Zoopla property news (December 2011)
Latest property news
House prices 'rose during 2011'
Most UK regions saw rises in house prices during 2011, with London showing the strongest growth over the year. Nine out of 13 British regions saw overall rises in house prices during the year, after the country saw a 0.3 per cent in the fourth quarter. The figures from Nationwide revealed that the annual rate of change increased from -0.5 per cent to 1.1 per cent. Across ...
30th Dec 2011
Chelsea house prices 'most expensive in Britain'
House prices in the royal borough of Chelsea are the most expensive in the whole of Britain, according to a new survey. Research from bank Lloyds TSB revealed that the most expensive residential street is Campden Hill Square, situated in the heart of fashionable Holland Park - with an average house price of £4,863,000. Seven streets in the exclusive borough feature ...
29th Dec 2011
Property news archive
Economy 'the biggest influence' on 2012 property market
The economic climate is likely to be the biggest influence on the property market in 2012, according to one analyst, who has predicted stability next year. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors (Rics), said any rises or falls in the residential property market next year will be at the mercy of what happens to the economy. His ...
28th Dec 2011
Scottish house prices 'largely affordable for first time buyers'
House prices in three-quarters of Scottish towns are affordable for first time buyers, new research has shown. The average house price paid by a first time-buyer of properties for sale in November 2011 was affordable for an individual on average earnings in 77 per cent of all local authority districts in Scotland, according to the latest Bank of Scotland First-Time Buyer ...
28th Dec 2011
House prices 'set for modest fall' in 2012
UK property prices are set to fall modestly over the next 12 months, though this will all depend on the impact of the eurozone crisis, experts have claimed. A new poll carried out by Reuters shows that, with economic growths set to slow in 2012, average national property prices will fall slightly, making the purchase of new homes more affordable for some. The news ...
25th Dec 2011
Govt invests £420m to build new homes
Thousands of new build homes are to be erected across the country thanks to a £420 million government fund. The Get Britain Building Fund is designed to get builders back on housing sites that have been shut down due to difficulties in accessing development finance. Housing Minister Grant Shapps said today that the measures are designed to help build the homes Britain ...
23rd Dec 2011
Brits 'boosting home security' over Christmas
Many UK property owners are boosting security over the festive period in an attempt to deter thieves and keep their new possessions safe, it has been revealed. A new poll carried out by More Than shows that over half of Brits are currently considering using booby traps and decoys to keep burglars at bay, as they believe these are more effective than some tried-and-tested ...
22nd Dec 2011
Sales of new homes 'set to rise'
The sales of new homes in the UK are set to rise slightly over the coming 12 months, though prices will struggle to follow suit, according to the latest report from the Royal Institution of Chartered Surveyors (Rics). In its Housing Market Forecast, the organisation notes that prices at a headline level will edge lower by around three per cent across the UK, though the low ...
22nd Dec 2011
Property owners 'should look out for winter weather damage'
UK property owners have been advised to look out for the potential effects that the wintry weather will have on their property in the weeks ahead, as well as following tips to safeguard their homes against the cold. The Royal Institution of Chartered Surveyors (RICS) said that this advice is particularly pertinent those who are spending the Christmas holidays away from ...
21st Dec 2011
House prices 'will not spike for some time'
There is unlikely to be a return to the house prices of five years ago for some time, according to one property market analyst. Selwyn Lim, director of the advice site Mouseprice, said that 2012 is likely to see a fair degree of stability in the housing market, meaning that property will be far more affordable for some. His comments follow the publication of a report by the ...
21st Dec 2011