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UK Property News 05 2007

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Nationwide: House prices up 0.5% in May

The rate of growth in house prices has slowed to 0.5 per cent in May, according to the latest figures from Nationwide Building Society, although annual rates of inflation remained "resilient".

31 May 2007
Nationwide: House prices up 0.5% in May
Buyers 'prefer older property'

Older homes are being favoured over new-builds by many buyers because of simple factors such as location and storage space rather than for period features, the British Property Federation (BPF) has said.

31 May 2007
Buyers 'prefer older property'
Land registry: House prices up 9.1%

House price inflation reached one of the highest levels of the last two years in April, the latest property market figures from the Land Registry have revealed.

30 May 2007
Land registry: House prices up 9.1%
Slowdown in lettings demand reported

There has been a significant slowdown in demand for rental property in the first three months of this year, the Royal Institution of Chartered Surveyors (Rics) has reported.

30 May 2007
Slowdown in lettings demand reported
Modest price rises expected for 2007

House prices will rise by only four per cent in 2007 as a result of interest rate rises and affordability pressures, one property company has predicted.

29 May 2007
Modest price rises expected for 2007
200,000 earmarked for Hips

Fewer than 200,000 property sellers are likely to need Home Information Packs (Hips) when they are introduced on a staggered basis later this year, market observers have claimed.

29 May 2007
200,000 earmarked for Hips
Co-ownership 'the only way' for first-time buyers

Shared ownership arrangements could be the only way for many first-time buyers to get their foot on to the property ladder, one industry body has warned.

25 May 2007
Co-ownership 'the only way' for first-time buyers
Buy-to-let market has 'buoyant' first quarter

The buy-to-let property market remained strong in the first quarter despite recent increases in rents, the National Association of Estate Agents (NAEA) has said.

25 May 2007
Buy-to-let market has 'buoyant' first quarter
Third of first-time buyers 'need parent's help'

Nearly a third of hopeful first-time buyers are getting financial help from their parents in order to pay for their first home, research suggests.

24 May 2007
Third of first-time buyers 'need parent's  help'
Hips delay "good for the industry"

The government's decision to delay the launch of Home Information Packs (Hips) until August 1st is a "good thing for the industry", one Hips provider has said.

24 May 2007
Hips delay "good for the industry"
Cost concerns prevent buy-to-let investment

Concerns over costs are stopping many people from entering in to the buy-to-let market, a recent study suggests.

23 May 2007
Cost concerns prevent buy-to-let investment
Hips roll-out to be delayed

The government yesterday announced that the national roll-out of Home Information Packs (Hips), initially planned for June 1st, is to be delayed until August 1st amid confusion over the inclusion of Energy Performance Certificates (EPCs).

23 May 2007
Hips roll-out to be delayed
Hips 'will benefit first-time buyers'

The introduction of Home Information Packs (Hips) in June is likely to significantly benefit first-time buyers, the Association of Home Information Pack Providers (AHIPP) has claimed.

22 May 2007
Hips 'will benefit first-time buyers'
House prices rise by 11%, says Assetz

House prices have increased by an average of 11.1 per cent in the last year, analysis of the five major house price indexes has shown.

22 May 2007
House prices rise by 11%, says Assetz
Central London property value growth continues

The good news continues for prospective property sellers in central London, with price increases of 33 per cent reported in the latest figures.

21 May 2007
Central London property value growth continues
House prices 'to increase' in pre-Hips rush

House prices will continue to rise in the coming weeks as sellers and buyers alike rush to finalise property deals ahead of the introduction of Home Information Packs (Hips) on June 1st, according to new research.

21 May 2007
House prices 'to increase' in pre-Hips rush
Newer forms of housing 'see building increase'

There has been an increase in the number of flats, terraced housing and maisonettes available to buyers in Britain as a result of the demand for more affordable property, data from the National House-Building Council (NHBC) has shown.

18 May 2007
Newer forms of housing 'see building increase'
Property building figures 'highest since 89'

Figures released by the government suggest that the number of new properties being built has hit its highest level for almost 20 years.

18 May 2007
Property building figures 'highest since 89'
Green groups warn MPs not to delay Hips

A coalition of green energy groups warned MPs yesterday not to delay the introduction of Energy Performance Certificates (EPCs), which will be included in home information packs (Hips).

17 May 2007
Green groups warn MPs not to delay Hips
Tories lose crucial vote on Hips

Home information packs (Hips) look set to come into force after the Conservatives lost a House of Commons vote to scrap their introduction.

