Property News

According to Morgan Stanley House prices may fall 10 percent next year as banks tighten lending standards and economic growth slows. Home values could also fall in 2009, Morgan Stanley said in a report by its equity strategy team in ...

According to credit rating agency Fitch, UK house prices are at least 20% overvalued compared with their long term average."Fitch judges how risky debt is" Fitch looked at how house prices have raced away from incomes over the past decade. ...

The monthly rate of house price growth halved over June with average prices rising by +0.3% compared to +0.6% in May and a recent high of +0.8% in March 2007. The annual rate of house price growth also slowed to ...

According to Email For Property, Oxford has the highest priced properties in the country outside of London.Currently standing at £307,000, the average house price in Oxford far exceeds the national average, exceeding the latest figures published by the Department for ...

According to Moneyextra the average property values prices fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February’s £222,9231.Property values ...

According to Halifax for the first time, there are now no towns in the UK where the average price is below £100,000. Five years ago, there were more than 210 towns with an average price below £100,000. Lochgelly in Fife ...

Last week’s inflation data surprised everyone with the headline inflation rate rising to above the 3% level in March for the first time since 1992. As the current inflation rate is more than 1% above the target of 2%, Bank ...

House prices in England and Wales continued to rise at a significant rate during the month ending April 7th, according to a new report.Average asking prices rose by 3.6% (£8,307) last month, the highest monthly percentage increase recorded since April ...

Fears that interest rates could rise next month have led a record proportion of first-time buyers to opt for a fixed-rate mortgage, according to new data from the CML. Data for February showed that 87% of first-time buyers chose a ...

A survey conducted by The NAEA revealed that a significant 40% of their members noticed a downturn in activity in the residential housing market as a direct response to the January interest rate rise. The NAEA is advising the Bank ...

Central London properties that were worth £1mn at the beginning of this year have soared in value by £900 a day.Owners of properties worth £5mn have seen a daily increase of £6,500, while for those in the  £10mn-plus bracket the ...

A huge generational wealth gap is opening up in Britain, with people aged under 34 faring the worst because they can't get on the property ladder. A report by the Bank of England says that older people have seen their ...

The prospect of higher interest rates has led a record number of first-time buyers to opt for a fixed-rate mortgage, according to a new survey. The data reveals that 85% of first-time buyers chose a fixed-rate deal in January - ...

Priced out of the UK: 40% of young people looking abroad to get on the property ladder. New figures reveal the emergence of BARBies (Buying Abroad, Renting in Britain) High property prices in the UK, a fear of rising interest rates ...

HOMEOWNERS were given a boost yesterday when policymakers at the Bank of England voted to keep interest rates at 5.25%.The no-change decision had been widely expected, although economists said a rate rise was still likely in the coming months, possibly ...

Home owners saw their property values rise by 1.8% in February, according to the Halifax mortgage lender.That leaves the average home costing £192,233.House prices increased by 1.8% in February. The annual rate of house price inflation is unchanged at 9.9% ...

Rising property prices have led to about one fifth of consumers being forced to pay stamp duty at a higher-than-standard rate, new figures reveal.According to a study by Halifax, some 19 per cent of homes in England and Wales are ...

House price rises picked up by 0.7% in February after a gain of 0.3% in January, according to the Nationwide.The building society put this down to a shortage of properties for sale and solid buy-to-let interest supported prices.The latest figures ...

Halifax reported that prices rose by 1.3% in January, keeping the annual rate of house price inflation at about 10%. According to the Halifax, the average house price is now £188,623. Meanwhile, the Land Registry said that houses prices in ...

British homeowners are paying a high price for inviting unqualified tradespeople into their home as they shell out millions to rectify botched jobs.Every year 1.1 million homeowners spend £181 million to fix work carried out by tradespeople without the correct ...

UK house price growth accelerated strongly during November, suggesting that the housing market remains very buoyant despite two recent interest rate rises by the Bank of England, a survey by the UK's largest building society showed. Nationwide said house prices ...

Nationwide today predicted that house prices would rise by 5-6% in 2007. Nationwide also said it expected prices to end this year up 8%. That was an upwards revision of its forecast in August that they would rise 5% this year, ...

Banks in the UK have been ordered by financial regulators to assess how they would cope in the event of house prices crashing by 40 per cent. The instruction to include a housing slump scenario in their stress-testing models comes after ...

LONDON: House prices in Britain rose 0.7 per cent in October, for the eighth consecutive month, according to a report by Nationwide Building Society. However, the annual rate of increase declined slightly to 8 per cent. The increase further underlines the ...

The Bank of England is all set to increase the interest rates by 0.25 percent later today following a lunchtime meeting between its executives. Interest rates are expected to rise to 5 percent, for the first time in five years. Analysts ...

House prices in East Anglia have trebled during the past decade - making the region one of the highest growth areas in the UK. The average home in East Anglia now costs £116,193 more than it did in 1996, according to ...

Central London house prices have rocketed 404% over 20 years, research by top-end London property specialists Knight Frank reveals. In a survey looking at prices from 1986 - when the City reforms saw banks merging their services with brokers and ...

SYDNEY Macquarie Bank, Australia's largest securities firm, said Tuesday that it would lead a group in buying Thames Water, a subsidiary of RWE, for £4.8 billion, or $8.9 billion, including debt, the third acquisition of a British water utility this ...

According to data released by Nationwide, house price inflation grew to an annual rate of 8.2 per cent in September; first time buyers now face an average house price of £169,413. September's figures represent an increased of 1.3 per cent from ...

According to the Halifax, the UK's biggest mortgage lender house prices rose by 1% in September and are increasing at an annual rate of 8% This is the second month in a row that house prices have shown a strong rise, ...

Ministers have ordered an urgent review of the home sellers' pack scheme after warnings it could leave the housing market in crisis. Consultants have been called in to salvage the scheme, in which sellers face paying £1,000 to produce a dossier ...

Clayton Court will provide a choice of 212 properties offering traditionally styled homes alongside more contemporary properties. These range from one bedroom apartments which are ideal for first-time buyers trying to get a foot on the housing ladder, to spacious ...

Property News1 June 2006 The latest Buy-to-Let Index from Paragon Mortgages shows a renewed pick-up in the prices at which investor landlords buy properties. Nationally, property prices rose by 1.99%, with larger rises in some regions. John Heron, Paragon Mortgages’ managing director, ...