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     ::  Latest house market news - 24/8/2010  ::
 

This page will be updated on a regular basis for you, so you can keep up to date with what’s happening in the Housing Market, which, as you’ll almost certainly know, is constantly changing.

We use the National Press, www.rightmove.co.uk & www.hometrack.co.uk as our main sources of information but when possible we strive to give it the local perspective, as well as the national and global property market so it will be helpful to you.
 
 
Some updates for week commencing the 24th August 2010:

 

 

First Time Buyer UK Housing Mortgage Market The Toughest For Decades
The Market Oracle
Today's first time buyer entering the housing market will borrow more money and raise a larger deposit than at any other point over the past 25 years, ...
See all stories on this topic »

Slowth hits the housing market
propertytalk Live!
“There remains significant uncertainty in the UK housing market and it seems probable that it is set for a protracted period of relatively slow growth by ...
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Village 'People Power' Will Hurt Fragile Housing Recovery
Investor Today
The fragile shoots of recovery in the UK housing market are in danger of being nipped in the bud by Government plans to introduce community voting schemes ...
See all stories on this topic »

Mortgage lending rises but housing market remains slow
The Guardian
The caution exhibited by mortgage borrowers is contradicted by UK retail sales figures released by the Office for National Statistics today, ...
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Investing in property in Crete makes sense
A Place in the Sun
It apparently makes more sense for property investors to buy property in Crete, rather than keep their money invested in the UK housing market, according to ...
See all stories on this topic »


A Place in the Sun

House prices drop but agents 'optimistic' about future sales
Wokingham Times
The latest RICS UK Housing Market survey shows fewer people want to buy property but more people are looking to sell, causing house prices to drop. ...
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Uni 'can boost housing market'
The Press Association
... local housing market, particularly when student numbers are rising, research has indicated. Six out of 10 university towns across the UK have seen house ...
See all stories on this topic »

 

 

The UK Housing Market – What Happened? | 2012 Doomsday Predictions
By 2012 Doomsday Predictions
Following years of growth the UK housing market is slumping with an annual fall to date of 10.9%. Here we look at what is happening and where the.
2012 Doomsday Predictions - http://www.2012-doomsday-predictions.com/

Opalesque Real Estate Briefing | UK: Housing market 'not turned ...
By Laxman
UK: Housing market 'not turned corner yet'. Posted on 20 August 2010. From Dailystar.co.uk: News of house-price increases and relaxation of some mortgage lending rules last week could signal that the property market is on the verge of ...
Opalesque Real Estate Briefing - http://www.opalesque.com/Realestate_Briefing/

UK Housing Market Is A Buyer's Market at Pradx.org
By Clare Westwood
UK Housing Market Is A Buyer's Market. It has been announced that one third of properties for sale will be sold after making a reduction on the original asking price. Selling a house in the current property market is becoming harder ...
Pradx.org - http://pradx.org/

Banks Enjoying Record Profit Margins on UK Mortgages at Borrowers ...
The UK housing market peaked in August 2007 and entered into a 2 year bear market exactly as forecast at the time (22 Aug 2007 - UK Housing Market Crash of 2007 - 2008 and Steps to Protect Your Wealth ), analysis which projected towards ...
The Market Oracle - http://www.marketoracle.co.uk/

Mortgage lending rises but housing market remains slow | Finance
By Admin
The UK's housing market remains slow despite an increase of 5% in mortgage lending in July, compared to June. Photograph: Russell Boyce/Reuters Mortgage lending rose by 5% in July compared to the previous month, to £13.6bn, but was down ...
Online Stock Trading - http://online-stocktrading.com/

PwC warns of 'slowth' decade for house prices - Telegraph
John Hawksworth, PwC's chief economist, said: "There remains significant uncertainty in the UK housing market and it seems probable that it is set for a ...
www.telegraph.co.uk/.../PwC-warns-of-slowth-decade-for-hou...

 

Bovis to resume dividend payments
Financial Times
Clyde Lewis, a housebuilding and construction analyst at Citigroup, said Bovis had the balance sheet strength to absorb a slight decline in house prices, ...
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Interest Rates and House Prices: A Murky World
New York Times (blog)
Could such changes explain the 53 percent real increase in housing prices between 1996 and 2006? The most straightforward means of measuring the impact of ...
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Editorial: Foreclosures Grind On
New York Times (blog)
As repossessed homes are put up for sale, house prices will probably fall further. As prices fall, more borrowers end up “underwater” — owing more on their ...
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Home owners pay £1700 a year more for fixed-rate mortgage deals
Telegraph.co.uk
A recent housing market survey by the Royal Institute of Chartered Surveyors found that house prices fell in July for the first time since July 2009, ...
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Telegraph.co.uk

Highlights: Geithner pushing housing policy change
Reuters
I mentioned that house prices are down 30 percent, we're going to see more price declines, foreclosures are rising, REOs (lender-owned property) are ...
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Today's House Prices Are Still Higher Than The Previous Bubble High
By Michael David White
But don't worry. The government will get them going in the right direction again.
Clusterstock - http://www.businessinsider.com/clusterstock

Interest Rates and House Prices: A Murky World - Economix Blog ...
By By EDWARD L. GLAESER
Both data and economic theory offer no certainty in analyzing the causes of the boom in housing prices, an economist writes.
Economix - http://economix.blogs.nytimes.com/

London Property Market Spawns A New Type Of Property Expert ...
Residential purchases in the Westminster and Kensington & Chelsea boroughs, where average house prices exceed 1.3 million pounds, are down 23 percent from the average since 1996, according to London Central Portfolio Ltd., ...
Latest Topics - http://www.housepricecrash.co.uk/forum/index.php?showtopic=106874&st=30&gopid=2571243&

Estate Agents Unfazed By Rightmove Report Of 1.7% Drop In House ...
Estate Agents Unfazed By Rightmove Report Of 1.7% Drop In House Prices:
Latest Topics - http://www.housepricecrash.co.uk/forum/index.php?showtopic=106874&st=30&gopid=2571243&

Tax credit bumps up house prices - The Boston Globe
Home prices rose in nearly two-thirds of US cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a ...
www.boston.com/.../08/.../tax_credit_bumps_up_house_prices...

