Buy-to-let ignites chain reaction, driving prices to record high

  Average price of property coming to market up by 1.3% (+£3,843) to set a record high of £307,033 Rush from investors to buy before April 1st helped to ignite an onward chain reaction: Stamp duty deadline gave early impetus to bottom of the market and had knock-on effect of energising the higher sectors of the market This month’s rise is driven by second-stepper and top of the ladder sectors, while smaller properties in first-time buyer/buy-to-let sector see monthly price drop of 1.4% While buy-to-let momentum at the bottom of the market has now dropped away, demand remains high with record visits on Rightmove in March; will first-time buyers take this opportunity to fill the void? Overview The average price of property coming to market is at another all-time high, up by £3,843 to a new record of £307,033. The Chancellor’s autumn statement and announcement of the April buy-to-let stamp...
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January 2016 Property Trends Infographic

Rightmove’s January House Price Index revealed that the price of property coming to market is up 0.5% (+£1,509), the second highest Christmas/New Year period rise since 2007.
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December Property Trends

Rightmove’s December House Price Index revealed the strongest December since 2006 as Rightmove forecasts 6% rise next year.  
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Annual house price growth rises to 9.0%

  The Halifax recently released their House Price Index for August 2015. House prices in the latest three months (June-August) were 3.0% higher than in the preceding three months Prices in the three months to August were 9.0% higher than in the same three months a year earlier The average monthly costs associated with buying a three bedroom house in the UK for a first-time buyer are £56 lower than the typical monthly rent paid Commenting, Martin Ellis, Halifax housing economist, said: "House prices in the three months to August were 3.0% higher than in the previous quarter. This measure of the underlying rate of house price increased from last month’s 2.5% but remained below June’s 3.3%. “The underlying pace of house price growth is strong. The shortage of secondhand properties for sale on the market is resulting in upward pressure on house prices. At the same time, economic recovery,...
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August property trends infographic

Rightmove’s August House Price Index reported the strongest August market since credit crunch as sellers stay away.
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Number of property transactions decreased

The Land Registry recently released their HPI for June 2015. Annual growth of 5.4 per cent in June brings the average house price in England and Wales to £181,619 The number of property transactions has decreased over the last year. From January 2014 to April 2014 there was an average of 66,949 sales per month. In the same months a year later, the figure was 57,918. The June data shows a monthly price increase of 1.1 per cent. The annual price change now stands at 5.4 per cent, bringing the average house price in England and Wales to £181,619 Average annual change in residential property prices The June data for London shows a monthly increase of 1.8 per cent. At 9.2 per cent, the annual change for London is considerably higher than most other regions. The average price of property in the capital is £481,820 in comparison with the average...
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Supply remains tight says the Halifax HPI

House prices in the three months to March were 2.6% higher than in the previous three months. This measure of the underlying rate of house price growth increased for the third consecutive month in March. Annual price growth, however, fell slightly again, from 8.3% in February to 8.1%, and is comfortably below last July’s peak of 10.2%.
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Land Registry shows annual growth of 6.5 per cent in February

The annual price change now stands at 6.5 per cent, bringing the average house price in England and Wales to £180,252
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Rightmoves March Infographic shows pre-election slowdown

Rightmove’s March House Price Index reported that the price of property coming to market is up by 1.0% (+£2,748), a more muted rise at this time of year for three years suggesting a pre-election slowdown.  
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Structural housing shortage results in not enough sellers and rising prices

Decades of inadequate provision of homes to satisfy growth in demand are having an increasing effect, with a tight-stock market resulting in a shortage of quality property for sale to trade up to.
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Annual house price growth continued to moderate at the start of 2015

  Key Facts: Annual house price growth slowed to 6.8% in January from 7.2% in December Annual house price growth slowed for the fifth month in a row UK house prices rose by 0.3% in January Commenting on the figures, Robert Gardner, Nationwides Chief Economist, said: “Annual house price growth continued to soften at the start of 2015, slowing from 7.2% in December to 6.8% in January. This is the fifth month in a row in which annual growth has moderated, despite house prices increasing by 0.3% month on month in January. After taking account of seasonal factors, UK house prices are currently 2.4% above their pre-crisis peak. “The further moderation in the pace of price growth is unsurprising, given the slowdown in housing market activity in recent months. The number of mortgages approved for house purchase has been around 20% below the level prevailing at the start of 2014 and...
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Lowest annual price growth of just 1.5 percent for the North West

The Land Registry has released its December HPI report. The December data shows an average house price in England & Wales of £177,766, compared with a peak of £181,138 in November 2007. London experienced the highest annual increase in property value with a movement of 16.3 per cent. The North West saw the lowest annual price growth of 1.5 per cent.
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House prices continue to increase strongly across the majority of the UK, with prices in London again showing the highest growth.

House prices are no longer at record levels in any region of the UK, with the majority of regions having reached a record level in August 2014.
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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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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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Annual house price growth slows again in November

The Nationwide released its HPI for November. Key Facts: UK house prices rose by 0.3% in November Annual house price growth slowed to 8.5% Commenting on the figures, Robert Gardner, Nationwides Chief Economist, said: “The annual pace of house price growth continued to soften in November, falling from 9.0% in October to 8.5%, marking the third consecutive month where annual growth has moderated. This is despite house prices increasing by 0.3% month on month in November. “Housing market activity levels have remained relatively weak in recent months. The number of mortgages approved for house purchase in September was almost 20% below the level prevailing at the start of the year and 27% below the long-term average. Similarly, housing market turnover rates are well below long-term averages. For example, the number of mortgage transactions is currently equal to around 4% of the housing stock - well below the long-run average of 6% Stronger Economy should underpin activity “There is something of a disconnect...
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Halifax HPI shows weakening demand for property

Activity continues to decline with mortgage approvals in September falling for the third successive month to a 14 month low, whilst home sales are at their lowest level since October 2013. The associated weakening in demand has brought supply and demand into better balance. Says Martin Ellis, Housing Economist
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Average House Price in England and Wales increases by 7.7% to £177,377

  The Land Registry released its HPI for October 2014 last week. The October data shows a monthly price increase of 0.1 percent. The annual price change now stands at 7.7 per cent, bringing the average house price in England and Wales to £177,377. The number of property transactions has increased over the last year. From May 2013 to August 2013 there was an average of 71,463 sales per month. In the same months a year later, the figure was 80,596. London Data The October data for London shows a monthly increase of 0.7 per cent. At 18.6 per cent, the annual change for London is considerably higher than other regions. The average price of property in the capital is £460,060 in comparison with the average for England and Wales of £177,377. Key regional observations  The region with the most significant annual price increase is London with a movement of 18.6 per cent. Wales saw the lowest annual price growth with a movement of 2.0 per cent. The East experienced the greatest monthly price...
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November property trends infographic

Rightmove’s November House Price Index reported the price of property coming to market is up by 2.6% (+£6,784) this month, though annual rate drops from 7.9% to 7.6% as pace of rises slows.
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House prices 2.7% higher than previous quarter

The Halifax House Price Index shows that in the three months to September 2014 house prices were 2.7% higher than in the three months to June.
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