The lack of a joined up official and independent house price index for the UK is at the root of some statistical anomalies in recent surveys.
In the space of a few days, landlords, buyers and other property people have been bombarded with numbers that just don’t add up: Continue reading Why house prices can go up and down at the same time
Property investors looking for homes with the best capital growth should look for homes built before the end of the First World War, according to new research.
High ceilings, decorative features, larger rooms and often larger plots have all contributed to the massive 461% price rise in homes built before 1919 – equivalent to just under a £17 a day rise for the past 25 years. Continue reading Period Homes Give Investors the Best Returns
The North may be lighting up the house sale statistics, but the number of homes changing hands is still down by almost half in the past 10 years.
Bury leads the way with a massive 44% surge in sales in the first six months of 2011, compared with the same time last year. Continue reading North-South Divide Flips the Other Way for House Sales
"Halifax believe house prices will remain as they are for some time"
House prices are unlikely to change for the rest of the year, according to one of the UK’s largest mortgage lenders.
The housing market has stuttered along for most of the year, with insignificant rises and falls as prospective buyers turned to renting due to problems raising large cash deposits and mortgages.
A general lack of confidence in the economy has not helped prices, which the Halifax says are 2.3% down compared with the same time last year.
The rate of decline is slightly lower than the fall of 2.6% seen in August and continues the improvement since May, when prices were 4.2% lower than those in May 2010. Continue reading House Prices Going Nowhere this Year, Says the Halifax
"City property is increasing by £131 a week"
Buy to let landlords with homes in cities have seen their properties rise in value by around 65% in the past 10 years.
The average city home has surged in price by £68,236 or £131 a week since 2001, according to the Halifax Cities Review.
City living tends to cost more than having a home in the countryside, which is reflected in higher comparable house prices.
Winchester, Hampshire, is the most expensive city in England and Wales, with homes changing hands at 77% more than those throughout the county. Continue reading City Slicker Landlords Cash In
The latest lender statistics showing house prices have slumped by 0.1% in a month are next to meaningless.
The cost equivalent of the price fall is around £163 since February for the owner of an average home and the percentage change is considered as rounding to most mathematicians. Continue reading Why the latest house prices statistics are meaningless