Property sales will slump more than previously expected and remain subdued into next year, estate agent Savills has warned, as it issued new house price forecasts. Savills said it expected UK house prices to fall by about 7.5 per cent this year across the UK, with property values recovering at different rates of growth. While … Read more
Homes in three Northern towns have fallen in value over the past decade, while in some parts of London prices have doubled compared to 2010, new analysis shows. House prices in Hartlepool, Redcar & Cleveland and Blackpool are lower than they were ten years ago. But all of the ten areas where house prices have … Read more
House prices ‘unexpectedly’ increased in April despite the coronavirus lockdown, fresh figures from Nationwide suggest. The figures came a day after Britain’s biggest mortgage lender Lloyds revealed that it expected house prices to fall 5 per cent this year – and modelled a worst case scenario of a 10 per cent drop in its results. … Read more
House prices have risen across the country for the first time in 18 months amid a surge in confidence among buyers and sellers following the Tory election triumph. There has been ‘a noticeable pick-up’ in the housing market since Boris Johnson defeated Labour’s Jeremy Corbyn in December, the Royal Institution of Chartered Surveyors said. But … Read more
What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more
Confident house sellers are attempting to reap the rewards of a ‘Boris Bounce’ as they push average property asking prices back to near their all-time high. The average newly-listed home price rose £2,589 in the month to mid-February, or 0.8 per cent, to £309,399 – just £40 below the previous record high reached in June 2018. … Read more
The housing market continued to show signs of improvement in February, but coronavirus could dent the nascent recovery, Halifax said today. House prices rose 2.8 per cent in the year to February, with the average property gaining £6,443 annually to reach a new record high of £240,677, according to Britain’s biggest mortgage lender. That marks a … Read more
House prices rise at the fastest pace for 18 months, but agents fear a UK coronavirus outbreak could stall the recovery House price inflation rises to 2.3% as average price reaches £216,092 Property market picked up before the election and bounced in New Year But agents warn coronavirus could keep house hunters at home Estate … Read more