More…

Rent-to-Own Property Scheme to Help FTBs Onto UK Property Ladder

Posted:2009-02-14 18:46:46 - By Allan Siddel

Online property rentals portal goodtenant.com has announced a new rent-to-own scheme to help conscientious tenants, even those with poor credit-history onto the property ladder, it could be an excellent

Read More…

More Positive Signs for the UK Property Market

Posted:2009-02-13 19:41:38 - By Emma Louise Bailey

Knight Frank today reported a 25% year on year growth in buyer interest in rural properties in January 2009.According to all reports the recovery will depend on increased availability of finance, and an

Read More…

Latest Knight Frank Stats Spur My Hope for Slow UK Property Market Recovery

Posted:2009-02-12 20:27:34 - By Liam Bailey

Today (Feb 12 2009) Knight Frank released their latest research findings and stats on the London housing market. The report contained nothing to change my view that the UK property market could slowly

Read More…

New Credit Checks May Stunt UK Property Recovery, Prolong Recession

Posted:2009-02-11 21:27:50 - By Liam Bailey

A new credit-scoring system revealed this week could cause the UK property slump to be worse than is currently expected, and make the UK economic situation as a whole worse. In fact, it could send the

Read More…

Agents Report: More Hope for UK Property Market Recovery

Posted:2009-02-10 21:09:45 - By Liam Bailey

The monthly report into the property market of London's boroughs by various sales managers of Kinleigh Folkard & Hayward shows that January was on the whole a very positive month for London property.

Read More…

Does the Price Rise Signal a UK Property Recovery?

Posted:2009-02-06 21:13:54 - By Liam Bailey

The Halifax recorded a 1.9% increase in UK house prices for January, a surprising rise after ten straight monthly price drops. While some commentators have hailed it as a sign that the UK property market

Read More…

Estate Agent Body: UK Recovery Maybe Close

Posted:2009-02-05 17:22:23 - By Jake Kyle

The National Association of Estate Agents has become the latest body to state that the recovery of the UK housing market may not be as far away as first thought. The body basis its claim on recent rises

Read More…

Second Report Says UK Property Recovery is Nearing

Posted:2009-02-03 15:26:32 - By Liam Bailey

Prime purchase property acquisitions has announced in a press release that they believe the London property market has bottomed out and is primed for recovery saying that "prices have certainly tumbled"

Read More…

Redrow to Build 300 Homes in Maidstone Kent

Posted:2009-02-03 01:58:25 - By Jake Kyle

In what could be called a bold move in the current climate UK property developer Redrow has announced plans to build 300+ new homes on the grounds of what used to be Senacre college in Maidstone Kent.

Read More…

First Time Buyers: Rent for a While Yet

Posted:2009-01-29 21:28:45 - By Liam Bailey

I have just been reading a thread on the forum House Price Crash, and the consensus of opinion is that those first-time buyers who have been renting because they couldn't afford to buy in their area, should

Read More…

UK Property Could Benefit From Local Authority Mortgages

Posted:2009-01-29 19:05:30 - By Liam Bailey

In an attempt to give the UK residential property market the kiss of life the government is toying with the idea of lifting government restrictions on the interest rate of local authority mortgages.Banks

Read More…

Industry Expert Recomends UK Property Investment

Posted:2009-01-27 17:15:54 - By Jake Kyle

Now might be the ideal time to invest in UK property, according to one industry expert. Frank Crowley managing director of Azure Overseas said:"Most people who are investing in property right now are doing

Read More…

Growing UK Property Auction Scene Helps First-Time Buyers

Posted:2009-01-26 22:21:29 - By Liam Bailey

Because selling UK property has become very difficult lately, more and more properties are being sold at auction. While this is often not ideal for the seller, it does present buyers with the opportunity

Read More…

UK Property Downturn Costs More Jobs

Posted:2009-01-26 16:21:40 - By Emma Louise Bailey

Massive job cuts are expected in the UK building industry in the first half of 2009, from small to medium sized firms. Half the members of the Federation of Master Builders admitted reluctantly making

Read More…

Scottish Rental Market Slowing?

Posted:2009-01-25 17:16:05 - By Write About Property

A new study suggests that the rental market in Scotland is slowing. The latest Citylets quarterly report showed that one bedroom flats in Scotland's major cities are taking up to nine days longer to be

Read More…

UK Recession Becomes Official: Bad News for UKProperty

Posted:2009-01-23 14:51:00 - By Write About Property: Press Releases | Media Relations and SEO Services

The UK Chancellor Alistair darling today admitted that the UK recession is deeper than the government had expected, but urged consumers and businesses to give his policies time to work. The release of

Read More…

UK Properties Snapped Up by Opportunistic Investors

Posted:2009-01-22 14:12:22 - By Write About Property

Research by Allsop and Essential information group has found that almost two-thirds of residential UK properties bought in the fourth quarter of 2008 were bought as investment rather than to live in. The

Read More…
Subscribe by Email

Enter your email address:

Delivered by FeedBurner

By Rss
feed icon

Sponsors



Socialise with Us

Facebook fan page

Links

Latest Press Releases

Alanya Airport Welcomes Borajet, Potentially Boosting Property Market

Long-Awaited Gazipasa Airport to Boost Alanya Property Market

Private Tenants Demand More Landlord Information

New EasyJet Flights to Boost Antalya Property Market

UK Landlords are Becoming More Confident

Spot Blue Records Traffic Growth H2 2009, Backing Positive Air Travel Data

New Low Cost Flights to Boost Turkish Property Market

£700,000 Greek Property Sold - British Appetite for Overseas Property Returns

Turkish Property Agent Spot Blue Announces Developer Checks

Calabria Property: No Price Drops but Bargains to be found

Sponsored Links