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Stock levels dry to a trickle as Nationwide reports prices back up |
Friday 30th October 2009
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Buy-to-let's king goes bust |
Simon Morris, the former Leeds United football club director whose property group collapsed last year with reported debts of more than £50m, has been declared bankrupt. Click to read more... |
August outperforms September in market's strangest year |
In most parts of the UK, August out-performed September in terms of sales activity – underlining what a topsy-turvy market this has been. Click to read more... |
Zoopla survey reveals homeowner confidence surge 16/10//09 |
A staggering 79% of homeowners expect property prices to rise in the next six months, according to Zoopla.co.uk’s latest quarterly sentiment survey.
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Mortgage volumes rise 29% - 16th October 2009 |
Mortgage volumes increased 29% in the year to August, according to the latest figures from the Council of Mortgage Lenders.
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Ministers 'knew about reckless lending four years ago' claim |
Lenders and government ministers were aware of reckless lending as long ago as 2005 but each felt that the proble was the other's resposibility.
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'House prices will fall further' |
October 07 2009 A leading ratings agency dampened hopes that the housing market had recovered, warning that there were more price falls to come. Click to read more... |
Low pipelines of business worry agents |
Halifax have reported a third consecutive monthly increase in house prices, but agents warned that their pipelines are looking awful. Click to read more... |
House prices now at the same level as September 2008 |
House prices rose by 0.9% in September, the fifth consecutive monthly increase High supply of rental property raises questions about durability of price recovery
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House prices still edging upwards as drought bites |
Monday 28th September 2009
House prices crept up by 0.2% in September, according to Hometrack. It means prices are now just 5.6% below what they were this time a year ago.
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House purchase loans in annual rise |
Friday 25th September 2009
The number of house purchase approvals from high street banks in August rose 81% compared with August last year, says the British Bankers Association.
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RICS Rural Market Survey H1 2009 |
Supply falls in both the non-residential and residential sectors
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Banks are blaming property professionals for billions of pounds of mortgage fraud based on inflated property valuations |
11.09.09By Richard Heap
property professionals are on alert after revelations about buy-to-let mortgage fraud based on inflated property valuations.
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Countrywide reveals 96% surge in high LTV mortgages |
The number of clients borrowing 85% or more of the value of their property has surged 96% in the last three months, according to Countrywide Mortgage Services
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Sales increase 10%, reveals RICS |
The average number of property sales per surveyor increased by 10% between June and August
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Mortgage approvals increase for fourth consecutive month |
The number of mortgages secured for house purchase increased 14% to 50,123 in July, marking the fourth consecutive increase since April, according to the Bank of England.
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Inflation report signals that interest rates to stay low well into 2010 |
There have been important developments in monetary policy this month, with possible implications for the housing market.
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House price bounce extends into August |
House prices rose by 1.6% in August * Year-on-year decline slows from -6.2% to -2.7% * Low interest rates helping to underpin prices for the moment
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Mortgage approvals reached a 17-month high |
July figures from the British Bankers' Association (BBA) show increases in the number of mortgage approvals and the amount of new lending, although this was below seasonal expectations.
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Rightmove reveals record visitor traffic |
Rightmove has recorded its busiest ever day for visitor traffic. Click to read more... |
House prices to surge 20% by 2014 |
The average house price will surge 20% to £227,800 in 2014, according to the National Housing Federation
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House price rises continued in June |
House prices rose by 0.9% in June. Three month rate of change turns positive for first time since December 2007. Low supply supporting prices for now, but a sustained recovery still faces risks Click to read more... |
Base rate held at 0.5% 9th July |
The Bank of England has left the base rate unchanged for the fourth straight month as the nation continues to struggle with the recession
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Sales volumes plummet 58%, reveals Land Registry |
Sales volumes plummeted 58% to 31,315 per month between November and February
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Market recovery just a blip, warn industry experts |
The recent upturn in market activity is “fragile and prone to collapse", claims Jones Lang LeSalle.
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House prices rise for second time in three months |
House prices rose by 1.2% in May. Annual rate of decline improves sharply from -15.0% to -11.3%. Low supply levels may explain some of the improvement in price trends
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Buy-to-let lending plummets 69% in Q1, reveals CML |
Buy-to-let lending plummeted 69% year-on-year in Q1, marking the sixth consecutive quarter fall.
