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HouseCheck


Home and Property..




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2 September
11:25:34 AM
"But the latest report of house price falls is likely to do little to improve confidence among potential buyers, many of whom have adopted a 'wait and see approach' due to concerns about the state of the economy, job security.." More in The Standard.   Evening Standard
2 September
11:24:17 AM
"House prices see second consecutive monthly fall in August" - the Nationwide House Price Index reports that "house prices fell by 0.9% in August." Go to www.nationwide.co.uk/hpi for more info.   Nationwide HPI
31 August
11:08:02 AM
"People who bought a property in England at the peak of the market in 2007 will have to wait until 2014 before emerging from negative equity, according to a report by the National Housing Federation" - details at www.housing.org.uk, more at The Standard.  Evening Standard
29 August
4:24:36 PM
Lower Mill Estate in the Cotswolds is launching a "stunning new show home" on the weekend of Sept 11/12 and "4 very lucrative investment opportunities. It is strictly by appointment only and there are a limited number of timeslots available.."   Lower Mill Estate
28 August
11:04:23 AM
Savills (www.savills.co.uk) is predicting "a broadly flat performance in the second half and next year, with some small price falls, followed by a strong recovery from 2012" for prime UK residential property. More in The Guardian.   The Guardian
25 August
11:40:51 AM
"I don't see any reason why prices should fall but equally prices won't rise" - the latest from David Ritchie, chairman, as housebuilder Bovis Homes (www.bovishomes.co.uk) confirms it has been investing in new land. More in The Guardian.   The Guardian
24 August
11:38:09 AM
British Bankers’ Association’s (www.bba.org.uk) stats for July mortgage approvals of 33,698 are down from 34,575 in June. "Hopes of a sustained recovery in house prices faded today after another slide in mortgage lending" - more in The Standard.   Evening Standard
23 August
12:14:00 PM
"House prices along the newly opened East London line are soaring amid booming demand for homes in previously isolated parts of the capital...such as Haggerston, Shadwell, Wapping and New Cross..." More in The Standard.   Evening Standard
23 August
12:12:06 PM
Housebuilder Bovis (www.bovishomes.co.uk) warns that spending cuts and tax rises are hitting the housing market - “In the last few weeks of the half year, after the general election and the Budget, the market became more fragile..” More in The Standard.  Evening Standard
21 August
12:19:48 PM
Savills Knightsbridge has a 110 sq ft pied a terre in Princes Court opposite Harrods for £170,000. The spec includes studio room, sleeping platform and shower room but there is no oven in the kitchen area of this converted electrical cupboard.   Savills
19 August
2:46:22 PM
Council of Mortgage Lenders (www.cml.org.uk) figures for July show gross mortgage lending up 5% on June but still "down 3% from £14bn in July 2009, supporting claims that the housing market is slowing down." More in The Guardian.   The Guardian
18 August
4:17:17 PM
Knight Frank (www.knightfrank.co.uk) has published a report on second homes - "Second home developments have been one of the brightest spots in the UK new-build market through the recession and now into the recovery..."   Knight Frank
17 August
5:44:11 PM
Nido Spitalfields (www.nidostudentliving.com) near Liverpool Street station "is the latest development to capitalise on the increasing demand for student accommodation" as "Student housing is seen as a recession-proof investment." More in The Guardian.   The Guardian
17 August
5:42:01 PM
London camping and caravan sites are doing good business with commuters who choose not to pay London property prices. More in The Guardian.   The Guardian
13 August
4:32:42 PM
The Council of Mortgage Lenders reckons that buy-to-let mortgage market appears to have eased a little in Q2 of 2010 - "the number of buy-to-let mortgages taken out was 24,900. This was 13% up on the 22,000 in the first quarter..." More at CML.   CML
10 August
4:44:06 PM
Savills reckons that "the average price of a house in London will drop by £20,000 by the end of the year." Following a “sucker's rally” a double-dip is inevitable. More in The Standard.   Evening Standard
10 August
3:46:29 PM
A duplex penthouse at One Hyde Park (www.onehydepark.com) in Knightsbridge is "set to be sold for more than £140 million as super-rich international buyers snap up 'trophy properties' in the capital" according to The Standard.   Evening Standard
10 August
11:07:59 AM
"House prices fell for the first time in a year last month" said the RICS (www.rics.org). "Supply outstripped demand, with a decrease in buyer numbers for the second month in a row while more sellers flooded into the market." More in The Standard.  Evening Standard
8 August
3:40:18 PM
"Get ready for a fall" - Mailonline quotes Henry Pryor (http://www.housingexpert.net) who reckons that 2,600,000 homes will be marketed over the next 12 months, "of these just 925,000 - or 35 per cent - will find a buyer."   MailOnline
7 August
3:01:49 PM
