House Prices
Country house market enters 2007 with a bang
Prices of country houses grew by an average of 3.1% in the first quarter of the year leading to an annualised price growth of 12.4% for manor houses, the highest rate since 2000, according to the latest Knight Frank Prime Country House Index.
Record monthly price growth in Prime Central London
Prime London property prices increased by 3.1% in the month of March, the highest monthly rate of growth on record, leading to an annual price growth of an astonishing 32.0%, according to the latest Knight Frank Prime Central London Index.
UK house prices bounce back
House prices bounced back as the market absorbed the first round of interest rate rises, says the latest RICS’ UK housing market survey.
UK house prices rise 1% in March
House prices rose by 1.0% in March, the second smallest monthly increase since August 2006, according to the latest Halifax House Price Index.
UK house price inflation rises to 9.5%
Annual house price inflation rose to 9.5 per cent during the first quarter of 2007, according to the Nationwide Building Society. The price of a typical house now stands at £175,554.
New house price gap narrows
The gap between the average price of new homes sold in Scotland and England has narrowed to just one per cent, according to figures released by NHBC, the new home warranty and insurance provider in the UK.
Strong house price growth in February 2007
February data from the Land Registry shows a further house price gain, with an annual increase of 8.5 per cent. The monthly change in house prices of 1.0 per cent raises the average house price to £177,099 in February 2007.
UK house price growth slows in March
The housing market showed further signs of cooling during March. The price of a typical house increased by 0.4% during the month, bringing the annual rate of house price inflation back into single digits at 9.3%, according to the Nationwide Building Society.
Scottish house prices forecast to rise by 10%
Knight Frank residential property sales in Scotland are already ahead of first quarter sales over the equivalent period last year, and every indication is that house prices in Scotland will still increase at 9 – 10% for the next 9 months ahead of a UK average forecast of 6%, according to agents Knight Frank.
New home prices fall
The average price of a new home has taken a fall over the last year, down 1.3%, reflecting the increasing volume of more affordable new homes in the north of the UK, according to smartnewhomes.com.
Third of detached homes above IHT threshold
Halifax calculates that nearly one third of detached property owners in the UK could be liable to pay inheritance tax. 29% of detached house prices now occur above the 2007/08 inheritance tax (IHT) threshold of £300,000. Five years ago only 16% of detached properties were sold above the then IHT threshold of £242,000.
Prime central London prices rise at fastest rate in 28 years
Latest results from Knight Frank’s Prime Central London House Price Index reveal the strongest rate of price growth in 28 years, with prices climbing 31.0% in the year to February.
House prices slow as affordability worsens
House price rises have slowed to the slowest pace since last May as interest rate hikes have worsened buyer affordability, says the latest RICS UK housing market survey.
House prices surge in January
The mix-adjusted average house price in the UK in January 2007 stood at £205,286, up from £201,090 in December 2006, according to figures from the Department for Communities and Local Government (DCLG).
Terraced houses see biggest price rises
Over the last five and ten years house price increases in the UK have been greatest for terraced houses, according to research by Halifax Estate Agents.