House prices now predicted to fall 7% this year thanks to coronavirus lockdown and much of the decline has already taken place, estate agent says By Camilla Canocchi for Thisismoney.co.uk Published: 18:09 BST, 12 May 2020 | Updated: 18:17 BST, 12 May 2020 Property prices are forecast to fall 7 per cent this year as … Read more
House prices in April 2020 were still 2.7 per cent higher compared to the same time last year despite the coronavirus outbreak, new monthly data from Halifax reveals. However, property values were down by 0.6 per cent in April compared to in March, the biggest monthly fall in two years, according to the lending giant. … Read more
Home sellers will be able to use smartphones, cameras or laptops to capture and share high-resolution photographs and video footage of their property with a chartered surveyor, under plans seen exclusively by This is Money. One company has come up with a system that allows homeowners to give chartered surveyors a virtual tour of their … Read more
The housing market could be back up and running in just a few weeks after the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely. A spokeswoman for the Royal Institute of Chartered Surveyors told This is Money that it is readying a new set of guidelines … 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
The majority of home-seekers are determined to plough ahead with their property transactions once lockdown restrictions are eased, new findings show. Ninety-four per cent of buyers and sellers surveyed in research by property website Rightmove said they want to get their property deal moving when the housing sector is taken off the leash. As lockdown … 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
The pace of house price growth seen since the start of the year had already begun to slow down in February before the market was frozen by the virus lockdown, new official data shows. While property prices have risen by an average of £2,000 to £230,000 in the last year, the monthly upturn in prices … Read more
More first-time buyers are skipping flats to leapfrog up the property ladder by buying smaller family houses Two thirds of potential first-time buyers are looking for houses rather than flats The average first-time buyer is looking for a house with three bedrooms They need average income of £54,400 to secure a mortgage on their first home … Read more