House Prices
Property transactions fall further
The balance of Chartered Surveyors reporting house price falls decreased slightly in May but the average number of transactions per surveyor fell further, says the latest RICS' UK housing market.
London prices fall as crunch tightens, but top-end holds firm
Prices for prime central London residential property fell by 1.5% in May - the fastest rate of decline since the early 1990s, according to the Knight Frank Prime Central London Index.
House prices fell 2.4% in May
House prices fell by 2.4% in May, according to the latest Halifax House Price Index. Prices were 3.8% lower on an annual basis.
House prices fall for eighth month in a row
Annual house prices in England and Wales decreased from 3.6 per cent in March to 2.7 per cent in April, taking the average to £183,626, according to the latest figures from Land Registry.
RICS: Nationwide May house price figures
Commenting on Nationwide house price figures, David Stubbs, RICS senior economist said: "The difficulties in the mortgage market are stretching accessibility and threaten to reduce transaction levels by 40% this year.
National picture doesn't tell the whole story, says NAEA
Following the release of the Nationwide house price index today, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), said:
House price falls accelerate in May
House prices fell by 2.5% during May, the largest recorded monthly fall since 1991, according to the Nationwide Building Society.
Surveyors report further falls in house prices
The balance of Chartered Surveyors reporting house price falls increased even further but tight supply is limiting the extent of the decline, says RICS’ UK housing market survey.
First time buyer property values slump
First time buyers are forcing down property values, according to independent financial website Moneyextra.com.
Property in prime central London weakens further
Prices for housing in prime central London housing market remained unchanged in April with a barely discernable growth rate of 0.1%, according to Knight Frank.
House prices drop 1.3% in April
House prices fell by 1.3% in April and prices were 0.9% lower on an annual basis, according to the Halifax House Price Index.
NAEA says there are still regional differences
Following the release of the Halifax house price index, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), said: "Whilst the report shows a modest decline in prices, this is a small proportion of the substantial prices in recent years.
RICS: Nationwide April house price figures
The latest figures by Nationwide Building Society confirms the softer tone to the residential property market, Simon Rubinsohn, RICS chief economist comments: The scaling back of loan to value ratio by lenders is depressing turnover in the market and is making it particularly difficult for first time buyers to take their first step on to the property ladder.
NAEA calls for calm over Nationwide house price report
Following the release of the Nationwide report Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP) said: "This needs to be put into context.
UK house prices fall 1.1%
April was another difficult month for the housing market. Falling levels of market activity meant that prices fell by 1.1% during the month and ended up 1% lower than this time last year, according to the Nationwide Building Society.