house prices
-
Latest property news
Signs of a happier New Year? House prices and new homes registrations increase
Promising house price and new homes registration increases have been reported by the Land Registry and NHBC during the run up to Xmas.
Read More » -
Latest property news
Brexit fence sitting continues to cool house prices in London, the South and North
Continued cooling of house prices in many areas of the UK is being blamed on buyers sitting on the fence, waiting for Brexit to pass.
Read More » -
Features
Kate’s latest house price index analysis
Designs on Property tracks and summarises the property indices. Kate Faulkner says, “Many agents will have a tricky task over the coming months to encourage sellers to put their properties on the market for the right price, rather than what they think their property should achieve.”
Read More » -
Latest property news
It’s official! Land Registry house price index is the most accurate
Research boffins at the Office of National Statistics have given the Land Registry house price index their official stamp of approval.
Read More » -
Proptech
New unofficial Rightmove tool enables users to see property price reductions
A Google Chrome extension has been launched that enables house hunters to see price reductions on individual properties on the Rightmove website.
Read More » -
Latest property news
New property sales instruction rise for first time in 27 months, surveyors say
The number of new property sales instructions increased last month for the first time in more than two years, surveyors have reported, helped in part by rising buy-to-let activity. This promising news for estate agents is contained within the latest market survey from RICS, which says there a “few signs of life as houses start to come back on to the market”. Agents shouldn’t crack open the bubbly quite yet. RICS also says average stock levels per branch remain not far above recent historic lows at an average of 42.5 properties. “It therefore remains to be seen whether the increase in May truly marks the beginning of supply pressures easing,” it says. Also, nearly a fifth of member surveyors canvassed by RICS said the number of valuations they completed last month was lower than the same period last year. The institute also says that recent declines in buyer interest are beginning to ease off, and that the number of agreed sales has held steady as more surveyors report positive results, the best RICS has recorded for over a year. “Although agents are suggesting that a little more supply may have come onto the market in May, some of it from…
Read More » -
Latest property news
Is the Brexit effect on the property market beginning to wear off?
The Halifax says Declines in activity are beginning to ease off although despite high employment prices have been starting to soften.
Read More » -
Latest property news
Agents should stick to lettings and selling flats, suggests Nationwide research
Estate agents should focus on both the lettings sector and selling apartments, according to Nationwide, as the overall sales market continues to show few signs of revival. The comments are published in its latest house price index covering May’s housing market. Overall it reveals a continuing “trickle” of properties coming on to the market and subdued buyer interest. The average house price now stands at £213,600, a 2.4% increase on the same time last year, the index shows. “Subdued economic activity and ongoing pressure on household budgets is likely to continue to exert a modest drag on housing market activity and house price growth this year, though borrowing costs are likely to remain low,” says Robert Gardner, Nationwide’s Chief Economist (pictured). “Overall, we continue to expect house prices to rise by around 1% over the course of 2018.” But several trends picked up by Nationwide should make interesting reading for agents. The UK’s rental sector is to continue expanding despite increased taxes for landlords helping persuade more of them to quit the market over the past year, it says, and that apartments are set to represent an ever greater proportion of the nation’s housing stock. Nationwide’s research confirms that the…
Read More » -
Latest property news
All rise: haart reports February market surge
Instructions, viewings, transactions, new buyers, house prices, rents, new tenants and purchasing landlords all rose in February 2018, with 15 buyers chasing every property for sale.
Read More » -
Latest property news
Stamp Duty changes to blame for 14% dip in property sales volumes says Your Move
The changes to Stamp Duty ushered in by George Osborne in 2014 have reduced property sales in London and the South by up to 30%, analysis of Land Registry data has revealed. The number of homes sold each year has plummeted by nearly a third in London and by 20% in the South over the past two years, according to the monthly Your Move/Acadata house price index, although the sales volume reduction has been less acute nationally, at 14%. These figures are also very different across the UK. For example, in the northern regions the volume reduction is just 11% while in Wales the number of homes sold increased by 2%. “The slowdown in London can now also be seen in the South East. Time will tell if the rest of England and Wales remains resilient,” says Oliver Blake (pictured, left), Managing Director of Your Move. His company’s index reveals one silver lining and potentially brighter times ahead for agents. The Christmas/NY shutdown for 2017/18 did not depress sales volumes as much as it usually does during the festive season. “We estimate that the number of housing transactions [during] January 2018 in England and Wales at 64,000, down by 15%…
Read More »
