House Price Growth Slows As End To Stamp Duty Holiday Looms

 UK house price growth slowed in September as economists said the looming end of the stamp duty tax break had cooled the market after a period of extraordinary growth. The average price grew by just 0.1% over the month to £248,742, a sharp slowdown compared with growth of 2% in August, according to Nationwide. The UK’s largest building society said annual house price growth fell back to 10%, down from 11% in August. That was down from annual growth of more than 13% as recently as June, the fastest since the property boom in 2004. Read more on the Guardian website.

https://www.theguardian.com/business/2021/sep/30/uk-house-price-growth-slows-as-end-to-stamp-duty-holiday-looms

Housebuilding Growth Rate ‘Slowest For 15 Months’

The rate of growth in housebuilding work fell to its lowest level last month since the height of the coronavirus pandemic in May 2020, as materials and labour shortages continue to bite. According to the latest construction purchasing managers’ index from IHS Markit and CIPS, the housebuilding industry recorded a score of 55 – still above the “50” mark that denotes growth – but the lowest level seen since the industry was effectively temporarily shut down in spring last year. This is also the first time that the housebuilding industry has recorded an index score of less than 60 since February this year. Read more on the Housing Today website.

https://www.housingtoday.co.uk/news/housebuilding-growth-rate-slowest-for-15-months/5113568.article 

House Price Growth Slows As Housing Market Cools

The Halifax says house prices rose again in July after dipping last month, making the average price £261,221 and leaving prices 7.6% higher than at the same time last year. Last month, average prices were 8.7% up on a year ago. The lender said it expected prices to settle further after the recent spate of strong rises, which has been fuelled in part by tax breaks on stamp duty. But it said a shortage of homes was likely to support prices. Read more on the BBC website.

https://www.bbc.co.uk/news/business-58112221 

Market Begins To Cool As Stock Levels Fall To All-Time Low

There are early signs of the UK property market beginning to lose pace due to record prices and lack of choice, according to data released by Rightmove. The portal revealed that the price of property coming to market saw a 0.8% increase this month, pushing the national average to a new record high for the third consecutive month to £336,073. This is a much smaller rise than last month’s 1.8% or April’s 2.1%, indicating an early sign of a slowing in the pace of the current market. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/market-begins-to-cool-as-stock-levels-fall-to-all-time-low.html 

Busiest Month On Record For Ten Years As Transactions Surge

There was no sign of the usual traditional slowdown in the UK property market at the end of last year. Instead, December followed suit with the rest of the year, bucking trends and ripping up the rule-book to end in a blaze of activity. The latest data from HMRC shows the extent of this, revealing that residential property transactions totalled 129,400 during the month, 31.5% higher than December 2019 and 13.1% higher than November. On a non-seasonally adjusted basis, the number of transactions rises to 137,200, 34.2% higher than December 2019 and 14.0% higher than November 2020. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/hmrc-busiest-month-on-record-for-ten-years-as-transactions-surge-315.html

Research Highlights Slowdown In Delivery Of Section 106 Agreements

A report published by the MHCLG said that evidence points “to a discrepancy between what is agreed and what is delivered in practice”. More than half – 56% – of local planning authorities surveyed said that only 50% or less of the affordable housing promised by developers in 2016/17 had been delivered by 31 March 2019. “This is a change from the last iteration of the research and indicates a reduction in the proportion of affordable housing being delivered within a two-year period, suggesting either a slowing delivery of affordable housing or reduction in the proportion that will be delivered,” the report said. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/government-commissioned-research-highlights-slowdown-in-delivery-of-section-106-agreements-67478

ONS Sheds Light On Housing Market Slowdown

The Office for National Statistics has collated several different housing indicators to reveal the scale of the pandemic’s impact on the property market. Data show that the number of residential property sales fell by more than 60 per cent across all English regions between January and March, but the ONS says that the time lag in the reporting of transactions means the figures for recent months are likely to be revised upwards. Other data sets pointed to April as the month in which the housing market saw the greatest impact from lockdown. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/news/ons-sheds-light-on-housing-market-slowdown/

