House prices rose by 1.6% in August

House price bounce extended into August • House prices rose by 1.6% in August • Year-on-year decline slows from -6.2% to -2.7% • Low interest rates helping to underpin prices for the moment Commenting on the figures Martin Gahbauer, Nationwide’s Chief Economist, said: “The price of a typical house rose for the fourth consecutive month [...]

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Bottom of the market

Having spoken to numerous estate agents over the last few week there seem a consensus of opinion that we are now at the bottom of the market. How long we stay here is the unknown, lenders are starting to introduce some better products/rates and the buyers are returning to the high streets in search of [...]

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Will house prices really take a decade to recover?

With reports out this week suggesting that the housing market is not set to recover for at least another 10 years, what do you make of it all? Banks are clearly needing to react, and have done sharply, to their “how much do you want” attitude, as greed for business has been the thorn in [...]

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Bank slashes rates to 2%

The Bank of England has just announced a dramatic follow-up to its rate cut in November, by announcing a further 1% off its base rate. With interest rates at 2%, the lowest level since 1951, we must now see lenders pass on these reductions to its customers. Halifax were amongst the first to reassure its [...]

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Land Registry: House price falls hit 8%

House price falls almost doubled year-on-year to 8% as the average property lost £5,700 in September, according to the Land Registry. The average home fell by 2.2% in September, which led to the annual rate of decline accelerating rapidly from 4.6% in August. An average property now costs £168,814, according to the Land Registry, with [...]

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