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UK Property Asking Prices Rise in April
The latest report by Rightmov suggests that house prices in the UK have risen by almost 3% in the first 2 weeks of April.As such, average asking prices in England and Wales have reached 243,700 pounds (a 2,9% monthly increase), while prices in London stabilised at 464,950 pounds (a 2,1% monthly increase).In the opinion of property experts, price... Read more
UK House Sold for Just 8,250 Pounds
On Monday, the cheapest house in the UK attracted only 1 bid at an online auction. The starting bid of 1 pound was increased only to 501 pounds, thousands away from 10,000 reserve price.The two-bedroom house located at 29 Church Street in Ferryhill, near Durham, however, was finally sold for 8,250 pounds at an auction in Hardwick Hall.The winning... Read more
UK House Prices Rise by Almost 400% in 25 Years
According to one of the latest studies by Halifax, UK house prices have risen by almost 400% in the past 25 years. As such, an average price of a house rose from 35,000 pounds in 1986 to 169,000 pounds in 2011.Interestingly enough, the biggest increase was seen in Truro, Cornwall rather than London. It amounted to 550%. The City of Westminster in... Read more
Brits Are Confident in UK Property Market
The latest research by Clydesdale and Yorkshire Banks suggests that the vast majority of UK homeowners (84%) believe that their properties will be priced the same or higher in the next 12 months.Only the remaining 16% of Brits are concerned that their homes will decrease in the value over this period.The most optimistic property owners live in... Read more
UK House Prices Increase in January – Land Registry
Yesterday, on February 28th the Land Registry published its house prices report for January, 2012. Even though all other companies have already revealed these figures. property experts were looking forward to see statistics from the Land Registry as it is considered to be the most accurate.According to the latest data, house prices in the UK fell... Read more
UK House Prices Fall by 24% Since 2007 – Halifax
The latest report by Halifax suggests that house prices in the UK have fallen by 24% since their peak in 2007.Now, an average house in Great Britain is priced at 172,400 pounds, down from 228,200 in 2007.The only 2 regions in the UK where house prices are currently higher than they were prior to the downturn, are Rochford in Essex and South... Read more
UK Prime Property Prices Rise in May
The latest research carried out by PrimeLocation revealed that prime property prices in Great Britain increased by 1.3% in May. Now they stand at 462,153 pounds, which is 1.4% higher than in May 2010. May marked the 3rd consecutive month of growth.Let us remind that back in 2008, when UK property market was on its peak, prime property was priced... Read more
UK House Prices Rise in June – Rightmove
Rightmove, UK-based property agency, published its latest House Price Index tonight, on June 20th.According to the company's estimates, sellers have raised house prices by 0.6% in June. This marks the 6th consecutive month of rises in property values. At the moment, an average property in Great Britain is priced at 240,394 pounds, which is 1.1%... Read more
Brits Expect House Prices to Grow
The latest Halifax Housing Market Confidence Tracker report suggests that more Brits expect house prices to rise than to fall.As such, over 30% of survey respondents said that UK property values will grow in the next 12 months. The proportion of those who said they will fall reached 23%. The remaining 47% said they were not sure.It is interesting... Read more
Halifax Publishes House Price Report for May 2011
The latest house prices report published by Halifax, Lloyds Banking Group mortgage branch, on June 7th suggests that property values in Great Britain rose by 0.1% in May.Let us remind that one month earlier house prices across the country decreased by as much as 1.4%. However, in May prices already reached £160,519. Although higher than in... Read more