17 May 2007
Tories lose crucial vote on Hips
Lenders 'increase borrowing rates'

A number of mortgage lenders have announced that they will raise their interest rates after the Bank of England (BoE) hiked the base rate up to 5.5 per cent last week.


16 May 2007
Lenders 'increase borrowing rates'
Rics takes Hips to court

Home information packs (Hips) have come under new scrutiny from the Royal Institution of Chartered Surveyors (Rics) after the latter launched court proceedings against the controversial measures.

16 May 2007
Rics takes Hips to court
Variable rates holders 'set to suffer after rate rise'

Thursday's rise in the base rate of interest rates means that borrowers who hold variable rate mortgages will see an increase in repayment levels, according to mortgage broker London & Country (L&C).

15 May 2007
Variable rates holders 'set to suffer after rate rise'
Property prices 'show slight rise'

The average price of a property in the UK rose by 1.1 per cent between March and April, says new findings from the Department for Communities and local Government (DCLG).

15 May 2007
Property prices 'show slight rise'
Chancellor wants 'five eco towns'

In order to meet demand for homes and a drive towards increased house building, chancellor Gordon Brown has said that he wants to create five "eco" towns.

14 May 2007
Chancellor wants 'five eco towns'
'Unpopularity' of estate agents grows

Estate agents have never been as unpopular as they are today, according to a new survey from The Ombudsman for Estate Agents, reports the Press Association.

14 May 2007
'Unpopularity' of estate agents grows
Rate rises 'could affect property sales'

Interest rates have seen a further hike to 5.5 per cent after the Bank of England announced a quarter-point rise yesterday.


11 May 2007
Rate rises 'could affect property sales'
CIH: 'tenants make payments top priority'

Most tenants attempt to make rent payments the top of their agenda, according to new research from the Chartered Institute of Housing.


11 May 2007
CIH: 'tenants make payments top priority'
Customer confidence in economy 'on increase'

The Nationwide Consumer Confidence Index has seen a two point increase to hit its highest level since October last year.

10 May 2007
Customer confidence in economy 'on increase'
Property inflation levels 'stable in April'

New research from Halifax has claimed that house price inflation was relatively unchanged for the month of April.

10 May 2007
Property inflation levels 'stable in April'
'Adequate' assessors available for introduction of Hips

A new survey from Home Inspectors and Domestic Energy Assessors (DEAs) has claimed that there will be over 3,500 trained operatives to deal with the introduction of home information packs (Hips) when they come into force in June.



09 May 2007
'Adequate' assessors available for introduction of Hips
Buy-to-let market 'in good health'

The buy-to-let sector looks to be in robust health with one in four landlords claiming they have seen returns of 30 per cent or over from such investments in the last two years.



09 May 2007
Buy-to-let market 'in good health'
London property sees further price hike

The average price of a house in London has increased again, according to data released from haart estate agents.

08 May 2007
London property sees further price hike
Youth 'taking on debt to buy property'

New research by Engage Mutual suggests that today's youth are staying at home for a longer period of time and taking on increased debt levels.

08 May 2007
Youth 'taking on debt to buy property'
Asking prices on the rise

New research has shown that UK property asking prices are rising at their fastest for five years.

04 May 2007
Asking prices on the rise
Ahipp hits back at Lords report

The Association of Home Information Pack Providers (Ahipp) has criticised the House of Lords report published this week, which had called for the government's Home information packs (Hips) scheme to be axed.

04 May 2007
Ahipp hits back at Lords report
CML tips rate rise to 5.75 per cent

In news that will be of interest to buyers and sellers alike, the Council of Mortgage Lenders (CML) has said a rise in the Bank of England base rate cannot be ruled out.

03 May 2007
CML tips rate rise to 5.75 per cent
House prices continue surge

House prices are continuing to show little or no sign of a slowdown, according to new figures from the Land Registry.

03 May 2007
House prices continue surge
Landlords optimistic about future of buy-to-let

A survey of landlords has shown that there is widespread optimism about the future of the buy-to-let industry in Britain.

02 May 2007
Landlords optimistic about future of buy-to-let
Hips scheme criticised by lords

The government's Home information pack scheme (Hips) has come in for severe criticism and should be dropped, a House of Lords committee has said.

02 May 2007
Hips scheme criticised by lords
Wales emerges as property hotspot

Wales has emerged as a boom region in the buy-to-let market, according to experts in the industry surveying trends in the market.

01 May 2007
Wales emerges as property hotspot
Mortage lending falls

New British Bankers' Association (BBA) statistics show that the mortgage market has experienced a slowdown.

01 May 2007
Mortage lending falls




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