UK Rightmove house price index eased in August

UK Rightmove house price index eased in June

United Kingdom House Price Index  | Data | Chart | Calendar

BUZ INVESTORS   house price index eased  House prices in the United Kingdom increased 3.3 percent year-on-year to an average of GBP 220,706 in the three months to May of 2017, below 3.8 percent in each of the previous two months but higher than market expectations of 3 percent. It is the smallest annual gain since May of 2013 and significantly below the 10 percent peak reached in March of 2016. On a monthly basis, prices rose 0.4 percent, the first gain so far this year and beating forecasts of a 0.1 percent drop. Compared with the previous three months, house prices fell 0.2 percent for the second time. House prices are expected to recover in the coming months supported by weak supply of new homes and existing properties, historically low mortgage rates and high employment rate. Housing Index in the United Kingdom averaged 356.33 Index Points from 1983 until 2017, reaching an all time high of 719.10 Index Points in December of 2016 and a record low of 96.10 Index Points in January of 1983.




house price index eased

United Kingdom House Price Index

In the United Kingdom Housing Index refers to Halifax House Price Index. The Index is based on a sample of mortgage data covering around 15,000 house purchases per month. This page provides – United Kingdom House Price Index – actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom House Price Index – actual data, historical chart and calendar of releases – was last updated on June of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
714.30 711.60 719.10 96.10 1983 – 2017 Index Points Monthly
1983=100, SA

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Buz Investors UK Rightmove house price The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

UK Rightmove house price index climbed in April

United Kingdom House Price Index Data | Chart | Calendar


source: tradingeconomics.com
 

BUZ INVESTORS UK Rightmove house price House prices in the UK increased by 3.8 percent year-on-year in the three months to March 2017, following a 5.1 percent gain in the the three months to February and missing market expectations of a 3.9 percent rise. It was the lowest annual rate since May 2013, significantly below the 10 percent peak reached in March 2016. A sustained period of house price growth in excess of pay rises has made it difficult for many to purchase a home. Still, a low supply of both new homes and existing properties available for sale, together with historically very low mortgage rates, is likely to support house price levels over the coming months. Housing Index in the United Kingdom averaged 354.59 Index Points from 1983 until 2017, reaching an all time high of 719.10 Index Points in December of 2016 and a record low of 96.10 Index Points in January of 1983.



UK Rightmove house price

In the United Kingdom Housing Index refers to Halifax House Price Index. The Index is based on a sample of mortgage data covering around 15,000 house purchases per month. This page provides – United Kingdom House Price Index – actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom House Price Index – actual data, historical chart and calendar of releases – was last updated on April of 2017.Like up on FACEBOOK


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Buz Investors UK Rightmove house price The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

UK Rightmove house price index rose in March

UK Rightmove house price index rose in March

Buz Investors UK Rightmove house price The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

Buz Investors UK Rightmove house price  The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

Price of property coming to market increases by 1.3% (+£3,877) this month, the same average rise as in buy-to-let-boosted March 2016

  • Monthly rise of this size has only been exceeded once at this time of year since 2007





 

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UK Rightmove house price

  • Modest annual growth of 2.3% compared to 7.6% in March 2016, highlighting slower pace of increase

Mighty Midlands leads the rest of the country with East and West Midlands prices at record highs

  • East Midlands up by 2.1% this month and 5.7% year-on-year, surpassing £200,000 for the first time
  • West Midlands monthly prices also up 2.1% and up 4.2% annually

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UK Rightmove house price index slid in December

UK Rightmove house price index slid in December

UK Rightmove house price index slid in December

  • Buz Investors  UK Rightmove house price index  slid 2.10% in the UK on a monthly basis, in December. In the previous month, the Rightmove house price index had fallen 1.10%.
  • Outer London (-0.2% on the month, and +10.6% annual rate) continues to out-perform Inner London (-0.9% on the month, and +9.1% annual rate) and we expect that trend to be more marked next year
  • As London’s cost of housing remains prohibitive for many, highly-skilled workers may choose to leave London for buoyant ‘city-regions’ further north and west

Rightmove house price index

Buz Investors  UK Rightmove house price index  slid 2.10% in the UK on a monthly basis, in December. In the previous month, the Rightmove house price index had fallen 1.10%. Outer London (-0.2% on the month, and +10.6% annual rate) continues to out-perform

Rightmove house price index  The seasonal 0.5% (-£3,318) dip in the price of property coming to market this month is the lowest December fall
seen in London since 2008. It gives a final flourish to the capital’s 2015 annual rate of increase which rises from
8.1% to 9.9%. There are continued signs of Outer London (-0.2% on the month, and +10.6% annual rate) marginally
outperforming Inner London (-0.9% on the month, and +9.1% annual rate), and we forecast that this divergence
will be more marked in 2016.

