Twitter Facebook RSS FEEDS

FT: House prices steady in May

Friday, 8 June 2007 12:00 AM

House price growth remained steady in May at 0.5 per cent, the latest house price survey from the FT reveals today.

This puts the price of the average property in England and Wales up to £220,319, up £1,176 from April to May.

Compared with the same month last year house prices are up 8.5 per cent.

This continues "the broad picture of stability" said Peter Williams of Acadametrics, who carried out the research on behalf of the FT.

"The average house price in May was £220,319, up from £219,143 in April. However there is considerable variation at regional level," commented Mr Williams.

He noted average prices in April exceeded £200,000 in four regions - the south-east, south-west, East Anglia, and Greater London.

"Market indicators from across the property purchase process (enquiries, mortgage approvals, transactions) show clear evidence of the slow down and support our assessment of the flattening price trend," Mr Williams added.

Commenting on Acadametrics' prediction that home information packs (Hips) would be a non-event last month, Mr Williams said their prediction was right "but not in the way anticipated".

"A policy delay which looks increasingly like a policy abandonment has removed some pressures from the market although sadly, because of the way it has been handled, it has led to continued uncertainty," he concluded.

Related stories

House price stabilisation expected

Scottish house prices 'will remain steady'

Scottish house prices 'will remain steady'

 You can't really go wrong if making a house purchase at £501.

£501 for what may be the UK's cheapest house

With the top bid currently standing at £501 there is a chance that this two bedroom terraced home near Durham could become the UK's cheapest house.
House prices up 0.1 per cent in September, says Nationwide. Image: Thinkstock

House prices mark time in September

Nationwide says average UK prices little changed on a year ago and a month ago.

 Belfast city centre from above

Rent increase in Belfast may only be short-term

Rents in the Northern Irish capital are up 4.2 per cent on last year – but with legislative changes due in October, this may not last.
New consumer sentiment index says expectations of house price growth over next 12 months at highest level for over a year. Image: Thinkstock

House prices fall again but expectations higher

New consumer sentiment index says expectations of house price growth over next 12 months at highest level for over a year.

Row of terraced houses

Gross mortgage lending up in May

The total amount of money borrowed from mortgage lenders showed marginal monthly and yearly improvements last month.
Houses in Edinburgh

Scottish house prices hit 2007 levels

In the three months to the end of July 2011, the average domestic property value in Scotland fell by 3.7 per cent.

 Row of terraced houses in London

House prices rise £30 per day

The average house price has risen by £5,478 compared to six months ago, accprdomg tp figures out today.
House prices in market towns have risen by £1,000 a month on average over the last decade, say Lloyds TSB. Image: Thinkstock

Market towns enjoy £1,000 a month house price rise

Over the last decade house prices in market towns have risen by £1,000 a month on average say Lloyds TSB.

 PwC said there is only a 12 per cent chance that house prices will reach their 2007 peak by 2015.

Average house prices won’t recover peak until 2020

Average housing prices are unlikely to climb to their previous peak levels until 2020, according to new research out today.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.