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Instructions plummet 55% to six-year low, reveals Rightmove |
Instructions plummeted 55% to 61,000 in May, reveals Rightmove’s latest House Price Index.
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Pace of decline in capital values accelerates |
RICS Global Commercial Property Survey
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Home Buy Schemes |
With this week's media interest in the fact that one of the Government's Home Buying schemes has already run out of money. The following Parliamentary question on numbers helped by the various schemes makes for an interesting read...
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RICS Housing Market Survey April 2009 |
Further rise in buyer enquires but new instructions fall again
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Moore Blatch dismisses repossession predictions as misleading |
Predictions for repossession orders and distressed sales could exceed 1990 levels, claims Moore Blatch.
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House prices fall 1.7%, reveals Halifax |
House prices fell to £154,716 in April, according to Halifax's House Price Index out today.
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Sales volumes slump 57%, reveals Land Registry |
Sales volumes plummeted 57% to 24,770 in January, according to the latest Land Registry statistics.
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House prices fall slightly in April |
The price of a typical house fell by 0.4% in April. Housing measures in the budget are welcome, but are unlikely to turn things around. Economic fundamentals will continue to dominate housing market prospects Click to read more... |
Surprise bounce to March house prices |
House prices increased by 0.9% in March House purchase activity reaches highest level since May 2008 Welcome signals of market improvement but too early to talk of house price recovery Click to read more... |
London agents alone in price reductions, reveals Rightmove |
Asking prices in Greater London fell 3.2% to £387,161 in April, reveals Rightmove’s latest House Price Index.
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House price bounce distorted, warns Nationwide economist |
House prices made a surprise bounce of 0.9% last month, according to Nationwide's March House Price Index.
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Housing market 'picking up' |
Activity in the housing market showed signs of picking up during February with the number of mortgages approved for house purchase jumping by nearly a fifth, figures have showed. Click to read more... |
House price falls of 55% possible, warns Numis |
House prices could fall by up to 55% from current levels, reveals a report from investment bank Numis Securities
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FSA MORTGAGE LENDING DATA PUBLISHED |
The Financial Services Authority (FSA) has today published its latest mortgage lending data for the United Kingdom covering the period from Q3 2007 to the end of Q4 2008.
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Rightmove.co.uk House Price Index, March 2009 |
The property website Rightmove has released its latest house price index for March.
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CLG House Price Index |
The Department for Communities and Local Government has released its latest house price index this morning, which is based on mortgages completions during January 2009
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Changes To Home Information Packs Information From CLG |
If you are involved in buying or selling homes in England or Wales, there are three key changes which apply to properties marketed on or after 6 April 2009 that you need to know about:
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American Repossession auction house moves in |
REDC is one of the world's largest real estate auction firms. Since 1990, REDC has sold in excess of $5 Billion of real estate assets. Our goal is to match banks and institutional sellers with home buyers and real estate investors through the auction process. All auctions are open to the public and are free to attend. Click to read more... |
RICS Housing Market Survey March 2009 |
New buyer enquiries increase at the fastest pace since August 2006, but newly agreed sales and sales per surveyor continue to fall.
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Central London price drops slow as confidence trickles back |
House price drops within the capital's wealthiest central postcodes are beginning to slow as confidence and in particular Russians return to the market, says a leading London agent.
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Oil exporters and emerging nations catch global property contagion |
Collapsing oil prices have pulled oil rich countries into the global property malaise with capital values falling in emerging nations for the first time in the survey's history, according to RICS' latest Global Property Survey
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Where to lose £55,000 in a year |
House prices are now at their lowest level since March 2005, according to a ‘poll of polls’ by Chesterton Humberts
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What's happening to the housing market in the USA |
The house price downturn started well before it did in the UK - where is it today? Click to read more... |
LSL sees profits turn to losses but repos up |
LSL Property Services, the parent company of Your Move and Reeds Rains estate agencies brand, was badly hit by the housing market collapse last year.
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Agents say rate cut will make it harder for lenders |
Yesterdays’s rate cut to 0.5% has failed to excite estate agents, who say that the latest reduction cheapens Britain to foreigners, whilst acting as a deterrent to savers and making it harder for lenders to lend.
