December property trends Rightmove infographic

Rightmove’s December House Price Index reported that the year ends with largest ever monthly fall in price of property coming to market — down by nearly £9,000 — leaving prices up +7.0% during 2014.
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Analysts predict market slow down

Analysts predict market slow down and dip in the London market, due to the forthcoming election and mansion tax.
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Halifax release their HPI for December 2014

House prices in the last three months of 2014 (October-December) were 0.3% higher than in the previous three months (July-September 2014). This quarterly rate of increase declined for the fifth consecutive month and was the lowest since November 2012 (-0.3%).
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Annual house price growth continued to soften as 2014 drew to a close

The Nationwide released their HPI report for December. Key Facts UK house prices rose by 0.2% in December Annual house price growth slowed for the fourth month in a row to 7.2% from 8.5% in November House prices increased by 7.2% over the course of 2014, after rising by 8.4% in 2013 Commenting on the figures, Robert Gardner, Nationwides Chief Economist, said: “The pace of annual house price growth continued to soften as 2014 drew to a close,  slowing from 8.5% in November to 7.2% in December. This marks the fourth consecutive month in which annual growth has moderated, despite house prices increasing by 0.2% month on month in December. The 7.2% increase recorded over the year as a whole, is modestly lower than the 8.4% gain recorded in 2013. “While cooling in the London market is a part of the story, this is not the main explanation for the slowdown evident in the UK figures in recent months. Indeed, annual price...
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Repossession volumes exhibit a downward trend

The Land Registry HPI for November 2014 shows that the annual price change now stands at 7.1 per cent, bringing the average house price in England and Wales to £176,581.
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Student Founded Firm Joins Britains Fastest- Growing Businesses

Sir Richard Branson of Virgin, the title sponsor for all 17 years, commented on this year’s results: “There has never been a better time to grow a business in the UK, as this year’s Fast Track 100 list proves. The pick-up in confidence and the speed at which technology is changing markets means there are plenty of opportunities for innovative businesses with entrepreneurial spirit and great ideas to thrive. The Fast Track 100 companies continue to exceed expectations – let’s hope they act as a spur to the next generation of aspiring entrepreneurs.”
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CML says "Gross mortgage lending steady year-on-year"

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.9 billion in November. This is 9% lower than October (£18.6 billion), and matches the £16.9 billion seen in November last year.
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Year ends with largest ever monthly fall in price of property coming to market

Rightmove forecast for 2015: price of property coming to market to rise by between 4% and 5%, with upwards price pressure driven by:
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House prices continue to increase strongly across the UK says the ONS

Average house prices increased strongly in all nine English regions over the year to October 2014 (Figure 5). The largest increase was again in London at 17.2% followed by the South East (11.9%) and the East (9.6%).
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First-time buyers borrow 22% more in October than last year

The CML report for October 2014 shows that there is growth in lending trends to first time buyers, home movers and buy to let but a decline in remortgaging.
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