We track over eight monthly reports on property prices produced on a monthly basis. This report summarises what these reports say about the market and Kate Faulkner comments on what this means for the industry, the market and general public.
Rightmove – “Sprightly start to 2013 but ‘old hands’ support the market” Nationwide – “While activity in the housing market remains muted by historic standards, there have been tentative signs of a pick-up in activity in recent months”
Hometrack – “Prices flat in January but 79% of agents optimistic about spring market. Volumes expected to grow rather than prices.”
RICS – “Activity levels edge up national price balance indicates stable picture, newly agreed sales rise and price outlook more positive for 2013”
Acadametrics – “House prices climb £7,000 in 12 months as mortgage rates fall”
Land Registry – “January house prices up 1.0 per cent since December”
Smart New Homes – “New homes market sees annual growth of 1.1% in 2012”
Kate Faulkner comments:
“According to most of the reports, the market does seem to show signs of, dare we say it, ‘green shoots’. However, the first half of the year has traditionally been buoyant since the credit crunch and then been subdued for the rest of the year. It also appears, the uplift is just based on new builds for first time buyers and older, cash buyers/sellers at the other end of the market, so the uplift isn’t necessarily across the whole housing market.”
View the full Property Price Summary here, which includes:-
- New Home Property Prices
- Regional Property Price Differences
- Demand for Property
- Supply of Property
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