Broad Stabilization in Second Quarter Metro Area Home Prices with ...
The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home ...
www.realtor.org/press_room/news_releases/.../second_metro

CRimages: CoreLogic House Prices June 2010
CoreLogic House Prices June 2010. See Calculated Risk Post: CoreLogic: House Prices flat in June · techieblogger.com · Techie Blogger. Image Archive ...
calculatedriskimages.blogspot.com/.../corelogic-house-prices-j...

 

 

UK house prices decline for second straight month
French Tribune
The UK house prices have fallen for the second consecutive month as supply surpassed the demand. According to the nation's biggest property website, ...
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PwC warns of 'slowth' decade for house prices
Telegraph.co.uk
UK house prices will not recover to their 2007 peak for another decade, once the effects of inflation are included, the world's largest accounting firm has ...
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Telegraph.co.uk

Wannabe buyers seeing rents rise
BBC News
However, this would represent a lower rate of increase relative to the average real UK house price growth of about 4% per year between 1984 and 2007 and ...
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Bovis concerned about UK housing market
FinancialAdvice.co.uk
While the company reported a return to profitability, with £3.5 million surplus for the first six months of 2010, and an increase in both house prices and ...
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UK's Poundland predicts consumer pain as profits soar
Reuters
He said British consumers -- particularly those in public sector employment -- had lost confidence, a situation made worse by falling house prices and the ...
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Lloyds TSB says rise in students leads to rise in house prices
Merchant News
Edinburgh, which has the eighth highest student population within the UK, saw only an 11 per cent rise in the price of houses over the past five years.
See all stories on this topic »

Are mortgage lenders 'profiteering' as house prices fall?
Telegraph.co.uk (blog)
House prices are likely to continue to drift down while the stand-off between fearful borrowers and lenders continues. Most homebuyers will be able to sit ...
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Telegraph.co.uk (blog)

UK Economy Set to Take a Pounding as Traders Turn Bearish
Bloomberg
Gains in London house prices in the first-half of 2010 were wiped out this month as the market weakened, Rightmove Plc, operator of the UK's biggest ...
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Opalesque Real Estate Briefing | JLL: Average UK house price ...
By Laxman
From Europe-re.com: According to Jones Lang LaSalle's latest Residential Market forecast, average UK house prices have started to slide with annual growth currently at 6.6%, down from a peak of 10.5% in April 2010. ...
Opalesque Real Estate Briefing - http://www.opalesque.com/Realestate_Briefing/

News Blog > Paying for a scam - HousePriceCrash.co.uk
By ant
So why do we put up with this? Because of the propaganda that "UK house prices and financial sector are the drivers of our economy", which is true in a way - they are driving us into the abyss. ...
House Price Crash News Blog - http://www.housepricecrash.co.uk/newsblog/index.php

News Blog > Jones Lang LaSalle's (JLL) latest residential market ...
By jack c
Average UK house prices have started to slide with annual growth at 6.6 per cent in August, data from Jones Lang LaSalle's (JLL) latest residential market forecast has shown. Annual growth is down from the peak recorded by JLL in April ...
House Price Crash News Blog - http://www.housepricecrash.co.uk/newsblog/index.php

Tips For Buying A House? - House Price Crash forum
Tips For Buying A House?: When the time finally comes.
Latest Topics - http://www.housepricecrash.co.uk/forum/index.php?showtopic=106874&st=30&gopid=2571243&

Rightmove: House prices down 1.7% | www.easthamsandco.co.uk
By admin
UK property asking prices fell for the second month in succession as the market was hit by over-supply and subdued activity in the summer holidays. The.
www.easthamsandco.co.uk - http://www.easthamsandco.co.uk/

 

Video: Business Bullet: China, Euro, UK house prices, BAA - Telegraph
Robert Miller with the latest City and business news on an end-of-week rebound for the Asia Pacific markets; the cost of raising money for the smaller ...
www.telegraph.co.uk/.../Business-Bullet-China-Euro-UK-hous...

U.K. House Prices Drop For Second Month, Says Rightmove
U.K. House Prices Drop For Second Month, Says Rightmove ... (RTTNews) - The average asking price for a house in England and Wales dropped for the second ...
www.rttnews.com/ArticleView.aspx?Id=1393799

XE.com - UK house prices steady on the month in June - DCLG
LONDON, Aug 10 (Reuters) - House prices in Britain held steady on the month in June, government data showed on Tuesday. The Department for Communities and ...
www.xe.com/news/2010-08-10%2004.../1326105.htm?c...

House Price Index - June 2010 - Corporate - Communities and Local ...
The latest UK house price index statistics produced by Communities and Local Government were released on Tuesday 10 August 2010. ...
www.communities.gov.uk/publications/corporate/.../hpi06201...