If you own property in the UK or are thinking of purchasing a home then knowing the current housing market trends forecast and predictions may help you understand how housing prices move, whether the bubble has burst and the property market in general.
Both the Nationwide Building Society and the Halifax publish house price data each month showing the average price of homes across the country by region. The data is based on the lending data for approved mortgages at the approval stage. The data for both is generally derived on the same calculations although there are some small variations in how these are all calculated.
The nationwide index can be found here and the halifax results are shown here as the Halifax is now part of the lloyds banking group. The land registry also publish their own house price index and their methodology is different.
Here is the latest news on house and property prices
House Prices keep on Rising! It appears that new figures are showing that house prices grew faster in May this year than at any time in the past six years. The number of mortgages on the market has increased sharply since the Government launched a scheme called Funding for Lending last August, which has given lenders [...]
Are House Prices all They Seem to be? It is encouraging to see that the housing market now appears to be picking up across most parts of the UK, despite ongoing concerns about the wider economy. This may in part be due to the ever growing availability of cheap mortgage finance through schemes such as [...]
April House Prices. It seems that several housing market studies have reported improvements in the housing market in recent months following the launch of the governments funding for lending scheme. House price have mounted a partial recovery since the 2007 and 2008 property crash, but it appears that the South East and London have drove [...]
House Prices Rise for First Time Buyers. It appears that recently several housing market studies have been reporting improvements in the housing market in recent months following the launch of the governments funding for lending scheme. Industry figures have shown that around 216,200 first time buyers bought their first home in 2012 which was more [...]
March 2013 House Prices. The finance Ministry and the bank of England have announced several measures since last to try to boost the housing sector. Therefore some experts feel with the funding for lending scheme appearing to have had an impact on the mortgage market and also with the help to buy scheme on the [...]
Negative Equity in 2013. The national average house price fell by around 20 per cent between late 2007 and 2009. Nearly six years on from the housing market crash and it seems that most property is worth substantially less. House prices falls can leave home owners who hold mortgages with little or no equity in [...]
Many Homes Sell at a Loss. For most home owners, when they sell their home is entirely up to them. For instance if they have a growing family they can still put up with the same home for awhile or if they need to move for work they could choose to rent out their home [...]
House Prices in February 2013. At the moment it seems that British households have little room to make ‘big ticket’ purchases such as property. However, low mortgage rates and the bank of England’s funding for lending scheme appears to be slowly supporting the UK housing market recovery.
House Prices in 2013. House prices have been flat or modestly declining across the UK since 2010, therefore house prices have remained little changed over the course of 2012. Overall last year saw an even mix of monthly rises and falls as prices continued to lack any real direction.
House prices in August rise! Many sellers slashed their prices in order to tempt scarce summer buyers and therefore house prices in England and Wales fell an average of 2.4 per in August, according to property website, rightmove.co.uk. It seems that this is the largest price drop ever recorded in August and brings the [...]
Here is the latest information on the property and housing market in general
Does the Mortgage Market Undermine Home Ownership? In the wake of the recession there has been a growing appetite for rebuilding the housing and mortgage markets in a way that is sustainable through the economic cycle. The financial crisis has battered the mortgage market so hard that lending is unlikely to ever return to pre-fallout [...]
Interest Only Mortgages: Who Still Lends? Many major lenders have recently pulled out of the interest only mortgage market, this has been sparked by a crackdown on affordability checks which is due to come in to force next year. Nationwide building society, Natwest bank, the Royal bank of Scotland (RBS), Coventry building society and also [...]
The Ticking Timebomb! It seems that many home owners who took out interest only mortgages, particularly from 2007 to 2008, are now worried about how they will repay their loans. Current analysis shows that the capital on 2.6 million interest only home loans will be due for repayment over the next 30 years.
Check this page on a regular basis as we publish all the latest news and views on the UK housing market for property prices as well as trends and predictions from the leading market commentators.