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
The housing market is still falling – but the pace of the slide is slowing down, according to the latest property price report.
Prices slipped by 0.2% in October – compared to a 0.1% fall over the previous five months in a row, says Hometrack, an independent house price data analyst.
Homes were losing value at a greater pace in the West Midlands (down 0.6%); East Midlands (down 0.4%) and the North East (down 0.4%).
House prices were 2.8% down on October last year.
The number of postcode areas registering price falls increased by a third in October, compared to a quarter in September. Continue reading Economic Woes are Still Pushing House Prices Down
"London could see a 140% rise is house prices"
Property investors are ready to see prices at least double in some London hotspots, according to estate agents Knight Frank.
Some neighbourhoods may see prices shoot up by up to 140 per cent by the end of 2016, says the study.
The findings reveal different price drivers for neighbourhoods across the capital – but two main factors that are due to influence prices are the Crossrail project and redevelopment of the landmark Battersea Power Station. Continue reading London Property Prices Set for 140% Increase
More stubborn sellers with luxury homes who refuse to drop their house prices are becoming reluctant landlords, according to letting agents.
Their reluctance to sell is pushing up the average value of a buy to let property. Continue reading Stubborn sellers let luxury homes rather than drop prices
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