House Prices
House prices fell by 2.6% in November
House prices fell by 2.6% in November, according to the latest Halifax House Price Index.
Prime London prices continue to fall at high rate
Prime residential prices in central London fell by 3.6% in November, the second largest fall on record after the decline of 3.9% recorded in October, according to the Knight Frank Prime Central London Index.
House prices fall 10% in a year
Land Registry October data shows a continued decline in annual house price change, with a movement of -10.1 per cent. This marks the fourteenth consecutive month where annual price change has decreased in England and Wales.
RICS: Nationwide November house prices
Commenting on the Nationwide house price index, Simon Rubinsohn RICS chief economist said: "Data released this morning from the Nationwide Building Society shows an easing in the pace of decline in house prices in November.
UK house prices fall 0.4% in November
House prices fell by just 0.4% in the month compared with 1.3% in October, according to the Nationwide Building Society. This brings the annual rate of house price falls to 13.9%, down from 14.6% last month.
Most expensive streets are in Kensington and Chelsea
The Vale in Kensington and Chelsea is the most expensive residential street in Britain with an average house price of £4,677,500, according to the Halifax.
Quarterly falls as Scottish housing market quietens
Scottish house prices fell in the latest quarter, according to the latest Scottish House Price Monitor from Lloyds TSB Scotland.
All properties now victims of the credit crunch
Research by Savills shows that the credit crunch is now affecting even the best property with values down by an average of more than 10%. This is considerably more than the 2.4% falls recorded for these properties in April.
RICS: Halifax October house price data
Commenting on the Halifax house price data Simon Rubinsohn, RICS Chief Economist said: "The latest data from Halifax demonstrates the increasing pressure in the housing market.
House prices fall 2.2% in October
House prices fell by 2.2% in October and were 13.7% lower on an annual basis, according to the Halifax House Price Index.
RICS: Nationwide October house price index
Commenting on the Nationwide house price index, Oliver Gilmartin RICS senior economist said: "Tighter lending criteria may have been the protagonist driving the fall off in sales volumes over the last year to historic lows although buyers expectations and confidence appears to have played an equally important role in recent months.
Twelve months of house price falls
House prices in the UK fell for the twelfth consecutive month in October, according to the Nationwide Building Society. The price of a typical house is now 14.6% lower than at this time last year, the peak of the market.
House prices fall 2.2% in September
House prices in England and Wales fell 2.2% in September and prices were 8% lower on an annual basis, according to data from the Land Registry.
Prime country prices outperform the mainstream market
Prime country sales have outperformed the mainstream market by over 15% in the past year, according to data from Primelocation.com.
Property sellers unwilling to accept agent advice on prices
Current housing market attention may be focussed on falling prices, but the housing downturn has had a far more dramatic effect on the number of homes being sold, according to Knight Frank’s latest London residential review.