Financial news related to property

House prices should do their level best

The papers have been full recently of stories about rising house prices. The temptation is to assume that the property market is back to normal and that we are at the start of another steady rise in prices, when that is far from the truth.

house prices firmer, but recovery has a long way to go

House prices rose strongly in January according to the Nationwide - normally the first of the major lenders to report on the property market. And it’s not the only one suggesting a continued revival in the property market. But look behind the headlines and you can see what a huge hill we have still to climb to get back to more ‘normal’ activity levels.

property market commentary

The first two weeks of the year brought a welter of news about the property market, but so many sources to draw from bringing it together is not as easy as it sounds. So, what can we say so far with any confidence?

house prices higher than a year ago

House prices were 1.1 per cent higher last month than they were a year ago according to the Halifax. It is the first time that the Halifax house price index has reported positive annual house price inflation since last May.

2009 ends with house prices unchanged on a year ago. More movers forecast for 2010

House prices across west central Scotland, the country’s largest property market, are almost exactly the same as they were a year ago according to the latest GSPC House Price Survey. Despite the financial crisis, a mortgage ‘drought’ and the recession, the average house price in Strathclyde currently stands at £134,400, just as it did at the end of 2008.

Home sales rising, say house builders

One of Britain's biggest house builders has added its voice to the clamour of opinion presently suggesting that the housing market is continuing its climb out of recession.

surveyors forecast continued rise in house prices

Scotland’s chartered surveyors expect house prices to rise further over the next couple of months as buyers and sellers continue to feel more confident in the market.

scottish house prices rise by six per cent in three months

Official data from the Registers of Scotland has confirmed earlier reports that house prices in Scotland rose sharply in the three months to October. The number of transactions, however, remains subdued.

market recovery pushes prices higher than a year ago

House prices have risen for six months in a row according to the Nationwide and are now higher than they were a year ago.

tougher tests for mortgage lending

Lenders will have to apply tougher affordability tests before they agree to a mortgage for homebuyers and owners.

surveyors optimistic about Scottish property

Scotland remains the UK’s most buoyant property market outside the hot house of London and the south east according to the latest Housing Market Survey from the RICS (Royal Institution of Chartered Surveyors).

house prices higher than a year ago for first time since early 2008

Annual house price inflation in Strathclyde turned positive in the last three months moving from an annual price fall of -7.3 per cent at then end of June this year to a rise of 2.2 per cent at the end of September according to the latest GSPC Quarterly House Price Trends.

repossessions and arrears fall

The number of homes taken in to possession and the number of home owners in arrears on their mortgage payments fell in the second three months of the year.

mortgage lending to buyers shows first annual gain since 2007

Mortgage lending to buy property showed the first annual increase since early 2007 according to the latest data from the Council of Mortgage Lenders (CML).

positive house price news brings more homes on to the market

News of a recovery in house prices is bringing more homes on to the market according to the latest survey from the RICS (Royal Institution of Chartered Surveyors).

country properties fare better than city homes

House prices in rural areas have fallen by less than homes in cities over the past year, according to the latest Bank of Scotland Rural Housing Review.

halifax confirms house price rise

The Halifax has added weight to reports that house prices have risen surprisingly strongly in recent months; its latest market analysis suggests that average house prices rose 0.8 per cent in August. That pushed prices back to the level seen at the end of 2008, reversing the falls seen earlier this year.

mortgage approvals up in July

Mortgage approvals rose again in July, the fifth month is a row to see an increase in approvals to purchase residential property. But total mortgage lending fell by £400 million as repayments outweighed new lending.

new home starts fall sharply

New home starts fell by over a quarter in 2008-09 and completions were down by 18 per cent despite more construction by local authorities and housing associations.

house prices rose strongly in July

Confidence that house prices are recovering some of their lost ground grew last week when two influential reports showed prices rising strongly in July.

News related to new homes

To the Manor born

Drive up Lindsayfield Road in the eponymous borough of East Kilbride, and it's hard not to be impressed with the surroundings.

Bath’ time

Standing in the heart of West Lothian, Bathgate has seen a number of additions to its residential skyline in recent years.

Ferry across the Clyde

As a new decade begins, Sovereign House Fairbriar Homes have been celebrating the sale of every first-phase townhouse at their Ferry Village development in Renfrew.

Well trained at The Sidings

Situated on the former site of railway sidings, there's no ambiguity about the choice of name at The Sidings.

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Property news: Glasgow property, mortgage and financial news from GSPC