House Prices
UK house prices fall 1.3% in January
The price of a typical house fell by a further 1.3% in January, as the deepening economic recession and financial market turbulence continued to weigh on housing market sentiment and activity, according to the Nationwide Building Society.
New home year-end price freeze
The average price of a new home recorded only a marginal monthly decline in December, falling to £226,409 – down less than 0.05% since November, according to smartnewhomes.com.
House prices fell 8.6% in a year
The UK average house price fell by 8.6 per cent in the year to November 2008, compared with a fall of 7.4 per cent in the year to October 2008, according to the Communities and Local Government (CLG).
Price low and create footfall to secure a sale
The secret to selling in the current market is to focus on creating footfall in a property by pricing low to start with, says Cluttons, often resulting in a higher than expected final sale price.
Prime central London property prices continue to fall
Prices for the best properties in prime central London fell a further 2.2% in December 2008, according to the Knight Frank Prime Central London Index.
Latest house price fall not all bad news
Jonathan Turpin, Chief Executive of Moveme.com, responds to the latest Nationwide House Price Index: “Despite reports of annual house price falls now pushing 16%, it’s not all bad news for homebuyers.
SmartNewHomes.com: Nationwide December house price figures
David Bexon, Managing Director of SmartNewHomes.com, comments in response to the latest Nationwide house price figures: “While the re-sale market recorded a sharp fall in house prices in December, the new homes market remained static.
Prime country house market approaching bottom of downturn
Prices for prime country houses fell, on average, by 16% during 2008, with a fall of 9% in the final three months of the year, according to the Knight Frank Prime Country House Index.
House prices fall by 15.9% in 2008
The price of a typical house fell by 2.5% in December, according to the Nationwide Building Society. This brings the annual rate of fall over the last twelve months to 15.9%.
House prices fall 2.2% in December
House prices nationally declined by 5.2% in Quarter 4. This was similar to the decreases recorded in the two previous quarters (-5.6% in Quarter 3 and -5.1% in Quarter 2), suggesting that the underlying rate of decline may be stabilising.
House prices drop 1.9% in November
House prices in England and Wales fell by 1.9 per cent in November and 12.2% annually, according to latest figures from Land Registry.
Bounce in house prices could be as steep as fall
The next 12 months could make or break the UK housing market, according to the National Association of Estate Agents.
House prices to remain depressed in 2009
House prices look set to fall further in 2009, resulting in a peak to trough price decline of at least 25 percent, according to the latest RICS' housing market forecast.
House prices continue to plummet - but finally signs of hope
House prices across the UK plummeted in November, according to the monthly market report from the National Association of Estate Agents (NAEA).
New home prices nearing re-sale prices
The average price of a new home fell for a sixth consecutive month in November, taking new home prices to £226,517 – down 2.5% since October, according to smartnewhomes.com.