House prices news (February 2012)

Filter by  

Latest House prices news

London property prices soar after Olympic bid win

The value of London property located close to the site where the 2012 Olympic Games will take place has increased significantly since the city won the bid to host the event, new figures reveal. According to Lloyds TSB, the average cost of buying a house close to the main site of the London 2012 Olympic and Paralympic Games has increased by over £60,000 in the last ...

29th Feb 2012

Housing market conditions improve in February

Conditions in the UK housing market have improved this month, according to the latest industry figures. The Monthly National Housing Survey by Hometrack shows that the number of buyers registering with agents increased by 18 per cent throughout the month, which is the strongest level of demand seen since the beginning of the economic downturn. In addition, it is 15 per cent ...

27th Feb 2012

House prices news archive

Gross mortgage lending rises by 10%

Gross mortgage lending in January was ten per cent higher than a year ago, according to the latest report by the Council of Mortgage Lenders. Research carried out by the body shows that gross mortgage lending in the UK totalled an estimated £10.5 billion last month, which is down slightly from December but a big rise on the £9.5 billion recorded in January 2011. ...

21st Feb 2012

House buyers 'confident about market stability'

Brits are increasingly becoming more confident about the state of the housing market, as more people realise UK residential property is the best investment for their money, one expert has observed. Stuart Law, chief executive at investment advice company Assetz, said that people have come to realise that the UK housing market is "very stable" in most locations ...

21st Feb 2012

Monthly asking price increase 'highest for ten years'

The average asking price for a UK property increase by 4.1 per cent this month, which is the highest monthly increase since April 2002, according to the latest figures. There was evidence of increasing housing market confidence, which contributed to an unexpectedly strong price hike, fuelled by cash-rich market sectors where demand is exceeding supply. According to the ...

20th Feb 2012

Conservatories 'can boost home values'

People wanting to boost the appearance of their property or keen to increase its value will find that adding a conservatory to the building can achieve both of these things, it has been noted. Graham Lock, director and co-founder of House Network, said that there are a number of ways to boost home values but the main thing to remember is that first impressions are ...

14th Feb 2012

House prices expected to rise

A significant proportion of UK homeowners expect house prices to rise in the UK this year, according to the latest Halifax Housing Market Confidence Tracker. It shows that nearly a third (29 per cent) of Britons think that house prices will rise rather than fall in 2012, compared with 22 per cent who predict a price decline over the same period. As a result, the headline ...

10th Feb 2012

London property prices 'set to rise' in 2012

The reduced amount of central London property expected to be placed up for sale in 2012 could cause upward pressure on prices, according to one source. Naomi Heaton, chief executive at London Central Portfolio, said that many investors who are already holding real estate in prime London central do not see a better place to "park their money". This is because they ...

9th Feb 2012

Prime central London property continues to rise

There has been another rise in the average value of prime central London property as the market continues to exceed expectations. According to the latest data issued by Knight Frank, the price of prime central London residential property rose by 0.9 per cent in January, with the home values of prime property in the City and City Fringe areas rising by an average of 0.8 per ...

6th Feb 2012

Competitive pricing 'hugely important' when selling a home

It is extremely important that people putting their home on the market make sure it is competitively priced, one expert has claimed. Dianne Paterson, property partner at Russel + Aitken, said that UK house prices are unlikely to change much in 2012 and so sellers who are more competitive when listing property for sale will have the best outcomes. "Looking ahead, 2012 ...

2nd Feb 2012