Analyst Views on UK house prices: What will happen next in Britain’s soaring property market? July 9, 2014 JEREMY DUNCOMBE | LEGAL AND GENERAL Despite this slight dip in house price growth in the last month, the overall trend shows an acceleration of house price increases, particularly in London. To nurse the market back to health, efforts need to be directed towards supporting house builders and ensuring that supply meets demand. [...]
In photos: Country house prices are still below their 2007 peak. Which will you choose? July 9, 2014 As we reported yesterday, Knight Frank, a real estate consultancy company, has collected data showing that country house prices are on the rise across the country. What the report also shows is that prime country house prices are yet to reach their 2007 peak, unlike the average property price across England and Wales. Here's a graph [...]
UK house prices see rare fall this June: But the trend still sees values soar July 9, 2014 House prices have surprised analysts with a slight fall this June. Prices are 0.6 per cent lower, according to the latest Halifax house price index data. It's only the fourth time that Halifax has recorded a monthly house price in the last year. And while home sales are some three per cent lower in May, [...]
Rising UK house prices give pensioners a boost July 8, 2014 Soaring house prices and the strong pound have boosted UK pensioners’ standard of living at home and abroad, a raft of new data showed yesterday. For expats living in the Eurozone, the basic pension increased by nearly 10 per cent in the past year, according to an analysis by Prudential. The strengthening pound pushed expats’ [...]
Average London house price to hit £500k next year July 8, 2014 The average house in London is likely to cost about £500,000 in just a year’s time, according to a forecast by professional services group PwC. PwC’s latest economic forecasts, to be released today, show that the average property price in the capital is expected to reach £565,000 by the end of this decade, with its [...]
In graphs: Country house prices on the rise as the London effect spreads July 8, 2014 As house prices in London continue to rise, the effect is beginning to spread to properties outside the capital, including country houses. According to research from Knight Frank, a real estate consultancy company, prime country house prices rose by 1.1 per cent in the last quarter and by 5.2 per cent over the year to [...]
UK house prices up to 2007 peak as pressure builds July 2, 2014 House prices across the UK are back up to their 2007 peak, according to a new report by Nationwide. The figures show that prices increased by one per cent in June, an 11.8 per cent increase on the same period a year previously. Prices in London continue to trump those across the rest of the [...]
Rise in London house prices leads to increased affairs, says report July 2, 2014 Research has suggested that more couples than ever are being forced to continue living together even after they have split up, leading to an increase in affairs. A survey by the UK's largest and longest running dating site for married people, IllicitEncounters.com, has shown that over 42,000 married couples living in London have been put [...]
Average London house price is now 30pc higher than 2007 peak July 2, 2014 London's house prices are 30 per cent above their pre-crisis peak, according to new data from Nationwide, which also puts the average house price in the capital at around £400,000. According to Nationwide's House Price Index for June, London house prices have risen over 25 per cent in the last 12 months, as prices nationwide have [...]
Mansion tax would hit twice as many houses today as in 2009 June 25, 2014 THE NUMBER of houses which would be hit by a mansion tax has doubled in the past five years, alongside the rapid recovery in prices, especially in the capital. Research released by consultancy Knight Frank yesterday indicated that a tax on residential properties which cost more than £2m would hit twice as many homes today [...]