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03/08/2009
Property Price Recovery By 2011: NHF
It will be two years before house prices begin to recover, it has been predicted.
The National Housing Federation forecasts that prices in England will fall this year and next before recovering,
It expects prices to fall 12.2% in 2009 and 4.6% next year, before stabilising in 2011 with a 1.1% rise and continuing to climb in the following years.
However, it predicts that, by 2014, house prices will be 20% higher than current values.
But the group, which represents housing associations, said English homeowners who bought at the market peak could be in negative equity for five years.
Although five-year forecasts can be unreliable, the group said that not enough homes were being built.
The group has suggested that house prices would fall sharply this year. This was in stark contrast to the view of the Nationwide Building Society which said there was a "reasonable chance" that prices in the UK could end the year higher than they were at the start of 2009.
The reversal in 2011 would accelerate in 2012 with a 7.5% increase in prices, the NHF said, followed by rises of 8.4% in 2013 and 6.8% in 2014.
That would mean that English homeowners who bought at the height of the property boom would be in negative equity until 2014.
"Our research shows that, while house prices are falling in the short term, they will inevitably increase in the long term because of a fundamental under-supply of housing," said NHF Chief Executive David Orr.
(BMcC/KMcA)
The National Housing Federation forecasts that prices in England will fall this year and next before recovering,
It expects prices to fall 12.2% in 2009 and 4.6% next year, before stabilising in 2011 with a 1.1% rise and continuing to climb in the following years.
However, it predicts that, by 2014, house prices will be 20% higher than current values.
But the group, which represents housing associations, said English homeowners who bought at the market peak could be in negative equity for five years.
Although five-year forecasts can be unreliable, the group said that not enough homes were being built.
The group has suggested that house prices would fall sharply this year. This was in stark contrast to the view of the Nationwide Building Society which said there was a "reasonable chance" that prices in the UK could end the year higher than they were at the start of 2009.
The reversal in 2011 would accelerate in 2012 with a 7.5% increase in prices, the NHF said, followed by rises of 8.4% in 2013 and 6.8% in 2014.
That would mean that English homeowners who bought at the height of the property boom would be in negative equity until 2014.
"Our research shows that, while house prices are falling in the short term, they will inevitably increase in the long term because of a fundamental under-supply of housing," said NHF Chief Executive David Orr.
(BMcC/KMcA)
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House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
01 September 2005
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
30 January 2008
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
29 October 2009
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
House Prices Slowly Begin To Rise
The September data from Land Registry's House Price Index shows a rising market with a monthly house price change of 0.9% up from half a per cent in August. The annual drop of 5.6%, up from a low of minus 16.3% in February, takes the average house price in England and Wales to £158,377.
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