House Prices
Increased seller confidence leads to rising stock levels
The number of properties for sale in the UK has risen for the fifth month in a row, with stock levels now 145% higher than in January 2008. The supply of properties on the market is a third (35%) higher than in January and in the month post election, 9% more properties have been put up for sale.
House prices increased by 0.5% in May
The price of a typical UK property rose by 0.5%, following a 1.1% increase in April, according to the Nationwide Building Society.
April house prices up 0.2 per cent
House prices rose 0.2 per cent in April, according to the Land Registry House Price Index. The average house price in England and Wales now stands at £165,596.
Withernsea most affordable seaside town in England & Wales
Withernsea is the most affordable seaside town in England and Wales, according to the Halifax Seaside Town Review. House prices in the East Riding of Yorkshire resort are, on average, 3.0 times local annual gross average earnings. All ten most affordable seaside towns are in northern England.
Bedford house prices rising faster than national average
Storey Homes highlights house prices in Bedford are increasing faster than the national average according to a recent poll. The cost of the average house in the town has risen by 14 percent in the last year, compared to the UK average of six per cent.
Landlords’ portfolio values on the rise
The general improvement in UK house prices is reflected in the value of residential property investors' portfolios, research from Paragon Mortgages has revealed. Paragon's Trends research shows that the average value of landlords' portfolios jumped 6.1% during the first three months of 2010 to £1.52 million.
Residential development land values increase
Average residential land prices in England rose by 11.5% in the 12 months to the end of March 2010, the strongest rate of growth since the first quarter of 200, according to the Knight Frank Residential Development Land Index.
March house prices up, says government
UK house prices were 9.7 per cent higher than in March 2009 and 0.7 per cent higher than in February 2010, according to the according to the Department of Communities and Local Government (CLG).
UK house prices up, but what future for international buyers?
The UK market has maintained its complex pattern of growth with news from the Nationwide Building Society recently that house prices rose on average by 10.5% over the last 12 months to April 2010, the first time double digit growth has been seen in the UK housing market on an annual basis for three years.
House prices remain flat in April
House prices were broadly flat in April, declining by just 0.1%, according to the latest Halifax House Price Index. This followed a 1.0% increase in March.
Dodgy DIY improvements damage house values
The recession has driven many UK homeowners to take on complex home improvements themselves, in a bid to increase the value of their home.
Land Registry - March house prices down 0.6 per cent
The March data from Land Registry's flagship House Price Index shows an annual price increase of 7.5 per cent which takes the average property value in England and Wales to £164,288.
House prices increased by 1 per cent in April
The price of a typical UK property rose by 1% in April, leaving house prices 10.5% higher than a year earlier, according to the Nationwide Building Society House Price Index.
Creating ideal home more important than increasing value
Seventy four per cent of homeowners who dream of improving their property want to create the ideal home rather than increase its value, new research reveals.
House price rises slow
Surveyors recorded the highest reading of vendor activity since May 2007 - the month before the introduction of HIPS - whilst the rate of house price rises slowed, says the latest RICS UK Housing Market.