Property Prices – The Facts behind the Headlines

Property Prices – The Facts behind the Headlines

Kate Faulkner’s Latest Property Price Summary

Report Headlines:-
Rightmove – “Early days of Help to Buy fail to halt usual pre-Christmas fall in new seller asking prices.”
Home.co.uk “Prices Hit New High as Supply Drops to New Post-Crisis Low.”
Hometrack – “Widening supply/demand gap pushes house prices up 0.5%.”
Nationwide – “House prices rise by 0.6% in November.”
Halifax – “House prices continued to rise in November. The annual rate of price increase rose again with prices in the three months to November 7.7% higher than in the same three months last year.”
NAEA – “Surge in house hunters marks a return in confidence in the housing market.”
Acadata – “Transactions and prices continue to climb across England and Wales.”
Land Registry – “The October data shows a negative monthly price change of 0.2 per cent.”

Kate Faulkner comments on Report Headlines:
“One of the key issues we are now seeing is the return of the first time buyer to a healthy 30% of the market. The problem with this is it isn’t bringing any more supply to the market. As properties are seen to sell faster and for more money, buyers can ‘panic’ and desperately offer as much as possible ‘to get on the ladder’.  However, this is dangerous, as property price growth is predicted to fall back over the next couple of years. It is far better to wait and by the right property for you than to panic buy and regret it in a few years when you realise you want to move again!”

Read the full version of Kate Faulkner’s latest  Property Price Summary here, including:-

  • 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.

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 Property Prices – The Facts behind the Headlines

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

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