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.
Loophole 'will improve Hips implementation'
A loophole in home information packs (Hips) could accidentally improve their eventual rollout, a property expert has claimed.Miles Shipside, commercial director of online estate agent Rightmove, made the claim about the terms of the controversial initiative's delayed introduction on August 1st.He argued that as sellers are obliged to have "commissioned" a pack to market a property rather than phys...Read More
Why do Land Registry figures differ from property surveys?
The Land Registry today issued data which indicates that UK house prices fell by 0.6% in March, which is well out of sync with recent property surveys from the Halifax and Nationwide. Indeed the annual rate of growth in the UK property market, according to Land Registry figures, was just 7.5% compared to the 10% figure confirmed by the Halifax and Nationwide. So why do the figures differ so marked...Read More
When is the right time to remortgage your property?
As more and more UK homeowners struggle to make ends meet a number of people are looking at the opportunity of possibly remortgaging their home. As UK base rates continue to fall further, with some suggesting that rates could fall to around 0%, is now the best time to remortgage your home?
It has to be said that with base rates under 1% and possibly set to fall further in the short...
Bovis concerned about UK housing market
Bovis, one of the UK's leading house builders, has today gone public with a number of concerns regarding the short to medium term future of the UK property market. While the company reported a return to profitability, with £3.5 million surplus for the first six months of 2010, and an increase in both house prices and housing sales, there was much mention of the government's spending cuts and tax...Read More
Why so much negativity over the UK housing market?
Today's Nationwide company report confirmed that UK property prices increased by 10.5% in the year to the end of April 2010. Despite the fact that the comparison was against a fairly sluggish April 2009 there is no doubt that UK property prices have improved over the last 12 months. However, there is still an air of negativity around the UK housing market, but why? For some time now many expert...Read More