In contrast to the falls reported elsewhere, The Halifax House Price Index reckons that "House prices increased by 0.6% in July.....in line with our view that house prices will be broadly unchanged over 2010 as a whole." More in The Guardian.   The Guardian
4 August
2:49:50 PM
"32% of property for sale in Britain today, has had their asking price reduced at least once since they were first listed on the market. Our latest research reveals an average price drop of 6.1% for all homes that have been discounted." More at Zoopla.  Zoopla
2 August
4:17:40 PM
In sharp contrast to reports from double-dip doom-mongers, The Daily Express front page has the headline "HOUSE PRICES TO RISE BY 20%" over the next four years, according to experts. The story has provoked some interesting comments from Express readers.   Daily Express
2 August
4:04:24 PM
"The recovery in the central London housing market appeared to have run out of steam" says The Standard. Estate agent Knight Frank (www.knightfrank.co.uk) reports "Prime London prices begin to fall back..." More in The Standard and on the KF website.  Evening Standard
2 August
3:37:48 PM
London developer Andreas Panayiotou is confident that the worst is over - ‘Residential property is very safe. It will be good long term. There’s a shortage of housing, and developers have stopped building.’ His 3 investing rules are at MailOnline.   MailOnline
31 July
12:31:49 PM
Inter Ikea (www.iicg.com), the investment and construction arm of the Swedish furniture giant, has purchased a 13-acre site in Stratford abutting the olympic Park to build "a mixed-use development...lots of Ikea housing..." More at The Independent.   The Independent
30 July
2:30:20 PM
Estate agency group Fine (www.fine.co.uk), noted for its property marketing skills, has now absorbed Exclusively Surrey and re-branded the offces at Cobham and Oxshott which are "favoured by many premiership footballers." More at GetSurrey.   GetSurrey
29 July
11:10:33 AM
The Nationwide, Britain's biggest building society, reports that house prices have fallen for the first time since February - check out the House Price Index (www.nationwide.co.uk/hpi). More in The Standard.   Evening Standard
29 July
10:36:18 AM
NIESR (www.niesr.ac.uk), the National Institute of Economic and Social Research, reckons UK house prices are about 30% too expensive - "House prices will fall in real terms over the next five years..." More in The Telegraph.   Daily Telegraph
28 July
11:49:01 AM
The celebrity cred of Richmond has been further boosted by the news that soprano Katherine Jenkins and TV presenter Gethin Jones have paid £4,700,000 for a 8-bed property with 4 huge reception rooms. Amanda Holden is thought to be looking in the area.  MailOnline
27 July
5:25:42 PM
Hometrack stats for June - "Since March supply has grown three times faster than demand. Six out of ten regions see fall in demand during June." Click the Hometrack link for more.   Hometrack
26 July
11:22:49 AM
Buyers' market - house prices in England and Wales edged lower during July refecting a drop in demand from potential buyers as new properties continued to come on to the market. More in The Standard.   Evening Standard
21 July
12:24:35 PM
The Zoopla Rent vs Buy Index (www.zoopla.co.uk/rentbuy) for July 2010 shows Brighton as the #3 place where renting is cheaper than buying. Click on the Zoopla link for more.   Zoopla Rent/Buy
21 July
12:04:52 PM
The Government is thought to be considering a stamp duty penalty for poorly insulated homes - "The plan would come into effect in 2012 amid fears the current grants for insulation are being ignored by homeowners." More at MailOnline.   MailOnline
20 July
5:27:04 PM
The share value of Britain's seven leading publicly quoted housebuilders has fallen by £1 billion since May as a result of impact of government spending cuts and "proposed changes to the planning system..." More in The Guardian.   The Guardian
20 July
4:19:45 PM
Property website Rightmove (www.rightmove.co.uk) is predicting that UK property prices will fall for the rest of 2010. The ratio of new sellers to new mortgage approvals is currrently thought to be 5:2 - more in The Telegraph.   Daily Telegraph
19 July
10:53:13 AM
Developer Acorn Blue is advertising that only 4 out of 8 units remain available at 'Coast' overlooking Porth Beach in north Cornwall. Prices from £375,000 to £800,000 - ready for occupation from August.   Acorn Blue
16 July
3:07:52 PM
Offers over £300,000 sought by Symonds & Sampson for 11 The Chalet, a beach hut in Dorset - "Possibly the finest 3 bedroom detached uPVC clad chalet along the West Dorset coastline, providing stunning sea views over Lyme Bay..." Click the link to view.   Symonds & Sampson
14 July
11:19:14 AM
"...there is a strong possibility that house prices continue to fall for the next five years and could drop further even beyond 2020" - more on the PricewaterhouseCoopers (www.pwc.co.uk) UK Economic Outlook report in The Telegraph.   Daily Telegraph
13 July
3:16:59 PM
Cadena House, a £4,250,000 5-bed Thameside residence in Bray built by Octagon, is now 'reserved' following the show weekend on July 3/4.   Cadena House
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