House prices news (November 2011)
Latest House prices news
UK property prices rise in November
UK property prices rose slightly in November, according to the Nationwide House Price Index report. According to the data, house prices increased by 0.4 per cent in November, with the price of a typical home now 1.6 per cent higher than it was one year ago. Commenting on the figures, industry analyst and property expert Jes Conway said the figures show that house prices are ...
30th Nov 2011
Govt funding for empty homes 'is very welcome'
The government's announcement that a significant amount of money is to be apportioned to regenerate vacant housing areas in England is "very welcome", according to one sector body. David Ireland, chief executive at Empty Homes, gave his backing to housing minister Grant Shapps' announcement that more than £71 million will be allocated to help ...
29th Nov 2011
House prices news archive
'Substantial' house price growth expected in the UK
There is expected to be a significant rise in the cost of buying a house in the UK over the next decade, according to one expert. Speaking at the Landlord & Letting Show in Birmingham, rental expert Ed Harris said it is realistic to expect strong house price growth over the next ten years, with analysts' predictions agreeing with this. He elaborated: "I think ...
28th Nov 2011
FTBs 'finding it difficult' in London
People hoping to get on the property ladder in London are currently struggling more than those in the majority of other UK regions, according to one expert. Liam Bailey, head of residential research at Knight Frank, said the problem really is that London has been undersupplied with housing for a long time and demand has grown year-on-year. His comments follow the ...
18th Nov 2011
House prices in Scotland rise once again
Monthly house prices in Scotland have increased for the third month in succession, according to the latest report which has revealed that September prices rose by 0.8 per cent. The "end of summer bounce" was revealed by the latest LSL report, which showed that year-on-year house price decline slowed to -1.5 per cent, down from -1.9 per cent last month. Commenting ...
17th Nov 2011
Borrowers 'more optimistic' about house prices
The UK's mortgage customers are more optimistic about house prices in the coming months, according to a new industry survey. In Knight Frank/Markit's House Price Sentiment Index (HPSI), the organisations highlighted that borrowers are showing more confidence in house prices after Bank of England hinted that the rate rise is now off the agenda. According to the data, ...
17th Nov 2011
Good schools and jobs 'boost house prices significantly'
Good schools and job opportunities can have a major effect on house prices in the UK, according to one expert who has noted that is will always be the case. Property expert Helen Adams made the comments after a new report from Lloyds TSB revealed that average property prices in market towns across England have risen by 103 per cent since 2001, which is equivalent to an ...
16th Nov 2011
Mortgage indemnity guarantee "a good solution" for FTBs
The reintroduction of a mortgage indemnity guarantee (MIG) scheme could provide a "good solution" for many first-time buyers (FTBs), according to one expert. Andy Pratt, chief operating officer at independent mortgage adviser Alexander Hall, said MIG has been a good solution for many buyers in the past and there is no reason why it shouldn't be the same going ...
15th Nov 2011
Property prices in market towns 'are rising'
House prices in market towns have risen dramatically in recent years and look set to continue to do so, presenting excellent opportunities for investors, new figures show. According to data from Lloyds TSB, average property prices in market towns across England have risen by 103 per cent from £114,718 in 2001 to £233,416 in 2011, which is equivalent to an ...
15th Nov 2011
Property prices 'hampering some landlords'
Some UK landlords hoping to expand their portfolio are currently being hampered by property prices , according to one expert. Julie Blakeman, an expert in property to rent , said most of the landlords she has spoken to are "sitting tight" at the moment. Landlords who are on good variable rate mortgages are making more money now than they ever have been, but that ...
14th Nov 2011