House Prices
Number of property millionaires hit hard by downturn
The number of million pound properties in the UK has shrunk by 35% over the past two years, despite the recent upturn in property values, according to Zoopla.co.uk, the UK’s leading house price resource.
Value of country homes back in growth
“The ripple effect of buyer demand is beginning to filter out from London into prime regional markets across the UK”, says Lucian Cook, director of residential research at property adviser Savills.
Central London property back in vogue
Believing that the worst of the downturn has passed, top-end buyers with collateral are returning to the Prime Central London property market to snap up desirable homes at the readjusted prices before they climb too far back up again, according to Primelocation.com.
Lack of supply pushing up property prices
A lack of supply is still underpinning the house price recovery says latest RICS UK housing market survey. Significantly, the headline RICS house price balance recorded the highest figure since the onset of the credit crunch.
House prices rise 1.6 per cent
House prices rose by 1.6% in September, according to the Halifax House Price Index. This was the third consecutive monthly increase and the fifth so far in 2009.
All UK regions see house prices rise in third quarter
House prices rose in all regions during the third quarter of 2009, according to the Nationwide Building Society.
UK house prices rise in September
House prices rose by 0.9% in September, the fifth consecutive monthly increase, according to the Nationwide Building Society.
Prime country house prices rise
Prime country house prices rose on average by almost 1% in the third quarter of the year - the first overall increase in the Knight Frank Prime Country House Index since autumn 2007.
Average house price fell 0.1 per cent in August
The August data from Land Registry shows a fairly flat market with a monthly house price change of -0.1 per cent. The annual drop of 9.4 per cent - up from a low of 16.3 per cent in February - takes the average house price in England and Wales to £155,968.
House price balance turns positive
The RICS house price net balance turned positive for the first time in two years says the latest RICS UK housing market survey.
UK house prices rose 1.4% in July
UK house prices were 8.3 per cent lower than in July 2008 but 1.4 per cent higher than in June 2009 (seasonally adjusted), according to the Department of Communities and Local Government (DCLG).
Rural house prices decline less than in urban areas
House prices in rural areas have fallen by less than in urban areas over the past year, according to the latest annual Halifax Rural Housing Review.
House prices increased 0.8% in August
House prices increased by 0.8% in August, according to the latest Halifax House Price Index. This was the second successive monthly rise and the fourth in the first eight months of 2009.
Brits obsessed with own and neighbours' house prices
Homeowners in Britain have always been gripped by how much their own home is worth, but are now increasingly obsessed with their neighbours' house values, according to property website Zoopla.co.uk, which provides free, instant value estimates on every UK home.
House prices in England and Wales up in July
The latest figures from Land Registry show that all regions experienced a positive monthly change in their average property values.