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New buyer registrations jump 17.1% |
New buyer registrations surged 17.1% in February, according to Hometrack’s National Housing Survey.
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House prices fell 2.3% in February, reveals Halifax |
The average UK house price has fallen 2.3% to £160,327, according to the February Halifax House Price Index.
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Best Time to Port your Mortgage? |
The Bank of England has once again sought to address the current economic downturn by reducing the base rate to an unprecedented low of just 0.5%. If their hope is that this will stimulate activity in the property market they may well be proved absolutely right – finally!
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Government snubs HIPs reform petition |
The government has refused to give home sellers a grace period to prepare a Home Information Pack (HIP) for their property despite a recent petition to Downing Street asking for one signed by nearly 1,700 members of the public.
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Phil Spencer's upmarket homefinding firm folds |
His alluring smile and boyish good looks propelled Phil Spencer, 39, from little-known estate agent to national icon. But in the final analysis no amount of TV fame could steer his posh home-finding firm through the credit crunch
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House prices fall 1.8%, reveals Nationwide |
House prices fell to an average £147,746 this month, from £150,501 in January, according to Nationwide's House Price Review
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House purchase approvals rise 7.4% |
House purchase approvals rose 7.4% to £2.9bn in January, reveals today's statistics from the British Bankers' Association.
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Hints for Landlords |
With the appearance of many accidental landlords entering the market and the seasoned investor making the most of the current downturn to expand their portfolio, some tenants are being spoilt for choice when choosing their next place of residence.
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Big rise in commercial property firms in trouble |
Commercial property insolvencies are set to surge, a leading business rescue firm is predicting
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More people want to know your number, agents are told |
Interest in the property market has been increasing, according to data from a directory inquiries service
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Debt-laden Countrywide comes closer to cash restructure deal |
Plans to inject more money into Countrywide, which includes Abbotts estate agents in Norwich, and write off much of its debts have moved a step forward.
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Transactions freeze to lowest in 50 years |
Transactions levels in January slipped to their lowest since the1950s. According to HM Revenue& Customs, a record low of just 43,000 homes changed hands during the month.
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New £500bn bail-out package starts today |
The Government’s new rescue package aimed at kickstarting the housing market and the economy starts today. The intention is to encourage lenders to start lending again.
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Buy-to-let loans plummet 65% in a year |
The total value of new buy-to-let loans was 65% less in the last three months of 2008 than in the same quarter for 2007.
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Home repossessions hit 12-year high |
The number of people who lost their homes soared by more than 50% during 2008 to hit a 12-year high. Click to read more... |
On market time triples in 18 months |
The typical marketing time for residential property has tripled since the onset of the credit crunch, according to property search engine Home.
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Vendor numbers dive 45% |
The number of new sellers on the market is 45% down on February 2008, according to Rightmove.
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Agents Diary The weary musings of a time-served estate agent (realtor) somewhere in the UK. |
Give 'Em Enough Rope
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Sales volumes hit record low, reveals RICS |
Agents completed an average 9.9 sales in the three months to January, according to the latest Royal Institution of Chartered Surveyors survey
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Mortgage lending slumps to 1974 levels |
The number of people buying a home fell last year to its lowest level since 1974 as the mortgage drought restricted activity in the property market, new figures show. Click to read more... |
Will British Room Sizes Finally Increase? |
There may be an unexpected silver lining to the housing market's downturn: we could end up with larger rooms in our homes as a result
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HM Treasury - Yvette Cooper launches consultation on protective measures for vulnerable homeowners |
The Government is today launching a consultation document on strengthening protection for vulnerable homeowners.
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Norwich agent takes on former Tops properties |
Monday 9th February 2009 Sapey & Co in Norwich has taken on all 485 properties that were for sale with Tops, after doing a deal with administrators Begbies Traynor
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Are first time buyers finally returning to the market? |
This will be promising news for anyone worried by the current weak property market, the woes of which are often blamed on first time buyer blues.
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Sellers find house price drops hard to swallow |
The average time it took to sell a property lengthened by 40% last year, according to the company that analyses Land Registry data
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Survey of English Housing |
Survey of English Housing, published by CLG. The report presents some preliminary findings from 15,622 households that were interviewed for the Survey of English Housing in the year beginning April 2007.
