House prices news (December 2011)

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Latest House prices 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

House prices 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

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

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

FTB access to rural housing 'should be better'

There needs to be more opportunities for first-time buyers to access the UK property ladder, according to one expert who has called for the coalition to take action. Jason Beedell, head of research at Smiths Gore, made the comments after Savills revealed that it expects the average value of farmland in the five years from 2012 to increase by 36 per cent. The capital value ...

21st Dec 2011

Confidence 'is returning' to UK housing market

Confidence is gradually returning to the UK housing market, according to the Building Societies Association, which has said that people are less concerned that house prices will fall sharply next year. Paul Broadhead, head of mortgage policy at the BSA, made the comments after a new report from his organisation showed that homeowner confidence is very stable, despite the ...

19th Dec 2011

Investor influx 'boosting London property market'

The property market in London is being boosted by the continued influx of investors looking for high quality property for sale , the latest report suggests. Data published by Knight Frank showed that average prime central London properties increased in value by more than £1,200 a day last month, with a one per cent rise throughout the month contributing to annual ...

16th Dec 2011

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