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Survey: house price decline softens

March 13, 2012 By Leave a Comment
How to value your home.

House prices fell in February, a report has said, but at the slowest rate in 18 months as sales continued to rise. A balance of 13% of estate agents reported falling prices in February, the Royal Institution of Chartered Surveyors (Rics) said, with London being the only part of the country to register an increase in property prices. The softer fall in prices came as a balance of 16% of surveyors reported an increase in the number of sales, which despite being historically low is the best reading since September 2010. The market has seen an upturn in activity as the March 24 deadline … [Read more...]

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Beatles childhood homes in Liverpool listed

March 6, 2012 By Leave a Comment
Beatles Childhoos Homes

The childhood homes of Paul McCartney and John Lennon in Liverpool, where the Beatles composed and rehearsed many of their early hits, have been listed at Grade II. Can homeowners living in the area hope to see the value of their homes rise, and more generally, should aspiring homeowners buy near celebrity homes (if they can afford it)? The two houses, which are both managed by the National Trust, were listed by the tourism and heritage minister, John Penrose, on the advice of English Heritage last week. This means that they cannot be knocked down or altered without special permission from … [Read more...]

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Prime Scottish Property Prices Slip by 3.2% in 2011 but the Scottish Borders Buck the Trend

January 30, 2012 By Leave a Comment
Scotland, Edinburgh

 Knight Frank Prime Scottish Property Index, Q4 2011 Headlines: Scottish prime house prices down 1.3% in Q4 after a 1.5% decline in Q3 Values are down 3.2% on an annual basis Large country houses have fallen in value by 4.3% year on year, while cottages are down 1.5% Prices are still rising in the Scottish Borders, with a 1.2% annual rise, but average values down 7% in the South West Stock levels up 10% Property in Edinburgh: prices down 1% in Q4 taking the annual decline to 2.8% Average prices of country houses outside Edinburgh fell by 1.3% in the final three months of the … [Read more...]

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Scottish house prices fell back at end of 2011

January 24, 2012 By Leave a Comment
Scotland, Edinburgh

Residential property prices in Scotland started falling towards the end of 2011 as a summer gain fizzled out, the latest figures from chartered surveyors show. Year on year the average house price decline slowed to -0.8% in November compared to a fall of 1.4% the previous month but prices fell for the second successive month in a row. The price of flats fell by 2.2%, reflecting struggles faced by first time buyers, the survey from e.surv suggests. ‘Although prices were pretty much flat in 2011, they’ve shown tremendous resilience given the bleak economic backdrop. The upshot of … [Read more...]

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Housebuilders find their popularity on the wane

December 20, 2011 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

The housing market can hardly be said to be booming at the moment, but that hasn't stopped the housebuilders recently, in the Square Mile at least. The sector has found itself rather in favour with investors during 2011, with its stocks managing to outperform the FTSE All Share index by an average of over 20 per cent. Yet concern is increasing that their popularity could be on the wane, as Citigroup yesterday became the latest to lower its expectations for 2012. Citing their rather depressing forecast that UK GDP growth in the UK next year will be lower than previously hoped while … [Read more...]

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NAEA 2012 property market predictions

December 20, 2011 By Leave a Comment

The National Association of Estate Agents today revealed itspredictions for the UK property market over the next 12 months. NAEA chief executive Peter Bolton King said 2012 will see a ‘gradual’ recovery for the UK property market, as it continues to bounce along the bottom – with no “great upturn” to mark a change from the previous 12 months. Mr Bolton King said: “I don’t believe that we will see a significant fall in house prices over the next 12 months as some have feared. But equally, it is unlikely we will see any great upturn to help the market back to full capacity. … [Read more...]

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Confidence flags but two thirds of home movers still don’t believe house prices will fall next year

December 8, 2011 By Leave a Comment
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Optimistic potential house buyers believe that property prices will not fall in 2012, defying the current economic gloom and turmoil which blankets the UK. Research from Rightmove’s latest Consumer Price Forecast, which polled more than 25,000 respondents, has revealed that 63 per cent of prospective home-movers believe that prices in their area will not be lower in a years’ time But of those 63 per cent, only 22 per cent predict house prices to be higher, while a much larger 41 per cent believe they will remain steady - 31 per cent expect prices to be drop next year, … [Read more...]

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UK property prices set to finish the year where they started

December 7, 2011 By Leave a Comment
Edinburgh Town House - Home Staging

UK residential property prices in the three months to November were 0.6% lower than in the preceding quarter and down 0.9% on a monthly basis according to the latest figures to be published today (Tuesday 06 December). The data from the Halifax shows that the underlying market trend was negative for the second successive month following three consecutive increases. There has been an even split of monthly price rises and falls this year with five of each and one month of no change. The average UK house price is now £161,731 on a seasonally adjusted basis. Annually they are down 1% which … [Read more...]

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Home buyers who need mortgage help may be forced repay state

December 7, 2011 By Leave a Comment
renting

By Ian Cowie Your Money Last updated: December 7th, 2011 Home buyers who lose their job and need state help with mortgage interest may have to repay this or give up some or all of the proceeds of their property’s sale in future, if new rules being considered by the Government pass into law. As unemployment rises and the house prices fall, is this another attack on the squeezed middle or an overdue reform to cut spending and improve public finances? Lord Freud, the Minister for Welfare Reform, said “The current system of Support for Mortgage Interest (SMI) payments does not … [Read more...]

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Home movers predict rising prices

December 6, 2011 By Leave a Comment
Edinburgh Town House - Home Staging

Around two-thirds of people looking to move home have defied economic gloom by predicting that house prices will hold steady or go higher in a year's time. Rightmove's Consumer Price Forecast found that 63% of prospective home movers felt prices would remain the same or rise, while less than a third (31%) expect prices to be lower and around 6% of people do not know what to expect. Transactions have stuck at sluggishly low levels since the financial crisis, with mortgage lenders and potential buyers exercising caution as the eurozone crisis unfolds and the employment situation … [Read more...]

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