Buy-To-Let Mortgages Stable Despite Slowdown In Market

Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter. Paragon, a lender and savings bank, has recently published their Financial Adviser Confidence Tracking (FACT) Index for the latest quarter (Q3), which has recorded the average number of mortgages introduced in 2019, down 3 per cent in the second quarter, the lowest figure since 2017 - but despite this slowdown, the buy-to-let market has remained relatively stable. Read more on the ARLA website.

https://www.arla.co.uk/news/november-2019/buy-to-let-mortgages-stable-despite-slowdown-in-market/

Rent Rises Slow Down During September

The latest data released by ARLA Propertymark has revealed that the number of tenants experiencing rent rises decreased in September but remained high overall, with 58 per cent of agents witnessing an increase in rent prices. According to the numbers, year-on-year, this figure is up from 31% in September 2018, and 27 per cent in September 2017. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/landlords/rent-rises-slow-down-during-september.html

Number Of New Home Registrations Slowed In Third Quarter

The number of new homes being registered slowed down in the third quarter of this year, according to industry figures. There were 39,364 registrations – down by 9% compared with the same period a year earlier, the National House Building Council (NHBC) said. The NHBC is a warranty and insurance provider, covering around 80% of new homes built in the UK. Builders register homes to be built in the coming weeks or months – so the figures are an indicator of the level of new housing supply in the pipeline. The year-on-year fall in registrations was driven by home registrations in the private sector. Read more on the Yahoo Finance website.

https://uk.finance.yahoo.com/news/number-home-registrations-slowed-third-230100763.html

House Price Growth At Six-Year Low

House prices are rising at the slowest annual pace for more than six years, according to the Halifax. The mortgage lender, part of Lloyds Banking Group, said prices rose 1.1% in the year to the end of September, the slowest rate since April 2013. Price growth would remain "subdued" for as long as economic uncertainty in the UK continued, the Halifax said. The cost of the average home in September was £232,574, down by 0.4% compared with August, it said. Read more on the BBC website.

https://www.bbc.co.uk/news/business-49959237

UK Housebuilding Falls To Slowest Quarterly Rate For Three Years

Housebuilding across England has fallen to the slowest quarterly rate for three years, according to official figures, despite a promise by the government of a homebuilding revolution. Figures published by the housing ministry showed construction began on 37,220 homes in England in the three months to June – 8% down on the same period a year ago, and the lowest quarterly number of new home starts since 2016. Annual new housing starts fell to 160,640 in June, 1% lower than a year ago. Read more on the Guardian website.

https://www.theguardian.com/society/2019/oct/03/housebuilding-falls-to-slowest-quarterly-rate-for-three-years

House Prices In Britain Rising At Slowest Rate For Seven Years

House prices in Britain are rising at the slowest annual rate for seven years as Brexit uncertainty dampens consumer demand. Dragged down by steep declines in London and the south, national house price growth for the country at large dropped to 0.7% in July from 1.4% a month earlier, hitting the slowest growth rate since 2012, said the Office for National Statistics. House prices fell in four of nine English regions, with the biggest decline in the north-east where the average cost of a home slid by 2.9% over the year. The average property price for the country at large increased over the year by £2,000 to stand at £233,000 in July. Read more on the Guardian website.

https://www.theguardian.com/business/2019/sep/18/house-prices-in-britain-rising-at-slowest-rate-for-seven-years

UK House Prices Rise At Their Lowest Annual Rate In Five Years

UK house prices grew at the slowest rate in five years in August, in the latest figures to identify a growing divergence between a sluggish London property market and faster rates of growth other regions. The average price of a UK home increased by 3.2% in the year to August, to £232,797, in the lowest annual rate of growth since August 2013, according to the figures from the Office for National Statistics (ONS) and Land Registry. London was the only region where prices fell on an annual basis, down 0.2% in year to August, but it was still easily the most expensive place to by a home, with average prices at £486,304. Read more on the Guardian website.