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House prices rise 1.9%, reveals Halifax |
House prices increased 1.9% in January to £163,966, according to the Halifax House Price Index.
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Consumers on verge of buyer rally, claims Rightmove |
Over half of consumers plan to buy a property in the next 12 months, according to a survey of Rightmove users.
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Tops directors in new agency launch after administration |
Two former bosses of Norfolk estate agency Tops, which went into administration last week, are launching a separate new business selling houses under the ownership of property developer John Howard, the Eastern Daily Press reports today.
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First day marketing draws closer |
In around two months' time on the 6th April it will be illegal to market a property without a HIP
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INFLUX OF FIRST TIME BUYERS |
We need more FIRST TIME BUYER properties to satisfy INCREASED DEMAND Click to read more... |
Buyers dip toes into purchase pool |
Vendor interest is gathering momentum and translating into sales, according to a number of agencies across the country.
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House purchase approvals slump 52% |
House purchase approvals in 2008 were 52% lower than in 2007, reveals the latest statistics from the British Bankers’ Association
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New-build starts slump by 47% |
Applications for new-build starts in the UK declined 47% last year, reveals the latest statistics from the National House Building Council
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Nationwide's January House Price Survey says: -New Year sees little change to recent house price trend |
House prices fell by 1.3% in January Annual rate of decline reaches 16.6% but 3-month rate improves slightly Economy now officially in recession, but considerable stimulus is in the pipeline Click to read more... |
Why housing minister is planning for boom not bust |
THE housing minister, Margaret Beckett, has claimed that there are signs of an "upturn" in the property market despite official figures showing prices dropping at an unprecedented rate.
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From April 6, mind your PIQs |
The Property Information Questionnaire will now by law have to be included in HIPs from April 6 onwards.
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Average asking prices down by 1.9% - prices now within 8% of the bottom of rightmove's predictions |
Email leads have more than doubled, with the rightmove site delivering 513,771 leads nationally from the 1st -14th of January 2009, compared to 242,090 during the same period last year, as buyers actively scour the market looking for a deal.
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DCLG - Housing Minister Launches Mortgage Rescue Scheme |
A mortgage rescue scheme to help vulnerable families at risk of repossession to stay in their homes is being rolled out across England today.
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Ex president of the National Association of Estate Agents says this! |
A bit shocking if you ask me, but meant as a joke I think. Click to read more... |
THERE ARE MORTGAGES OUT THERE |
The cost of a mortgage repayment on a terrace house is coming close to the rental figures. Click to read more... |
Global bank crisis deepens |
Economies such are the United States, Britain and Ireland, where soaring house prices fuelled a long-running credit boom, are expected to bear the brunt of a deepening global recession born out of a lending drought since widespread bank exposure to high-risk debt began to emerge in August 2007. Click to read more... |
House sales slump to new low |
The number of homes changing hands has fallen to a record low despite increasing buyer interest, figures have showed. Click to read more... |
House price decline 'makes moving from bottom of property ladder easier' |
The decline in the value of two-bedroom homes has been sharper than any other property type
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PRICES TO BOUNCE BACK? |
Some Pundits predict that prices could 'bounce back' sharply! Click to read more... |
Rightmove sends record daily leads to agents |
Friday 9th January 2009A new daily record has been set by Rightmove this week, with more leads than ever sent to agents.
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WHO CAN YOU TRUST? |
Who is there left on the High Street that you can trust with the sale of your house. Strange tactics by agents make one wary. Click to read more... |
2008: a difficult year for the housing market |
House prices fall by 2.5% in December Annual rate of fall reaches 15.9% Continuing uncertainty means forecasts can be misleading Outlook for 2009 subdued, but low supply will play a part in recovery Click to read more... |
A NEW DEAL FOR A NEW YEAR |
The property market is different today than it was a year ago Rescue efforts by the Government have resulted in lower interest rates but mortgage lending is now on a much more sensible, if lower, basis. Many estate agents and businesses have ceased trading. After 87 years as family estate agents potterandco now offer a NEW DEAL FOR THE NEW YEAR.
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