House Prices
Your home was "best before" April 2004
In January, Fool.co.uk predicted that house prices would fall 20% this year slashing the average price of a home in Britain from £196,000 to £153,400. We still maintain that property values will revert to mean.
Economic factors underpinning housing market are still strong
Following the release of the RICS housing market survey, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA) called for steadiness amongst property market professionals and said that there are still strong economic factors underpinning the market that have not changed and that there is some good news.
Sentiment reaches historical low
The balance of Chartered Surveyors reporting house prices falls increased to an historical low in March.
Prime country house market shows weaker performance
The country house sector showed negative price growth for the second consecutive quarter, with prices falling 0.2% in the three months to the end of March, according to the Knight Frank Prime Country House Index.
Prepare for more house price falls
David Kuo, Head of Personal Finance at Fool.co.uk, says: “The abrupt monthly fall of 2.5% underlines Fool.co.uk’s position that the long overdue correction in house prices could see the value of the average home drop by as much as 20% this year.
RICS: Halifax March house price data
Commenting on the Halifax house price data, Simon Rubinsohn, RICS chief economist said: "The sharp fall in the Halifax house price index in March highlights the growing pressure on the residential market as lenders continue to scale back their activity in the market.
UK house prices fall 2.5% in March
House prices fell by 2.5% in March, prices in Quarter 1 were 1.0% lower than in 2007 Quarter 4, according to the latest Halifax House Price Index. House prices in March were 1.1% higher than a year earlier.
No price change in weaker housing market
House prices in England and Wales remained static during February, with no monthly price change, according to the latest figures from Land Registry. The average house price stands at £185,616.
RICS: Nationwide March house price data
Commenting on Nationwide house price data, Simon Rubinsohn, RICS chief economist said: "The fifth consecutive monthly drop in house prices is indicative of the shift in sentiment towards the property market.
No bounce in house prices this Easter
House prices fell for the fifth consecutive month in March. The price of a typical house fell by 0.6% during the month, bringing the annual rate of house price growth down to 1.1% - its lowest rate since March 1996, according to figures from the Nationwide Building Society.
Merthyr Tydfil records highest property price growth per m2
Properties in Merthyr Tydfil have recorded the largest gain in average price per square metre (m²) over the past five years, according to research from Halifax Estate Agents.
Housing stocks rise as sentiment drops
The balance of Chartered Surveyors reporting house prices falls increased to near historical levels in February and stock piles rose to levels not seen for a decade, says the latest RICS’ UK housing market survey.
Halifax: House prices fall 0.3% in February
House prices fell by 0.3% in February, prices in the three months to February were 0.2% higher than in the previous quarter, according to the Halifax house Price Index.
RICS: Nationwide February house price data
Commenting on the Nationwide house price data, Simon Rubinsohn, RICS chief economist said: "The index compiled by the Nationwide Building Society has declined for four consecutive months and we expect this trend to persist for a while to come.
UK house prices fall 0.5% in February
UK house prices fell by 0.5% during February, bringing the annual rate of house price growth down to 2.7%, according to the Nationwide Building Society.