https://www.theguardian.com/money/2018/oct/17/uk-house-prices-rise-lowest-annual-rate-five-years-london-fall

UK House-Building 'Below Pre-Crash Levels'

House-building across half of England is slower than it was before the financial crash, analysis suggests. Almost a decade on from the 2008 crisis, some 52% of councils saw fewer homes built last year than in the year leading up to the crisis. The Federation of Master Builders said the planning system was too "complex, difficult and costly to navigate". The government said last year saw the largest percentage increase in new homes in nine years. Overall, some 217,000 new homes were built in 2016-17, two-thirds of the government target of 300,000. These include conversions of existing buildings, as well as new homes. Read more on the BBC website.

https://www.bbc.co.uk/news/uk-england-45050276

London Rents Rise For First Time In Two Years As UK Growth Slows

Rent in London rose for the first time in nearly two years in June, increasing by 0.1 per cent to an average of £1,884 per month, according to the latest Landbay Rental Index. The figures show overall UK rental growth is continuing to slow down. Rents rose by 0.4 per cent in the first six months of the year, and went up by 0.54 per cent excluding the capital. Rental growth has been strongest in the East Midlands and the east of England so far this year, with increases of 0.95 per cent and 0.7 per cent respectively, while rents in the North East dragged the average down with a 0.08 per cent drop. Read more on the Independent website.

https://www.independent.co.uk/news/business/news/london-rent-rises-uk-average-growth-slows-a8432621.html

House Price Growth At Slowest Pace In Five Years

The latest data and analysis from Nationwide has shown that UK annual house price growth softened to 2% during June- down 0.4% against the previous month. Once again, the capital was the weakest performing region in Q2, with prices down 1.9% year-on-year. According to the figures, most regions saw a slowing in the annual rate of house price growth in the second quarter. The East Midlands was the region that saw the strongest pace of growth in Q2, with prices up 4.4% year-on-year, just nudging ahead of the West Midlands at 4.3%. Read more on the Property Reporter website.

http://www.propertyreporter.co.uk/property/house-price-growth-at-slowest-pace-in-five-years.html

House Price Growth Slows For Second Consecutive Month

The latest data and analysis on UK house prices by ONS has revealed a slowdown in house price growth for a second consecutive month. Compounded by supply issues, the annual growth rate has remained under 5% throughout 2017 and into 2018. According to ONS, the fall in house price growth across the UK is driven mainly by a fall in the capital. There, average house prices decreased by 1.0% in the year to February 2018 - down from a 1.3% increase in January 2018. The report also revealed that the average UK house price was £225,000 in February 2018. This is £9,000 higher than in February 2017 and broadly unchanged from last month. Read more on the Property Reporter website.

http://www.propertyreporter.co.uk/property/house-price-growth-slows-for-second-consecutive-month.html

UK HPI: House Prices Up 5.1%

The latest data and analysis from ONS/Land Registry has revealed that average house prices in the UK have increased by 5.1% in the year to July 2017. The annual growth rate has slowed since mid-2016 but has remained broadly around 5% during 2017. According to the UK HPI, the average UK house price was £226,000 in July 2017. This is £11,000 higher than in July 2016 and £2,000 higher than last month. The main contribution to the increase in UK house prices came from England, where house prices increased by 5.4% over the year to July 2017, with the average price in England now £243,000. Read more on the property reporter website.

UK House Price Growth Slows

Growth in UK house prices rose at a slower pace in June, yet remains close to the 5% average rate seen this year, with the slowest increases coming in London and the north-east.  The average UK house price rose by £2,000 in June to £223,000 compared with the previous month, almost £10,000 higher than a year ago, according to the Office for National Statistics (ONS). While the annual growth rate has slowed since the middle of last year following the vote to leave the EU, prices are still outstripping increases in inflation and wages, at 4.9% in the year to June, down from 5% in May. Read more on the Guardian website.