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House prices rise for ninth consecutive month

House prices are up for the ninth consecutive month, according to the seasonally adjusted Halifax house price index. Prices are 6.9 per cent higher in the three months to October than they were during the same three months last year. Martin Ellis, Halifax housing economist, said that demand has increased this year which is putting upward pressure on house prices and ...

6th Nov 2013

Economists predict house price rises will aid recovery

Rises in house prices will help the UK's recovery next year, according to economists. House price growth is expected to continue in 2014 as a new confidence sweeps through the market. House price metrics released over the last few months have shown a considerable upturn. This is likely to encourage sellers, many of whom are thought to be waiting until the market ...

5th Nov 2013

Property news archive

Buy-to-let indicates market is healthy

Healthy buy-to-let yields are evidence that the market is not heading towards a housing bubble, according to property investment experts. The metric, which shows average yields at between seven and eight per cent, suggests that properties have significant potential for price growth. “Yields can be used to assess the health of the property market, indicating whether a ...

4th Nov 2013

Transaction boom forecast for 2014

A boom in transactions is imminent, according to the first major property market forecast for the year 2014 and onwards. Hamptons International say that housing market activity will enjoy double digit growth in the next three years, with transactions back above 1m by 2016. Prior to the financial recession transactions were running at 1.2m per year. The forecast focuses on ...

1st Nov 2013

House prices increasing at right pace say experts

House price growth is operating at the right level in the context of an improving economy, according to property market analysts. The latest figures from Nationwide show annual growth at 5.8 per cent, with a one per cent rise during October. But despite talk of a bubble in the market, the rate of house price growth is exactly "where we should expect it to be" said ...

31st Oct 2013

Home insurers struggle with St Jude storm aftermath

Home insurance claims could be up as much as eightfold in the aftermath of the St Jude's Day storm which battered Britain on Sunday night and Monday morning. That's the estimate of insurer LV, who say they received eight times more calls on Monday than they would usually expect. The financial repercussions for the country's insurers could be as high as ...

30th Oct 2013

London council home sells at auction for £2.96m

The UK's most expensive council home has sold for £2.96m, after fierce bidding at a property auction. The property was valued at £2.3m by Southwark Council, but this was quickly dwarfed as the unique opportunity to buy a 200-year-old Grade II-listed building in the heart of London proved too tempting for house hunters. Located close to Borough ...

29th Oct 2013

London council home sells for £2.96m

The UK's most expensive council home has sold for £2.96m, after fierce bidding at a property auction. The property was valued at £2.3m by Southwark Council, but this was quickly dwarfed as the unique opportunity to buy a 200-year-old Grade II-listed building in the heart of London proved too tempting for house hunters. Located close to Borough Market in ...

29th Oct 2013

More homes reach asking price

More houses are reaching their asking prices, despite the fact values are up for the ninth consecutive month. The proportion of the asking price achieved is up to 95.2 per cent, up from 94.7 per cent last month and just shy of the all-time high when the market was at its highest back in 2007. This suggests that demand is healthy, although may point to a lack of housing ...

28th Oct 2013

More evidence of growing homeowner confidence

Almost all UK homeowners expect house prices to rise over the next six months, a record four year high of positive market sentiment. Only four per cent of homeowners predict a fall in house prices, while 89 per cent expect a rise according to the latest Zoopla housing survey. This is another indication that a wave of optimism is spreading through the market. Lawrence Hall, ...

25th Oct 2013

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