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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 [...] 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% [...] 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 [...] Mortgage lenders have raised concerns about potential changes to the way support is given to those struggling to pay their mortgage.The government is reviewing the Support for Mortgage Interest Scheme, where homeowners who lose their jobs may receive financial help. It says the programme, which costs £400 million a year, is unsustainable. The Support for Mortgage Interest [...] 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 [...] Homebuilder Berkeley has seen a strong rise in profits to £101 million for the six months to the end of October.This was 64% up on the same period last year, but included a £30 million windfall due to the sale of Berkeley’s share in a project for Imperial College in London. The firm confirmed strong demand [...] 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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