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House sales plummet but prices recover to 2007 levels

Since the start of the year, house sales in England and Wales have fallen dramatically, the BBC reports. New data obtained by the BBC from research-based consultancy, Acadametrics, show January transaction levels down 52% on December, at 36,000. February...

Published 03-12-2010 8:52 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, February, January, sales, Wales, England, average house price, Acadametrics, transaction levels
House sale instructions outpace buyer interest

The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month. According to the Royal Institution of Chartered Surveyors’ (RICS) latest...

Published 03-09-2010 10:53 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, survey, Property News, February, house price, Rics, Royal Institution of Chartered Surveyors, supply and demand, new instructions
US home sales in surprise fall in January

The National Association of Realtors (NAR) has revealed a fall in sales of previously owned homes in the US for the month of January, suggesting the extension of the $8,000 tax credit for first-time buyers is having little appeal. The industry body said...

Published 03-05-2010 9:48 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, fall, Property News, January, sales, consumer spending, National Association of Realtors, weather, incentives, factory orders, jobless benefits, tax credit, US homes
Tesco and Spicerhaart launch online estate agency

Tesco has joined forces with Spicerhaart to launch an online estate agency aimed at saving home-sellers money. iSold.com is so far only available in the Bristol area; the new service charges a flat fee of £999 in return for which properties are advertised...

Published 03-05-2010 7:45 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, launch, Tesco, Bristol, Spicerhaart, iSold.com, online estate agency, flat fee
Homeowners to be replaced by tenants

Reporting on its recent “Future Housing” conference the Council of Mortgage Lenders (CML) says it expects the UK to see a smaller proportion of homeowners and a higher proportion of tenants, mostly in the private sector, in the years ahead...

Published 03-04-2010 4:16 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, first-time buyers, CML, housing, Council of Mortgage Lenders, deposit, affordability, homeowners, tenants, lack of supply
House prices down 1.5% in February

UK house prices fell by 1.5% in February when compared to January, according to Halifax. The lender’s monthly index registered its first decline since June 2009, following seven consecutive monthly increases. However, at £166,587, the average price...

Published 03-04-2010 10:48 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, inflation, Property News, February, Halifax, UK house prices, fell, average price, annual inflation
House sales soar in February

Agency Express has reported a surge in house sales between January and February, with three regions reporting their highest monthly sales since the market peak in 2007. According to the firm, which claims to be the UK’s largest “For Sale”...

Published 03-04-2010 9:22 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, February, increase, rise, house sales, UK property market, "For Sale" board, monthly sales, recovering, Agency Express
Persimmon reports strong forward sales book

Persimmon Homes managed 8,976 legal completions in 2009, compared with 10,202 in 2008, with an average selling price of £160,513 (down from £172,994 last year). However, Britain’s largest house builder says it has a strong forward sales book of...

Published 03-04-2010 8:54 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, 2009, 2010, completions, forward order book, new sites, Persimmon Homes
Handful of countries see house price growth in 2009

The Rics European Housing Review 2010 has revealed a mixed bag for European house prices. The Royal Institution of Chartered Surveyors (Rics) found that only five countries reported growth in house prices - with the UK being one of them - rising by 1...

Published 03-02-2010 5:43 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, house prices, UK, US, fall, report, Property News, Rics, Royal Institution of Chartered Surveyors, rise, Warren Buffett, countries, European Housing Review
Buffett confident of US housing market recovery

Respected US billionaire investor Warren Buffett has said the problems in the US property market will be over within a year. In his annual letter to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will...

Published 03-02-2010 5:05 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, US, Property News, Investment News, shareholders, rise, Company News, profits, over, year, property market, housing starts, problems, letter, Warren Buffett, Berkshire Hathaway, Q4
Hometrack puts February house prices 0.3% ahead

Hometrack has reported a 0.3% rise in house prices in February, compared to January. Southern England continued to see the greatest upward pressure on prices, with average values in London up by 0.7% in the month. According to the housing intelligence...

Published 03-02-2010 8:01 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, survey, Property News, February, house price, average, Hometrack, asking price, sales agreed, buyer registrations
House prices dip 1% in February

In the first of the UK house price indices for February, Nationwide has reported a 1% drop in the average value of a home, compared to a month earlier. The decline ends nine consecutive monthly rises and the building society points out that bad weather...

Published 02-26-2010 8:54 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, fall, Property News, February, house price, housing market, Nationwide, average
BoE policy maker cast doubt on house price recovery

A member of the Bank of England’s Monetary Policy Committee (MPC) has cast doubt on the idea of a continued recovery of the UK housing market. Addressing the Treasury Select Committee earlier this week, Kate Barker stated a personal view that mortgage...

Published 02-25-2010 10:36 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Property News, housing market, recovery, UK house prices, Kate Barker, Treasury Select Committee, Monetary Policy Committee, 2011
US new home sales in third consecutive monthly fall

The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen. According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally...

Published 02-24-2010 6:27 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, interest rates, Federal Reserve, US, fall, Property News, January, sales, Commerce Department, third, recovery, weather, new homes, consumer confidence, month, consecutive
Federal Reserve chairman pledges low interest rates for long-term

Chairman of the Federal Reserve Ben Bernanke has today said US interest rates will need to stay low in order to keep the economic recovery on track. In a testimony before Congress, Bernanke said there was a “nascent economic recovery” and...

Published 02-24-2010 6:01 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, inflation, interest rates, Federal Reserve, US, Ben Bernanke, fall, Property News, central bank, unemployment, sales, low, recovery, new homes, consumer confidence, pledge, extended period, nascent, long-term

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