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Archive for the ‘Property News’ CategoryDCLG: house prices down in July5 Comments
[ Property News ]
New figures from the Department for Communities and Local Government (DCLG) show the average UK house price falling by 0.3% in July, with the annual rate of inflation slowing to 8.4%, compared with 9.9% in June. On a country basis, annual house price rises were evident in England 9.0%; Scotland 3.7% and Wales 10.1%, while [...] Asking prices down for 3rd straight month, say Rightmove[ Property News ]
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September – the third consecutively monthly fall. It follows falls [...] US housing starts jump, building permits up[ Property News ]
There was some good news from the US housing market today after the Commerce Department revealed housing starts jumped in August to a four-month high. According to the Commerce Department, construction of new US homes rose 10.5% last month to a seasonally adjusted annual rate of 598,000 units – beating analysts expectations of 550,000. In [...] Land Registry: house prices up 0.3%[ Property News ]
The Land Registry’s latest house price index shows the average cost of a home in England and Wales rising by 0.3% in August. Having seen the fifth consecutive monthly increase, the value of the average home stood at £167,423, although on an annual basis the typical house price gain fell slightly compared with July, to [...] Halifax names property hotspots[ Property News ]
Ilford in Essex is the leading property sales hotspot in England and Wales, with an 85% rise in the number of homes sold in the first half of 2010, compared with the same period of 2009. Research from Halifax has identified Croydon and Maidenhead as the runners up, with sales rising 73% and 71% respectively. [...] House prices slip 0.4%[ Property News ]
Hometrack recorded a 0.4% fall in house prices across England and Wales in September, as buyer demand slid by 2.9%. The average amount of time needed to sell a property increased to 9.3 weeks, up from 8.9 weeks in August. The South West posted the largest monthly decline, at 0.6%, followed by -0.5% in the [...] Cash-poor Brits[ Property News ]
‘boosting equity release uptake’. Freeing up money tied up in property by taking out an equity release mortgage is becoming more popular, according to a leading financial advisor. The rise in the number of people opting for this financial product has been attributed to the “property-rich, cash-poor” lifestyle many Brits are enjoying at the moment, [...] House Prices Could Fall In 2010[ Property News ]
James Thomas, Head of Residential Development and Investment at Jones Lang LaSalle, commented: “Whilst there is evidence to suggest the UK economy is in recovery mode there remain question marks about the depth and sustainability as well as how the public finances can be repaired, quite possibly under a new government. “The recent pick up [...] Google set to enter UK property market[ Property News ]
Google is in talks with British estate agents to launch an online property portal, which experts say could pose a serious threat to existing property websites and local newspapers. The giant US internet search company launched a property portal in Australia last August through which estate agents list properties for free, showing both pictures taken [...] |