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There is no sign of the UK property market picking up in the coming months, the Royal Institution of Chartered Surveyors (Rics) has said.Its latest monthly survey says some sellers are still asking too much for their properties, while some potential buyers cannot raise a mortgage. As a result, surveyors expect the level of sales to [...] House prices across the UK fell by an average of 1.3% in 2011 mortgage lender Halifax says.A drop of 0.9% in December took the average house price down to £160,063. Halifax said the property market had been surprisingly resilient in the face of falling incomes and a deteriorating economy. The lender predicted that prices would be stable [...] UK house prices remained relatively unchanged in 2011 and more of the same is to be expected said the Nationwide Building Society.The building society said that the average home rose in value by 1% in 2011, but fell by 0.2% in December compared with the previous month. The economic climate was likely to lead to a [...] The Land Registry for England and Wales says house prices were down 3.2% in the year to November.The government’s own index, compiled by the Department for Communities and Local Government (DCLG), says they fell by just 0.4% over the same period. The Halifax reckons prices dropped 1% in the year to November, while its counterpart the [...] Will the UK property market be even more depressed in 2012 than it was in 2011?Commentators and analysts expect sales to stay low – perhaps even lower than they have been in the past year. And prices are expected by most observers to fall a little – though some predict larger drops of up to 10% [...] The number of first time buyers has fallen to its lowest since records began in 1974.Around 187,000 people became first time buyers in 2011, which was 7pc fewer than the preceding year and less than half the recent peak of 402,800 seen in 2006. The figure from Halifax, the lowest recorded since it started tracking the [...] Property sales hit their highest monthly level of the year so far in November figures from HM Revenue and Customs (HMRC) have shown.There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the number of sales in the first 11 months of the year [...] A growing proportion of surveyors and estate agents believe that economic uncertainty is holding back housing market activity.This was considered to be a bigger reason than the availability of mortgages and worries about house price falls, the Royal Institution of Chartered Surveyors (Rics) said. However, the latest Rics survey shows a slight rise in buyer demand [...] The London property market has seen a huge increase in global capital flight- as it is seen by many as a safe haven during the eurozone credit crunch.On the high end of this scale of capital investment is the commercial property market. Since 2008, London has been the most traded real estate market in the world [...] Housing market activity will improve in 2013 after a stagnant few years according to forecasts from the Office for Budget Responsibility (OBR).It said there would be a 20% rise in transactions in 2013/ 14, compared with the previous year. The OBR also predicted that house prices would rise at levels above inflation from the same year, [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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