House Prices
Signs of a slowing Scottish housing market
House prices across Scotland continue to rise, but the latest quarterly figures show a very mixed picture across the country, according to the latest Lloyds TSB Scotland House Price Monitor.
House price inflation accelerates in June
UK annual house price inflation in June 2007 was 12.1 per cent, up from 10.8 per cent in May 2007, according to figures from the Communities and Local Government. Annual house price inflation in London was 17.5 per cent in June, up from 14.3 per cent in May.
UK property prices set to rise 40% in five years...time to buy? Yes!
Recent statistics published by economic analysts, Oxford Economics are predicting that house prices will rise by 40% in the next 5 years, which is good news for UK property investors.
Flat building bias causes house prices to rocket
The percentage of new houses being developed in favour of flats has fallen by 25%, reveals the latest report from CB Richard Ellis and Hamptons International.
House prices rise 0.7% in July
House prices increased by 0.7% in July, according to the latest Halifax House Price Index. This is the fourth consecutive month that house prices have grown by less than 1.0%, confirming that house price inflation is slowing.
Travel times have a major impact on property prices
House prices fall by about £1,000 for every additional minute of travel time outside the M25 on routes out of London, according to research by Savills. It also shows that commuter numbers and house prices are directly linked.
London sales drive house prices in England and Wales
House price change in England and Wales remained positive for residential property transactions that completed in June 2007.
Overseas buyers fuel country house price growth
Prices of country houses grew by an average of 3.3% in the second quarter of the year leading to an annualised price growth of 11.6% for manor houses and 10.4% for all country houses, according to the latest Knight Frank Prime Country House Index.
New home prices take a summer dip
Despite record prices reported in May, new home prices took a tumble in June, with their average price falling 0.3% since the previous month, according to SmartNewHomes.com.
Asking prices slow as rate rises bite!
Average national asking prices for homes in England and Wales rose by just 0.3% in July, the lowest monthly rise this year, according to rightmove.co.uk.
Brakes slammed on house prices in July
House prices rose by only 0.1% in July, bringing the annual rate of growth to 9.9%, according to latest figures from the Nationwide House Price Report.
RICS: Housing prices for London
Commenting on the Halifax housing figures for London, RICS senior economist, Oliver Gilmartin said: "A strong financial services sector has transformed London into a property rich ‘city state’.
Average house prices in London break £300,000 barrier
The average price in Greater London broke through the £300,000 barrier for the first time in 2007 Q2 to £313,122, according to the latest Halifax House Price Index. This takes the average price in the capital above the new inheritance tax threshold of £300,000.
Nationwide maintains house price forecast between 5-8%
Nationwide Building Society has confirmed that it stands by its original forecast that house prices will grow by around 5-8% in 2007.
UK house price inflation falls
UK annual house price inflation in May 2007 was 10.9 per cent, down from 11.3 per cent in April 2007, according to figures from the Communities and Local Government (CLG).