Posts Tagged ‘house price crash’
Saturday, November 28th, 2009
According to a report in The Daily Express the average house price has risen by £7,000 on the preceding 6 months. This equates to the price of a normal 3 bed semi-detached house rising from just under £153,000 to nearly £160,000.
This was welcomed by the property professionals as great news and as more evidence of a recovering housing market. They are saying that strong demand and weak supply has buoyed the market, which has lately brought more sellers in as they gain confidence from what they are seeing. …read more
Tags: House Price Bubble, house price crash, house price news, House Prices, house prices rise, housepricecrash, News, residential housing
Posted in House Price Bubble | 1 Comment »
Thursday, November 26th, 2009
With news of increases in house prices and an increase in mortgage approvals one might think the end of the bottom of the housing market has been reached. But are we looking at true stability? Or is this misleading data in a temporary flux that may pull buyers into a market with a long term downward trend? …read more
Tags: House Price Bubble, house price crash, House Prices, housing market, lenders, Property Market, residential property, The news
Posted in House Price Bubble | No Comments »
Sunday, November 22nd, 2009
From Monday the 23rd November to Friday 27th November is the National Week of Action on Empty Homes. The Empty Homes Agency (EHA) has reported that one in twenty properties has been unoccupied for over 6 months. That means that the number of empty properties has hit a record on one million. At the point of last year’s week of action the figure stood at about 760,000.
The Empty Homes Agency “is an independent campaigning charity, which exists to highlight the waste of empty property in England and works with others to devise and promote sustainable solutions to bring empty property back into use.” …read more
Tags: economics, empty homes, empty homes agency, house price crash, house price news, housepricecrash, News, Politics, squatters, squatting
Posted in House Price Bubble | 7 Comments »
Friday, November 20th, 2009
Nationwide’s profits have halved as its commercial property business experiences hundreds of millions of pound worth of impairment. Low interest rates have also had an adverse impact.
Graham Beale, the Nationwide Chief Executive, paints a very gloomy picture for the immediate future of the UK property market saying there will continue to be a “very difficult trading environment” with a continued weakening housing market. …read more
Tags: economics, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, nationwide, News
Posted in House Price Bubble | No Comments »
Monday, November 16th, 2009
A lot has been made in the recent past of the First Time Buyer (FTB) to the continuing health of the UK housing market. Access to mortgages and the deposit required by FTB takes up a lot of news columns and they are continually seen as the lifeblood of the residential market. Because of this we tend to ignore the other, equally as important, people involved. …read more
Tags: economics, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, News, residential house prices
Posted in House Price Bubble | 7 Comments »
Thursday, November 12th, 2009
The press often gives the impression that our economy is irredeemable. However, it is important to realise that the world economy never stopped growing in the course of this recession and that the UK is very much part of a globalised economy. We live in a time where billions of people are chomping at the bit to join the high-consuming middle classes. Unlike in times gone by, these people now have the education and infrastructure to achieve their goal. The world, therefore, has the potential to grow at an explosive rate and there is every reason to believe that a Britain full of international banks and multi-national corporations will be able to join the party. …read more
Tags: economics, House Price Bubble, house price crash, house price news, housepricecrash, housing market, News, Politics
Posted in House Price Bubble | 12 Comments »
Thursday, November 12th, 2009
An Office of Fair Trading draft report into the state of the property market has slammed the estate agency profession for dishonesty when presenting properties to the buying public. One of the most recent highly publicised cases was that of the agent selling a cottage neglecting to mention the nuclear reactors next door. …read more
Tags: economics, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, housing market, News
Posted in House Price Bubble | No Comments »
Monday, November 9th, 2009
According to the Edinburgh Solicitors’ Property Centre (ESPC), house prices in Edinburgh rose by 15.4% over the year to an average of £221,875. The EPC, which consists of over 230 member solicitor estate agents in East Central Scotland, puts this down to a higher proportion of larger houses being sold. 42% of October sales comprised of 3 and 4 bed-roomed houses compared to 36% last year. …read more
Tags: economics, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, News, property
Posted in House Price Bubble | No Comments »
Thursday, November 5th, 2009
How the Express get away with this I do not know. They’ve given up on Princess Diana stories but have wheeled out the property VI stuff again. But their whole article seems to be based on the ‘estimates’ of one estate agency (Winkworths) of 80 branches, which says that first time buyer activity has increased from 19% to 35%. But it does not state if these potential buyers are dreamers or really in a position to buy. …read more
Tags: economics, House Price Bubble, house price crash, housepricecrash, news house price news, Politics
Posted in House Price Bubble | No Comments »
Wednesday, November 4th, 2009
Zoopla , a property market website, has conducted a survey that indicates that the number of residential properties worth more than £1m has decreased from 1 in 97 before the crunch to about 1 in 150 today. Zoopla estimates this to mean that 35% fewer properties are worth more than £1m than before Nov 2007. …read more
Tags: economics, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, housing market, News, Politics, property millionaires, zoopla, zoopla.co.uk
Posted in House Price Bubble, News | No Comments »
Friday, October 30th, 2009
Visions of Armageddon can be quite entertaining. We all love a good disaster movie. To its credit, the blogoshere has skilfully identified its audience and marketed the mother of all calamity dramas.
Unfortunately, the stock and property markets have stubbornly refused to comply with the disaster movie script. It’s a fix! I hear you cry. Well yes, of course it’s a fix but the governments of the world do not consider it to be a fix. They see it as a white lie that will one day benefit us all. They might well be right. …read more
Tags: armageddon, banks, blogosphere, economics, GDP, House Price Bubble, house price crash, house price news, House Prices, housepricecrash, housing market, Housing market falls, News, Politics, Property Market, QE, Quantitative Easing, residential housing, Toxic assets, unemployment
Posted in House Price Bubble | 11 Comments »
So you think house prices are on their way back up?
Monday, January 25th, 2010…read more
Tags: Comment, House Price Bubble, house price crash, House Prices, housing market, interest rates, Mortgages, News, Property Market, Property Prices, rightmove.co.uk
Posted in Comment | 5 Comments »