House Prices
Scottish house purchases fall but prices ease upwards
Scottish house prices continue to increase at a modest rate but the volumes of transactions has fallen by 27 per cent, according to the latest Scottish House Price Monitor from Lloyds TSB Scotland.
UK house prices fall 1.7% in July
House prices fell by 1.7% in July, according to the Halifax House Price Index. This was smaller than the falls in both the previous two months - May (-2.5%) and June (-1.9%).
Prime central London property prices fall 1.6%
Prices for prime central London residential property have fell by 1.6% in July, the third consecutive month of price falls, according to the Knight Frank Prime Central London Index.
House price falls continue in July
The price of a typical house fell by 1.7% in July, bringing the annual fall to 8.1%, according to the Nationwide Building Society. This brings the average price to £169,316, almost £15,000 less than this time last year and its lowest level since August 2006.
House prices inseparable from divorce
Falling house prices may result in falling rates of divorce, new data from Savills Research has shown. The slowdown in the economy has put pressure on many households, though struggling couples may choose not to divorce because they will have less equity in their property to share upon separation.
House prices fall 1% in June
Average house prices in England and Wales fell one per cent in June, taking the average price to £180,781, according to the latest figures from Land Registry.
House prices in market towns trading at a premium
Two-thirds (67%) of market towns have a higher average house price than the neighbouring towns in their county, according to the Halifax Market Town Review.
Middle Britain house prices to drop £40,000 by Christmas
Middle Britain homeowners face a ‘peak-to-trough' crash in house prices over the next six months as some £40,000 is wiped off the value of their homes before the year is out, according to a new report.
House prices fall 2% in June
UK house prices fell by 2.0% in June compared to 2.5% in May, according to the Halifax House Price Index.
House prices to stop falling within a year
The majority of estate agents (61 per cent) believe that average house prices in the UK will stop falling within 12 months, according to new research from Abbey Mortgages.
Don't just view equity negatively
As the effect of falling house prices continues to be debated, analysis from GE Money Home Lending, one of the UK's leading specialist lenders, reveals the extent to which house prices would actually have to drop for average borrowers, who purchased a property over the past 13 years, to suffer negative equity.
House prices fall 0.9% in June
House prices fell by 0.9% during June, less than half of the rate of the 2.5% fall recorded in May, according to the Nationwide Building Society.
Prime central London takes a reality check
The value of prime central London property fell by 5.5% in the second quarter of 2008. This follows two quarters of less severe falls, bringing the total fall since the peak of summer of 2007 to 9.0%.
House prices remain flat in May
Average house prices in England and Wales remained flat in May, showing no monthly change at £183,266, according to the latest figures from Land Registry.
Modest property price fall expected
Three quarters of people expect property prices to fall over the next twelve months according to the first quarterly Price Tracker survey by the Building Societies Association (BSA).