CEBR predicts UK property prices will rise by 4% this year
The Centre for Economics and Business Research (CEBR) recently released its view on the UK property market which would appear to be in direct conflict with a number of downbeat statements issued by other economic bodies last week. The CEBR believes that UK property prices will rise by around 4% this year and continue to increase until the end of 2014 due in essence to the short supply of properties on the market.
This is the first time we have heard any upbeat news with regards to the UK property market for some time and indeed would seem to conflict with the general opinion that the UK property sector is headed for a double dip recession. Whether or not this upbeat forecast will materialise in the short to medium term remains to be seen but thankfully there would appear to be at least a little hope on the horizon.
As we have mentioned on numerous occasions, the UK property sector is central to the UK economy due to the fact that many individuals have the bulk of their finances tied up in the sector. Any downturn in the UK property sector would obviously have a detrimental impact on the economy but on the flipside of the coin, any improvement in sentiment regarding the UK property sector could well lead to more optimism about the UK economy in the short to medium term.
Another day another positive note for the UK property sector
Yesterday's news from Bovis Homes was well received by the UK stock market amid signs that the UK housing sector is starting to stabilise. However, while many analysts were upbeat about the sector as a whole there were a number who were cautious about calling the bottom although after the results from Persimmon, one of the more prominent UK housebuilders, perhaps everybody will feel a little more...Read More
Scottish house prices in recovery mode
Official figures from the authorities north of the border confirmed that Scottish house prices increased by 1.3% in the final quarter of 2009. This rise, compared with the corresponding period in 2008, equates to the first annual rise in 18 months and could be a turning point for the Scottish property market. There was also an increase in the number of properties sold in Scotland which would ap...Read More
Why does the Land Registry property report differ from others?
As the Land Registry property report for May shows a further 0.2% reduction in UK property prices, against a 2.6% increase and a 1.2% increase as suggested by Halifax and Nationwide reports respectively, many people are totally confused as to what they should and should not take into account. So why does the Land Registry report always seem more negative than the likes of reports by Halifax and Na...Read More
Buyers still negotiating discounts on property prices
In a revelation which will upset many householders in the UK it has been revealed that house buyers are still negotiating average discounts of 6.2% on advertised property asking prices. The situation appears to be worse in the semi-detached housing market where the average home is going for 6.6% less than the advertised price although a 6.4% reduction in the semi-detached prices and a reduction of...Read More
House prices continue to rise
The cost of buying a house in the UK is continuing it’s steady rise, at the fastest rate since 2010. Nationwide building society reported that house prices rose by 0.3pc in the month of June, and is rising at an annual rate of 1.9pc on average. Again the Funding for Lending scheme launched by the Government last year has been accredited with helping the market pick up. The scheme makes c...Read More