House prices news (October 2011)

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Latest House prices news

Housing market confidence 'will be hit'

The UK housing market is likely to suffer from a lack of public confidence in the next year, it has been claimed. According to property expert Jane Marr, the "feel good factor" of people's perception of job security, inflation and the cost of living will play a "significant role" in how the property market performs in the near future. Her comments ...

28th Oct 2011

UK house prices set to fall in 2012

House prices across the UK are set to fall by five per cent next year, and will show little growth until 2014, the latest UK property report has noted. The new Knight Frank report shows that, in real terms, when adjusted for CPI inflation, house prices will have fallen by 29 per cent from the peak of the market by 2015 and are unlikely to regain the levels seen in 2007 ...

28th Oct 2011

House prices news archive

UK 'in need of more affordable rural housing'

There needs to be a move to boost the amount of affordable housing in the UK, according to one organisation. A spokesman for the Campaign to Protect Rural England said that there is currently a need to get some generally affordable housing in rural economies and there are several ways that this can be achieved. "One of them is for councils using tools such as being ...

27th Oct 2011

London property prices set to rise

House prices for property in London are set to rise in the coming year, before levelling off, according to the latest industry report. Research carried out by Knight Frank suggests that prime central London prices will climb five per cent next year, before pausing in 2013 and rising by a further four per cent in 2014. According to the organisation, geo-political issues ...

26th Oct 2011

FTBs 'should consider the north'

People struggling to get on the housing ladder could consider moving up north, according to a one specialist who has said this may solve problems for many people. Selwyn Lim, an expert on UK property prices , said that it is currently becoming even harder for first-time buyers to access the housing market in the south. It follows the publication of the latest Quarterly ...

25th Oct 2011

'Think carefully' when adding a conservatory

People need to think carefully when deciding whether to add a conservatory to their property , one expert has claimed. Although conservatories can often boost property prices , people need to think about factors such as the amount of space it will take up outside and how the weather may affect it, says Graham Lock, director of Housenetwork.co.uk. He explained: "So on a ...

24th Oct 2011

House price falls predicted by Brits

Brits perceived that their house value decreased for the 16th consecutive month in October, it has been revealed. A new Knight Frank/Markit House Price Sentiment Index (HPSI) revealed that the rate of house price falls increased in October, while prices are commonly perceived to have fallen every month since July last year. Knight Frank said that it is likely the gloomy ...

21st Oct 2011

Rural house prices are more stable

House prices in rural areas are more immune to falls in the market than urban properties , it has been claimed. Peter Bolton King, chief executive at the National Federation of Property Professionals (NFOPP), said that because there are so many houses in urban areas, they are more affected by fluctuations in the market. "They have got this rarity value; prices ...

19th Oct 2011

Areas undergoing regeneration are ideal for properties to buy

People in search of houses for sale in London have been advised that areas undergoing regeneration are an ideal place to look. Peter Mindenhall, writer and researcher at IPINglobal.com, a property -based investment company, claimed that house prices in London are very good, especially when compared to the rest of the country, but suggested that certain areas are likely to ...

17th Oct 2011

FTBs to receive more help

More help is set to be offered to first-time buyers (FTBs) in Scotland, as the housing minister Keith Brown has announced an extra £4.65 million has been allocated to the Open Market Shared Equity (OMSE) scheme. This will help those on low to moderate incomes into home ownership, Mr Borwn explained, noting that in the past four years the Low-Cost Initiative for First ...

14th Oct 2011

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