UK house prices kept falling in England and Wales according to the Land Registry.
The Land Registry’s latest monthly survey- for May, shows that prices dropped by 0.4% that month to push them 2.2% lower than a year ago.
The fall in prices means the average property in England and Wales is now worth £161,823.
Only in London [...]
House repossessions are likely to rise again next year the Council of Mortgage lenders (CML) has warned.
In its updated outlook for the property market, it says repossessions will probably rise from 40,000 this year to 45,000 in 2012.
Mortgage rationing which has depressed UK property sales will stay in force until at least the end of [...]
The number of mortgages approved for house purchases hit a new low in April Bank of England official figures show.At just 45,166, the number of new approvals was the lowest April figure since the Bank’s records began in 1992.
Analysts said the data may have been affected by the number of public holidays in April.
However, the [...]
House prices in England and Wales are still falling according to the latest survey from the Land Registry.
It says the average property price fell by 1.1% in March to £160,996, leaving prices 2.3% lower than a year ago.
The Land Registry figures cover all completed sales in England and Wales.
They shows that prices have been falling [...]
Average house prices in England and Wales saw an annual fall in February, the Land Registry has said, but prices in London and the East of England rose.
The body said the average home in England and Wales fell in value by 1.7% in the year to February, to £162,215.
But house prices in London were up [...]
UK house prices fell by 0.9% in February compared with the previous month, the Halifax has found.
The mortgage lender, now part of nationalised Lloyds Banking Group, said that year-on-year prices had dropped by 2.8% in February.
This meant the typical home in the UK now costs £162,657.
The uncertain economic climate was likely to “weigh down” the [...]
Every property type in England and Wales fell in value in January compared with a year earlier, according to the latest official Land Registry figures.The prices of semi detached homes fell the most, dropping by 1.6% year-on-year to an average of £153,663.
In general, house prices dipped by 0.9% in January compared with January 2010, but [...]
The proportion of mortgage deals needing more than a 25% deposit has fallen to a two year low- indicating that some lenders may be relaxing their strict mortgage rationing.However lenders have warned that they still face severe restrictions on their ability to lend to home buyers.
At the beginning of February the percentage of new mortgage [...]
New figures have shown falls in house prices, marking a slow turn of the year in the housing market.
The Nationwide Building Society said house prices had slipped by 0.1% in January, leaving them down 1.1% on a year earlier.
It meant the average UK home cost just over £161,600.
The Nationwide, which is the first to publish [...]
House prices in many US cities hit new post bubble lows last year, according to a widely followed market survey.
Prices have been declining across the country since last summer, following the expiry in April of a homebuyer tax credit which temporarily boosted sales.
Eight cities saw prices reach their lowest levels since peaking in 2006-07, with [...]
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