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House prices fell for the second month in a row in August, according to the Nationwide building society. The average house price now stands at just [...] The property boom that home owners have enjoyed during the past year has ended as the latest housing survey shows home buyers retreating over concerns about the economy. This reduced demand is combined with an increase in the [...] The owners of second homes should pay higher taxes, David Cameron has said, provoking accusations that he is betraying core middle class Conservative voters. The Prime Minister suggested that second homes deserved to be hit by increased capital gains taxes because such properties were not ‘’splendid” for the economy.Mr Cameron also confirmed he had been forced [...] Home owners will no longer have to pay for a Home Information Pack (HIP) when selling their property after the new coalition government today scrapped the controversial red tape packs. Housing experts welcomed the decision, saying it would help home owners and the housing market. Home Information Packs were introduced by the labour govt to “speed up” [...] The annual rate of house price increases reached its highest level since November 2007, official data shows. Property prices rose by 9.7% year-on-year in March the 12th consecutive month of annual price rises, the Department for Communities said. The average value of a UK home rose by 0.7% compared with February. London saw the biggest rise in prices [...] The number of homes repossessed in the UK fell by 7.5% in the first three months of 2010, according to lenders. Figures show that the number of homes repossessed dropped from 10,600 in the last three months of 2009 to 9,800 in the first quarter of 2010. The UK’s housing market is benefiting from not being in the euro, estate agents have confirmed. Overseas buyers are investing in expensive properties, primarily in London, rather than putting their money in more “vulnerable” euro zone areas, they said. A total of 17 per cent more estate agents reported a rise than a fall in house prices [...] The labour Government’s stamp duty exemption for first time buyers has failed to boost the number of people hoping to get on to the property ladder. Only 26.3pc of people planning to buy a property during the coming 12 months are first-time buyers, according to property website Rightmove. Rightmove questioned more than 35,000 people and found the [...] London showed the biggest annual and monthly rise in prices in March, with the lowest annual rise in prices seen in Wales.All regions of England and Wales have seen a year-on-year increase in house prices, according to the Land Registry. But the average property value dropped by 0.6% in March compared with February to £164,288, its [...] Despite the revival in prices, which has taken many commentators by surprise, activity in the property market is still relatively subdued. This has been due to the enforced rationing of mortgage funds provoked by the credit crunch and the banking crisis that started in 2007. This means the average first time buyer still has to put down [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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