Property prices RSS feed for the Property prices tag
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News
Express & Star 20 Nov 10
House prices in the West Midlands have tumbled by more than a tenth in three years as the cost of renting soars.
In Walsall, where property value has fallen by 6.5 per cent in three years, it is now a third cheaper to pay a mortgage than rent (if you can get a mortgage)…
Business
B'ham Post 3 Nov 10
Homeowners in the West Midlands are being forced to slash their asking prices as the property market stagnates, according to research.
More than 40% of all sellers in Birmingham and Coventry have reduced the amount they are trying to get for their property, the survey found.
Around 36.4% of sellers in Great Britain have reduced the amount they are asking for their property at least once since August, according to property website Zoopla. The average person has knocked 6.1% off their original asking price, the equivalent of nearly £16,000…
Business
B'ham Post 30 Sep 10
Worcester, Wolverhampton and Walsall all saw increases of near 10% in the number of properties sold in the first half of the year, figures have shown.
A two-speed housing market is developing with sales racing ahead in southern regions but remaining sluggish in many parts of the north, according to high street bank Halifax…
Business
Alun Thorne B'ham Post 20 Sep 10
Property asking prices fell for the third month in a row during September as estate agents continued to have record levels of unsold stock on their books, according to new figures.
The average cost of a home put up for sale in England and Wales during the five weeks to September 11 dipped by 1.1 per cent to £229,767, according to property website Rightmove. Small increases were recorded in the North-west and East Anglia but the East Midlands saw the steepest fall of more than 4 per cent…
Business
BusinessDesk 14 Sep 10
House prices in the West Midlands have dropped for the second consecutive month, but lower prices are leading to a rise in sales expectations, according to latest figures from the Royal Institution of Chartered Surveyors.
The RICS UK Housing Market survey showed that 46% more chartered surveyors in the region reported prices falling rather than rising during August. This contrasts with the national figure of 32% and is the biggest negative reading since May 2009…
Business
B'ham Post 23 Aug 10
House prices have fallen by around 17 per cent since their peak in 2007 and may not reach those levels again until 2020 according to new research – growth of 2 per cent a year.
A 2 per cent rise would represent a lower rate of increase relative to historical average real UK house prices growth of around 4 per cent per annum between 1984 and 2007 or around 3 per per annum between 1984 and 2010, according to PricewaterhouseCoopers…
Business
Duncan Tift BusinessDesk 10 Aug 10
House prices in the West Midlands fell sharply last month, according to the latest data from the Royal Institution of Chartered Surveyors.
The region was way above the national average with 34% of surveyors reporting price falls last month rather than rises – nationally, 8% of surveyors reported prices falling. The situation has sparked fears of a double-dip recession in the crucial housing market.
The figures are the lowest for more than a year and the principal reason is thought to be an over-supply of properties created as people decide to take advantage of the upturn in the economy and the abolition of Housing Improvement Packs (HIPs)…
Business
BBC News 13 Jul 10
Surveyors are expecting house prices to fall in the coming months owing to more home sales and economic uncertainty.
The rise in supply means more are expecting property values to fall than rise – a shift in sentiment from a similar poll a month ago…
Business
BusinessDesk 14 Jun 10
BNP Paribas Real Estate has warned that financial support from the government and public sector retrenchment are essential to ensure recovery in the housing market is sustained.
According to the firm’s latest Housing and the Economy report, the UK housing market rose by 0.43% in the first quarter of this year, demonstrating that the recovery has begun to flatten into a slow upward gradient that needs fostering…
Business
Duncan Tift BusinessDesk 11 May 10
The West Midlands housing market rebounded in April fuelled by better weather and the prospect of a post-election boost. According to the latest RICS UK Housing Market survey, 17% more chartered surveyors last month reported a rise than a fall in house prices. The figure is up from 9% in March.
London led the upsurge, while in the West Midlands 6% more surveyors reported house prices going up – a big improvement from the 8% fall seen in March. Elsewhere, surveyors are reporting house price rises in every region except for Wales and Yorkshire and Humberside…