Categories:

Buy-to-letDevelopmentEstate agencyFinancial PR agencyHouse pricesMortgagesProperty finderProperty softwareRemovalsUncategorized

Archive:

Tags:

1.99 per cent25-year fixA-level resultsaccidental landlordsaffordabilityAnderson HarrisAnthony Ward ThomasArchbishop of CanterburyArlaAusPodAussie Man & VanAutumn Statementavoidable mistakesBank of EnglandbanksBarclaysbase ratebase-rate trackersBathBBC BreakfastBBC Radio Four Money Box LiveBien MediaBien Media clientBlog writingborrowersBrexitBristolBudgetBudget 2013buy-to-letbuyersChancellor of the ExchequerCharles Rickardscheap creditcheap mortgagesCMLCo-operative BankCouncil of Mortgage LendersCovent Gardencredit crunchcredit scoringcriteriacyclingDaily Telegraphdepositdepositsdiscretionary investment servicedouble-dip recessionearly redemption chargeEaton PlaceequityEric PicklesErnst & Young ITEM Clubestate agentestate agentsexpensive letting agentsFairbairn Private Bankfamily homesfamily-friendly tenanciesfinancial PRfinancial PR agencyFinancial Services AuthorityFinancial Timesfirst-time buyerFirst-time buyersfive-year fixesfixed-rate mortgagesflat out like a lizard drinkingforbearancefront page of the TimesFTSBEFTSEfunding for lendingGabby Adlergeneral electionGovernmentGross Mortgage LendingGuy MeacockHalifaxHalifax house price indexHelp to BuyHelp to Buy 2Help to Buy Isahigh loan-to-valuehigh-value homeshigher funding costsHome FusionhomeownerHouse Beautifulhouse priceshouse saleshousing boomhousing ladderhousing marketHPIIMFInflationING Directinterest ratesinterest-only mortgagesJeremy LeafJeremy Leaf & CoJonathan AdamsJonathan Harrislandlordslenderslendingletting agent feesletting agentslettings agentlettings agents' feesLibor fixingloan-to-valueloan-to-valuesLondonLondon house pricesLondon Rock Capitallonger-term fixesLouise ReynoldsLTVsman and vanman and van removalsManchester Building SocietyMark CarneyMark HarrisMark ProutMayfairmedia relationsMelanie BienMIGMMRmodest depositsMonetary Policy CommitteeMoney BoxMoney Box Livemortgagemortgage and property PR agencymortgage brokermortgage brokersmortgage financemortgage lendingMortgage Market Reviewmortgage prisonersmortgage ratesMortgagesmulti-million pound propertiesMy first millionNapier WattNationwideNationwide House Price Indexnationwide removals serviceNedbank Private Wealthnew buildnew clientnew homesnew purchasesNewBuy GuaranteeNewBuy mortgagesNewcastle building societyNicholas AyreOffice for National StatisticsOffice of National StatisticsOlympicsONS house pricesportingpositive outlookPRPR companyPR Consultancypress coverageprime central LondonPrime Central London estate agencyPrime Purchaseprivate bankingpropertiespropertyproperty finance specialistproperty finderproperty marketproperty techquantitative easingQueen's SpeechRadio 4Radio Four Money BoxReferendumrelocatingremortgagesRemortgagingremovalsRentifyrentsrepayment strategyrepayment vehiclerepossessionsresidential propertyretirementRichmond-upon-ThamesRICsRightmovesaversschool catchment areassecond stepperssecuritisationself-storagesocial media presenceSPF Private ClientsStamp Dutystart-upstressfulstrong rental yieldsStudent Removals servicesummerSVRSwap ratesTescotrackertwo-year fixed rateundergraduatesVanHanWall Street JournalWhite PaperWigwammYorkshire Building Society
03 Thursday Jul 2014

House prices hit new all-time high, says Nationwide Posted by:

House prices have surpassed their previous 2007 peak, rising by 11.8 per cent in a year in the UK and 26 per cent in London, according to the latest Nationwide House Price Index. Commenting, Bien Media client Nicholas Ayre, managing director of home buying agency Home Fusion, says: ‘Despite house prices recording their fourteenth successive monthly increase in June, the tide is most definitely turning. Buyers are thinking twice about making such a major investment, worried about overpaying. Another growing concern is affordability, particularly with the looming threat of an interest rate rise, which is now looking increasingly likely.

‘Many of those buying for cash are looking at potential growth and worried about the flattening out in the market. The question they are asking is: how long will I now have to wait to realise some growth?

‘London has seen considerable growth over the past couple of years, with the average London property reaching £400,000 for the first time, and prices in the capital around 30 per cent above their 2007 highs. However, we expect the slowdown that agents are seeing anecdotally to start filtering through to the official indices in coming months.

‘While the Financial Policy Committee tinkers with lending limits to keep a lid on soaring prices, the problem is that it doesn’t have the tools to sort out the fundamental problem – that we are not building enough homes.’