House Prices
RICS: Land Registry May house price data
Commenting on the Land Registry figures, Simon Rubinsohn, RICS chief economist: "More evidence that the housing market is stabilising is visible in the latest figures from the Land Registry. Completed transactions have settled down at just over 30,000 per month, roughly a quarter of the long run average.
May annual house price rate gradually eases
The rate of decline in annual house prices is easing in England and Wales, according to latest figures from Land Registry.
Gap between property asking and selling prices reduces
The majority of surveyors (almost 60 percent) are now reporting that the gap between asking and selling price is narrowing says latest RICS research. In contrast, last August results of the same survey revealed that the gap was widening.
RICS: May Halifax house price data
Commenting on the latest survey from Halifax which shows that house prices rose by 2.6% in May Simon Rubinsohn, RICS chief economist said: "This is only the third monthly increase in prices over the past twenty-one months.
House prices up 2.6% in May
House prices increased by 2.6% in May, according to the Halifax House Price Index. This increase followed three successive monthly declines of between 1.8% and 2.3%.
April annual house price fall remains static
According to the latest figures from Land Registry, annual house prices in England and Wales fell by 16.2 per cent in April, taking the average house price to £152,898. This mirrors the annual house price fall in March.
NAEA: Nationwide May house prices
Following Nationwide's announcement about the increase in house prices, Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA) said: "It is too early to talk of a recovered housing market, but our own figures certainly demonstrate an upturn in activity over the past few months.
RICS: Nationwide May house price index
Commenting on the Nationwide house price index, Simon Rubinsohn, RICS chief economist says:
Are UK house prices close to a trough?
Simon Ward, Chief economist at Henderson Global Investors asks: Are UK house prices close to a trough?
House prices rose by 1.2% in May
The price of a typical house rose by 1.2% in May, providing further evidence of some improvement in housing market conditions over the last few months, according to the Nationwide Building Society.
Brits over-estimate value of homes by more than £35,000
When it comes to valuing their homes, British homeowners are in danger of over-estimating prices by as much as £35,000 or more, according to research from Abbey Mortgages.
Scottish house prices fall while house sales begin to rise
Scottish house prices have continued to fall in the latest quarter, according to the Scottish House Price Monitor from Lloyds TSB Scotland.
House prices not at the bottom
The average UK broker believes house prices have 9.2% further to fall, according to Exact’s latest white paper. Exact polled 539 mortgage intermediaries as part of their research into the future performance of UK house prices.
House enquiries and sales continue to pick up
Sales in April edged up a little further, albeit from historically low levels, while the net balance of surveyors reporting a rise in new buyer enquires climbed to the highest figure for almost a decade, says RICS' latest UK housing market survey.
House prices fell 1.7% in April
House prices declined by 1.7% in April, according to the Halifax House Price Index. This was slightly less than the 1.9% fall in March. The UK average price has returned to where it was five years' ago in April 2004 (£154,511).