House Prices
Top residential properties in central London hit new heights
Residential property prices in prime central London increased by 3.1% in June, the highest monthly rate of growth since the start of the Knight Frank Prime Central London Residential index in 1976.
£2 million plus country house market benefits from competitive pricing
Figures released by Savills show continued growth in the Prime Country House Market, particularly for properties priced over £2 million. Whilst the index for all properties showed quarterly growth of 2.8%, properties worth over £2 million showed growth of 4.80% in the second quarter of 2007.
UK house price growth slowing
All UK regions see house prices grow in the second quarter of 2007, but pace of growth is slowing, according to the latest Nationwide Quarterly House Price Report.
RICS: June Halifax house price figures
Commenting on Halifax house price figures, Oliver Gilmartin, RICS senior economist said: "The softer trend in this months housing data will not prevent the MPC from raising interest rates tomorrow as the economy continues to show solid expansion with price pressures remaining a worry.
House prices up 0.4% in June
House prices increased by 0.4% in June, the second successive monthly rise of less than 0.5%, according to the latest Halifax House Price Index.
House price growth cools in Prime Central London
The quarterly rate of growth in Prime Central London now stands at 5.7%, down from 8.8% in the first quarter of this year, according to figures from Savills.
London sales continue to drive house prices in May
London's average house price for May 2007 stands at £335,658 whereas the average price for England and Wales is £180,594, increasing the index to 219.6, according to Land Registry data.
House prices increase 1.1% in June
UK house price growth bounced back in June, increasing by 1.1% during the month, according to the Nationwide Building Society.
New homes market strives ahead
The average price for a new home reached £260,832 in May - the highest average price for a new home ever recorded by the SmartNewHomes.com monthly index.
House price inflation rises 0.4%
The UK house price inflation rate rose from 10.9 per cent in March 2007 to 11.3 per cent in April 2007, according to the Communities and Local Government (CLG).
RICS: May Halifax house price figures
Commenting on today’s Halifax figures, David Stubbs, RICS senior economist said: “The housing market slowdown is now well and truly underway. With mortgage rates continuing to rise, first time buyers are finding it increasingly difficult to afford the massive mortgages they now require to get on the ladder.
UK house prices rise 0.3% in May
UK house prices increased by 0.3% in May, the smallest monthly gain this year and the third consecutive slowing in the monthly growth rate, according to the latest Halifax House Price Index.
RICS comment on Nationwide house price figures
Commenting on Nationwide house price figures, RICS senior economist Oliver Gilmartiin said: "The housing market is cooling although prices continue to rise. The full effects of recent interest rate rises are yet to be felt, with a further slow down in price rises expected into the Autumn.
UK house price growth slows
UK house prices increased by 0.5% in May, bringing the annual growth rate to 10.3%, according to the Nationwide Building Society.
House prices up 0.6% in April
House price change in England and Wales remained positive for residential property transactions that completed in April 2007, according to figures from the Land Registry.