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Rightmove house price index

Miles Shipside, Rightmove director and housing market analyst comments: “Whilst a fall is the norm at this time of
year, this is December’s best price performance in the capital since 2008. Both Inner and Outer London are down
but Outer sits at 10.6% year on year providing more of the uplift than Inner London. The most buoyant sector in
London overall is the one made up of first-time-buyer type properties (two beds or fewer), up by 11% annually. It’s
the harbinger of another round of price rises in typically more affordable Outer London next year, which means
continued struggles for those whose affordability constraints have ruled them out of the market in 2015.”
Rightmove’s overall 2016 forecast for London is for new seller asking prices to rise by 3%. With increasingly
stretched affordability but continuing high demand, Outer London will markedly out-perform with an annual rise
in the region of +6%, while the well-publicised issues of Inner London will result in a 0% price standstill.
Shipside predicts: “Shortage of supply is an inherent factor in the London property market, and there is some help
at hand with initiatives such as Help to Buy. Whilst these encourage developers to build more new homes it remains
to be seen whether they will be affordable enough for many struggling first-time buyers. Looking further afield




UK Rightmove house price index fell in November

UK Rightmove house price index fell in November

UK Rightmove house price index fell in November

  • Buz Investors UK Rightmove house price index fell The Rightmove house price index fell 1.10% in the UK on a monthly basis, in November.  In the previous month, the Rightmove house price index had recorded a rise of 0.90%.
  • It is the biggest increase since March. Year-on-year, house prices went up 5.2 percent in the three months to October, down from a 5.8 percent increase in the three months to September and slowing for the third straight month,
  • due to mounting affordability pressures. Although house price growth may ease further in the coming months, very low mortgage rates and a shortage of properties available for sale should help support price levels.

UK Rightmove house price index fell

UK Rightmove house price index fell in November

UK Rightmove house price index fell Housing Index in the United Kingdom averaged 350.19 Index Points from 1983 until 2016, reaching an all time high of 703.70 Index Points in October of 2016 and a record low of 96.10 Index Points in January of 1983.

In the United Kingdom Housing Index refers to Halifax House Price Index.

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UK Rightmove house price index fell

The Index is based on a sample of mortgage data covering around 15,000 house purchases per month. This page provides – United Kingdom House Price Index – actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom House Price Index – actual data, historical chart and calendar of releases – was last updated on November of 2016.




UK Rightmove house price index advanced in October

UK Rightmove house price index advanced in October

UK Rightmove house price index advanced in October

  • Buz Investors UK Rightmove house price On a monthly basis, the Rightmove house price index in the UK rose 0.90% in  October. The Rightmove house price index had recorded a rise of 0.70% in the prior month.
  • on Thursday, hinted that the central bank should not start tapering its $85 billion asset-purchase programme at its October policy meeting to deal with the negative impact of a government shutdown on the economy.
  • In the Asian session, at GMT0300, the pair is trading at 1.6160, with the GBP trading flat from Friday’s close.

UK Rightmove house price

UK Rightmove house price index advanced in October

UK Rightmove house price October policy meeting to deal with the negative impact of a government shutdown on the economy.

In the Asian session, at GMT0300, the pair is trading at 1.6160, with the GBP trading flat from Friday’s close. Earlier today, a report from the UK, showed that the Rightmove house price index advanced 2.8% (MoM) in October, compared to a 1.5% drop registered in the previous month.

 

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UK Rightmove house price index climbed in September

UK Rightmove house price index climbed in September

UK Rightmove house price index climbed in September

  • Buz Traders On the move UK Rightmove house price index   0.70% on a monthly basis, in September. In the prior month, the Rightmove house price index had recorded a drop of 1.20%.
  • But for properties with two bedrooms or less — a sub-sector dominated by first-time buyers — the average asking price hit £194,977 after rising 3.3% over the month and 10.5% annually.
  • “The rising tide of prices is marooning more and more first-time buyers, out-stripping their ability to meet stricter lending criteria and afford the required deposits and monthly repayments,” said Miles Shipside, director of Rightmove.

UK Rightmove house price index Rapidly rising house prices

UK Rightmove house price index climbed in September

UK Rightmove house price index Increasing numbers are being cut off from home-ownership altogether and while schemes are in place to help, the additional demand they create is not matched by available and affordable supply.”

The Bank of England curbed mortgage lending in 2014. Most new mortgages must be under 4.5 times the borrower’s income, restricting the amount of debt people can take on. Regulators were conscious of ultra-low interest rates, which will eventually rise, creating credit bubbles where people took on more debt than they could afford in the longer term.

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“Ironically the post-referendum uncertainty has made some sellers of larger and higher value homes more willing to negotiate, making it easier for those already on the ladder to trade up,” Shipside said.

“There appear to be no such positives at present for those hoping to get onto the property ladder, especially as agents report more investor activity attracted by better returns than available elsewhere.”

More generally, the effects of the vote for Brexit in the 23 June referendum look to have waned. In August, there were asking price falls in eight out of ten regions. But by September, asking prices had risen or were flat in seven out of ten.

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UK Rightmove house price index eased in August

UK Rightmove house price index eased in August

UK Rightmove house price index eased in August

UK Rightmove house price index eased in August

Asking prices for homes are falling after the EU referendum, in which the country voted for Brexit, but the drop is in line with the normal seasonal trend as the property market slows in the summer.

Rightmove, a property listings website, said the average asking price in England fell 1.2% to £304,222 over the month in August. The average summer drop over the past six years is 1.2%, said Rightmove. Year-on-year, the average asking price rose 4.1%.

London’s month-on-month drop of 2.6% to an average of £619,409 is faster than anywhere else. “London has seen its price boom curtailed by punitive stamp duty and over-stretched affordability and has been in re-adjustment for a year or more, mostly affecting Inner London,” Shipside said.

“At this time of year interest from buyers of more expensive properties that typify much of London and its commuter belt tends to tail off more, as they are often discretionary movers. Having waited for the referendum result, it now seems that some are also waiting until the summer holidays are over before reviewing their course of action.”

Within London, there is a sharp difference in price activity between the boroughs. The average asking price in the City of Westminster, the worst-performing borough and one of the city’s most expensive, dropped 14.5% over the month in August to £1,629,205. But Enfield, the best- performing borough and one of the cheapest, saw its average asking price rise by 4.5% to £492,283.