House prices jumped £4,500 in July as lockdown buyers hit the market but Nationwide warns of a ‘false dawn’ House prices bounced back in July, reports Britain’s biggest building society Nationwide said level of activity in the property market is better than expected But it warns ‘there is a risk this proves to be something … Read more
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
House prices have only ever been as expensive as they are now compared to wages twice in the past 120 years. That one of those occasions was at the peak of the 2000s property boom will come as no great shock, but that the other was around the start of the 20th century might be … 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
House prices may fall by as much as 20% in the worst case scenario for a virus-hit property market, warn analysts The stock market is already pricing in a 12% fall in house prices, say analysts That would knock £28,000 off the average £234,700 selling price A fall of 20 per cent would knock £46,900 … 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