A good start to the property market year for 2013 – but will it last?

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.

Report Headlines:-

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

What to do next? For more help, from Kate and her team, join Property Checklists for free.

Buying your first home Trading up Buy to Let Renting a Property Selling a Property For Industry Professionals If you are you a property professional or journalist who needs up to date, accurate, facts and figures, stats about residential property, subscribe to our Property Information Portal.

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About Kate Faulkner

One of the UK’s leading property experts, commentators and analysts. An author of a number of property books, including four property guides for the consumer organisation Which?. Media appearances include BBC1 Breakfast, ITV/ITN, The One Show, BBC2 Your Money, Radio 4 You and Yours, Radio 5 Live, Channel 4, plus numerous local BBC radio stations.
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One Response to A good start to the property market year for 2013 – but will it last?

  1. Pingback: Previous Property Price Reports | Kate Faulkner BSc (Econ) MBA DipM CIM

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