House Prices Page 1

Analysis and information on the changes in house prices from the Nationwide and Halifax price monitors

House Prices Slashed Again!

The amount by which sellers have slashed their prices expectations has risen significantly over the past year.

Current data shows that over 40% of all UK property on sale in Britain at the moment has been reduced in price at least once.

It seems according to recent research that approximately two out of every five UK properties for sale have been reduced in price to entice buyers in what is currently a stagnant, struggling housing market. Read more

Housing Market Has Lost Direction

The housing market at the current time is showing a general ‘lack of direction’ according to some experts.

According to the Halifax house price rose in October 2011 for the first time in 3 months after mortgage costs fell to record lows.

House prices increased by 1.2%, but the lender warned that it was a highly mixed picture as prices fell by 0.3% over the less volatile 3 month average. Read more

What is wrong with the housing market?

Almost everything to do with the property market is a huge problem at the moment!

The housing market is ‘lacking genuine direction’ because a squeeze on finance is chocking demand, according to mortgage lender Halifax.

The Council of Mortgage Lenders (CML) also says “we agree that there appears to be no clear trajectory for house prices at the moment, however this is not surprising considering the uncertainties currently found both on the supply and demand side”. Read more

Estate Agents

Many believe that estate agents are partly to blame for the low activity in the property market. With their listings at the lowest levels for decades, many have pitched prices to prospective vendors that are far too high in the current climate. However vendors are not totally blameless.

Estate agents have now come unstuck, their transaction levels are through the floor as they have not been able to sell their over priced stock and each one of the unsold properties costs them money. Read more

Property Prices Remain Stagnant

The UK housing market has witnessed months of relatively low activity. Figures from the HM Revenue and customs show that approximately 10,000 fewer homes were sold in July 2011 than in the same month last year.

The Halifax’s latest report on the property market shows it is ‘lacking direction’ at the current time. Read more

The Mortgage Market Show Signs of Life!

There were only 43,000 or so mortgages approved in February 2011, way down from the 80,000 or so that are seen to be required for a stable housing market.

First time buyer’s campaign website pricedout.co.uk suggested that “conditions were leading to a wider gap between home owners and prospective buyers”. Read more

Negative equity is back!

Figures from the land registry show that sales of homes have plunged by up to 20% over the past year.

House prices are plunging at a rapid rate across Britain and as a result many face the financial heartache of being ‘trapped’ on expensive mortgage rates in their homes. Read more

Negative equity …..What can be done?

Massive drops in house prices now means that negative equity is a problem affecting hundreds and thousands of people, especially those who bought their homes at the peak of the property boom in 2006 to 2007.

When the credit crunch hit banks and building societies withdrew many of their mortgages and then introduced much tougher lending criteria and also required higher deposits. Read more

North South Property Divide

In the current climate rentals are at an all time high, property values however do not follow the same trend. There are widening regional gaps developing in property valuations.

The divide in the property market is particularly prominent between London and the north of England, where the gap is widening rapidly. Read more

August House Prices

House prices fell 0.6 percent in August, this more than reversed July’s rise and surprised economists who expected them to stay flat.

Nationwides chief economist, Martin Gahbauer suggests that; “the three months rate of change fell from 1.2% in July to 0% in August, suggesting that house prices have essentially stagnated over the summer. Read more

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