House prices news (June 2012)
Latest House prices news
Continued London property growth 'is logical'
Continued growth in London's property market is "logical", according to one sector analyst, though he does not expect price growth in greater London to significantly outperform the national average. Liam Bailey, head of residential research at Knight Frank, made the comments after Savills reported on June 27th that London's prime residential values rose ...
29th Jun 2012
House prices spike in best performing economies
House prices have spiked in areas with the best performing economies over the last ten years, the latest Halifax report reveals. The bank's review of economic and house price performance at a local level shows that, between 1999 and 2009, the value of the typical home in the ten local areas that recorded the biggest increases in economic activity rose by 145 per cent ...
26th Jun 2012
House prices news archive
UK property values 'will not rise substantially'
There is unlikely to be a significant rise in UK house prices in the near future, according to property analyst Knight Frank, which has predicted a certain degree of stability in the months ahead. Liam Bailey, head of residential research at Knight Frank, said the general consensus is that it is likely to take until 2014 before house prices rise on an annual basis. ...
22nd Jun 2012
Buying a property '£200k cheaper than renting'
Buying a property works out almost £200,000 cheaper than renting over the course of a lifetime, according to a new report by Barclays. Research carried out by the bank indicates that buying, paying mortgage and maintaining a home costs £429,000 over a period of 50 years, compared to £623,000 in rent – a difference of £194,000. Over a 50-year ...
19th Jun 2012
Frank Lampard and Christine Bleakley set to move in
Chelsea footballer Frank Lampard and TV presenter Christine Bleakley are reportedly ready to move in to their new property after a lengthy renovation process. The couple, both 33, have been engaged since last summer and rumours had been swirling around that they would be getting hitched this summer or some time soon. However, the focus appears to be on getting their new ...
18th Jun 2012
Strong desire for homeownership remains
There remains a strong desire for people in the UK to own their own home, according to the latest data published by the Council of Mortgage Lenders (CML). In spite of the economic and financial difficulties stemming from the credit crunch, 81 per cent of British adults hope to be homeowners in ten years' time, while 74 per cent aspire to it within two years. The data ...
13th Jun 2012
House prices soar in picturesque locations
The average cost of buying a UK property in a picturesque location has risen significantly over the last decade, the latest report suggests. Research carried out by Lloyds TSB indicates that the value placed on having attractive surroundings is currently higher than it has ever been, with values increasing by 87 per cent (£109,355) over the past decade, from ...
12th Jun 2012
Prime London property prices rise again
The price of prime London property continued to rise in May, according to the latest figures, which show values are now at a record high. Data published by Knight Frank show that prices rose 0.7 per cent in May, contributing to annual growth of 10.7 per cent, with values having risen by 47.3 per cent since their post-credit-crunch low in March 2009. Values in the ...
6th Jun 2012
UK property 'easy to buy' in some areas
There are some areas of the UK where it is easy to buy property, and people hoping to get on the property ladder need to be aware of these pockets if they are to succeed, it has been advised. Catherine Hearnden, director of MyMortgageDirect, said that there is a distinction between parts of the north-west and parts of Wales, but there are pockets in every area. "Even ...
1st Jun 2012