London house prices continue to fall as cooling property market spurs rush to sell August 18, 2014 London house prices are falling for a third month in a row, according to a major property site, the latest sign of a groundswell of sellers flooding the market. New selling prices dropped 5.9 per cent between July and August, according to Rightmove. Although prices are still 10.3 per cent higher than in the [...]
London house prices: Housing market cools in capital with July sales drop and slower growth forecast August 14, 2014 London house sales dropped last month as the market cooled, calming fears of a housing bubble in the capital- a trend that’s expected to continue over the next 12 months. The data from the Royal Institution of Chartered Surveyors suggest the market is “going into reverse”, as sales fell for the third month in a [...]
As London house prices show signs of cooling, are fears of a bubble overplayed? August 12, 2014 Rob Wood, chief UK economist at Berenberg Bank, says Yes. Rapid rises in house prices would be a threat if they turned into an uncontrollable bubble accompanied by a rapid debt build-up. So it is good news that London house price inflation seems to be slowing down. And that slowdown has its roots in action [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
Mortgage approvals for first-time buyers rise as UK house price growth slows August 11, 2014 Mortgage lending is still being dominated by customers looking to buy houses rather than remortgage, and first-time buyers are on the up. According to the Council of Mortgage Lenders (CML) total gross lending for June was up six per cent on May and 20 per cent up on June 2013, totalling £17.9bn. £4.2bn of that [...]
As UK house prices soar, sales hit highs last seen in boom years August 8, 2014 Housing sales are back at levels last seen at the hight of the boom in 2007, LSL Property Services said today. Prices have been surging over the past two years, particularly in London. And the number of sales has now caught up with the booming demand for property. In July, 90,000 homes were sold in [...]
UK house prices surging despite new regulation August 6, 2014 UK house prices rose at the fastest pace in seven years during July, up by more than a tenth, according to figures released by Halifax yesterday. The bank said that house prices had risen by 10.2 per cent over the 12 month period. The figures fly in the face of others indices, which indicate that house [...]
UK house prices up 10.2 per cent – five graphs that show the rise August 6, 2014 Are they up or are they down? Halifax has released its latest house price figures which show a 10.2 per cent annual change and a 1.4 per cent rise in the last month, beating expectations. There has been a lot of speculation that the market is slowing, in part due to measures to regulate mortgage [...]
Recovery at risk as London house price boom outstrips wage growth, warns Moody’s August 5, 2014 Britain’s banking recovery is at risk from a housing crash, analysts warned yesterday – and that could throw the whole economy off track. The 17 per cent boom in London house prices is far outstripping wage growth, credit ratings agency Moody’s warned, and could come grinding to a halt. Rising interest rates could hit some [...]
London house prices up 25.8 per cent in a year: How do other UK regions compare? July 31, 2014 Yet another report, this time from Nationwide, has shown that London house prices have soared in the last twelve months. Growth is slowing, however, and the latest figures show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase and lower than the [...]
