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House Prices Firm But Demand Starts To Weaken

In a rather bizarre situation we have seen the number of potential buyers in the UK property market fall in the four weeks to May 8 while the cost of houses in the UK increased by 0.7%. It is unclear as to why the price of houses in the UK would push higher if demand is weakening although in all honesty it has been near impossible to forecast the direction of UK property market in the short term.

Government Set To Scrap HIPs

The UK government has already signalled its intention to scrap the controversial Home Information Packs (HIPs) which sellers are forced to pay for at a cost of £300. Many believe this simple move will increase the number of properties available in the marketplace and should in due course bring in more buyers and stabilise the UK property sector going forward. There are also plans to scrap a key Liberal Democrat policy, the so-called "mansion tax".

Hung Parliament Could See House Prices Fall

A number of property experts have stepped forward to express their fears about the UK property market during the remainder of 2010. There is concern that a hung parliament will increase the cost of borrowing in the UK which would reduce liquidity in the mortgage market and increase the cost of mortgages for UK consumers. A reduction in demand for houses would obviously impact on prices in a negative manner and could prompt a new wave of sellers.

UK House Prices Under Pressure

A report by the Halifax has today confirmed a 0.1% reduction in UK house prices in April following on from a 1% increase in March. It appears that growth in the number of properties available for sale has seen upward pressure on prices reduce, something which is likely to remain for the foreseeable future. However, despite a fall in prices during April the average UK house price has still increased in value by 6.6% over the last 12 months.

Cebr Forecasts Buoyant Property Market

The Centre for Economics and Business Research (Cebr) has today issued a statement suggesting that the average property price will increase by around £9,000 in 2010. This would be a 5% increase on last year and see the average home in UK costing around £178,500. The Cebr is also forecasting 3.4% growth in property prices in 2011 and 9% growth in 2012.

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 markedly?

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?

Annual House Price Growth Hits 10.5%

A report by the Nationwide today shows that UK house prices increased by 10.5% in the 12 months to the end of April. The average price of a home in the UK is now £167,802 with a 1% increase in prices during April helping to boost the overall figure. While the increase of 10.5% is welcome and fairly impressive it does come against a backdrop of one of the weaker months from April 2009.

Tesco Announce Plans To Build Four Mini-villages In UK

Tesco, the UK's largest supermarket group, has today announced plans to build four mini villages across the UK in what many believe is a sign of things to come. The company has been looking to expand into property for some time and today's revelation that new developments will be built at Bromley by Bow, East London, Dartford, Kent, Streatham, South London and Woolwich have received mixed responses.

Is The House Building Sector Back In Favour?

News that Hugh Osmond, one of the UK's best-known businessmen, has made a takeover offer for UK housebuilder Crest Nicholson has certainly caught the attention of investors in the UK. It is believed on offer in the region of £300 million to £350 million was tabled last week and a response is awaited from the company. There have been rumours for some time that Hugh Osmond has been looking at various companies in the UK and was ready to make a move.

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