Domingo, 19 Noviembre, 2017

UK House Prices Stabilise, but Buyers Still Wary-Rightmove

UK House Prices Stabilise, but Buyers Still Wary-Rightmove UK House Prices Stabilise, but Buyers Still Wary-Rightmove
Malita Javier | 17 Julio, 2017, 14:47

The average asking price climbed to £316,421 (S$567,612), a "relatively subdued" 2.8 per cent increase from a year earlier.

Newly-marketed property prices edged up 0.1% in June, which was stronger than the previous month's fall of 0.4%, and is a solid performance as the start of the summer holiday season generally has a dampening effect on both prices and activity, Rightmove said.

Murphy explained the United Kingdom property market is seeing the highest levels of stock sell-through since Rightmove started to track the metric - which is means demand for property remains strong with consumer confidence largely undaunted, and underlying market fundamentals remaining robust. The Rightmove report suggests annual average house price increases of 2.8% so far this year, which is absolutely in line with market forecasts and expectations for 2017, so again should not raise any alarm bells whatsoever. That's up on the average of 0.1% for Wales and England.

Compared to the period around the referendum a year ago there are more sellers and buyers in the wider market, with the number of sales agreed up by 4.6% in June compared to a year ago, according to the latest Rightmove house price index.

Chris Froome recupera el liderato en el Tour de Francia?
"Es una sorpresa muy bonita". "Todo esto es gracias a mis compañeros de equipo hoy". (Michal) Kwiatkowski ha hecho un gran trabajo.

He warned that market conditions could become hard for some homeowners, including property investors, if there is an eventual hike in mortgage costs, with the Bank of England constantly considering when to raise interest rates.

Rightmove director Miles Shipside said the market remained very price sensitive with some properties hitting a price ceiling.

The number of sales agreed rose by 4.6 per cent in June 2017 compared to June 2016, putting the year-to-date figure nearly on a par with last year, when activity was boosted by the rush to beat the stamp duty deadline.

Mr Shipside said: 'Wage growth is muted, there are signs that consumer credit is tightening, and at some point there will be the first rise in mortgage interest rates for a decade or more which will come as a shock to buyers who have either forgotten or have never experienced interest rates going up as well as down.

Two FC men martyred, five injured in Peshawar blast
Pakistan Army on Sunday launched Khyber Phase-4 Operation in Rajgaal and Shawwal areas of Khyber Agency against miscreants. Local media reports also indicate that a FC major is also among those killed in the attack.

"We can see now that price rises are muted despite high housing demand, indicating we have left the stage of the cycle where price rises exceed the rate of inflation".

In London, Westminster sets a new peak price, up 19.7 per cent annually to reach £1,865,843.

The number of sellers coming to market is also up on the same period a year ago, with a 7.6% increase in fresh choice.

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