News Archive: house prices

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10, 2012 February:

Canadian prices could soar by nearly 10% this year says CREA

Residential property prices in Canada could soar by as much as 9.3% in 2012, says The Canadian Real Estate Association, as international buyers and a strong domestic economy keep the market busy.

09, 2012 February:

Realistic approach to rents is vital in 2012, reveals Belvoir index

A realistic approach to rents is vital in the year ahead, says Belvoir MD Dorian Gonsalves. The monthly index report for 2011 produced by Belvoir Lettings, the specialist residential lettings agency, shows that contrary to many reports in the national press, many regions have not recovered to the levels of rent achieved in 2008.

Video - How the housing market could shape the 2012 election

A new Standard & Poor’s Case-Shiller Home Price Index showed U.S. home prices fell for a third straight month in two Florida cities, Miami and Tampa. Jeffrey Brown discusses the housing market’s role this election season with The Wall Street Journal’s Arian Campo-Flores and Jed Kolko of the real estate website Trulia.

Central London prices up 12% in a year, says Knight Frank

Estate agents operating outside the gold-paved streets of London might want to look away now – but Knight Frank is reporting that prices of prime central London property have risen 11.9% since this time a year ago and are now 42% higher than their post-Lehman low in March 2009.

Asking price discounts hit all-time high

One in three of the properties currently for sale have had their asking price cut, according to Zoopla.co.uk.

08, 2012 February:

Edinburgh house prices down 1.1% annually

Latest house price figures from ESPC show that the average house price in Edinburgh fell by 1.1% annually in the three months to January.

Finnish 4Q house price slide is first since 2009 - KTI

Finnish house prices fell in the last quarter of 2011 for the first time in almost three years, sliding by 1.4% from the third quarter, says Helsinki real estate research group KTI.

06, 2012 February:

House prices up 0.6pc in January

Halifax has provided a welcome boost to the UK housing market, having worked out that the value of the average home rose 0.6% in January, to £160,907.

US property prices fell 4.7pc nationwide in 2011, latest data shows

Residential property prices in the United States fell by 4.7% in 2011 compared with 201, the fifth consecutive yearly decrease, the latest index from Core Logic shows.

Kuala Lumpur prices crash 5.6pc says Knight Frank index

Residential prices in Kuala Lumpur crashed by 5.6% year-on-year in 2011 according to the latest Knight Frank Prime Global Cities Index. The Malaysian capital city was ranked 20th out of 23 locations surveyed, based on its annual rate of decline in home values.

02, 2012 February:

French Riviera property drops below €2m for first time

The average price of French Riviera property has fallen below €2m for the first time in history, according to the latest Luxury Property Index. Price drops in 2011 drove sales up by 16 per cent, but the cost of prime Riviera real estate is now at an all-time low of €1,925.383.

Moving costs increase quicker than house prices

The cost of moving house in the UK has risen at a faster rate than house prices over the past decade, according to new research by Lloyds TSB.

Jakarta seeing strongest residential prices growth in Asia, index shows

High end property prices are falling in Shanghai and Hong Kong but rising in Jakarta, Bangkok and Mumbia, the latest report on Asian real estate shows.

01, 2012 February:

Australian house prices dip in slow December-RP data

Figures from property consultant RP Data-Rismark showed Sydney had been the nation's best performer, with dwelling values up 0.4 percent in December. The median dwelling price for Sydney stood at A$485,000 ($512,700).

UK: House prices fall unexpectedly

House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers' problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday.

Tight-fisted mortgage lenders pressure home sales

Home prices have fallen by a third since 2006, creating tremendous bargains for home buyers. Mortgage rates are at rock-bottom lows, making houses more affordable than they have been in decades. Yet home sales last year fell to the lowest levels since the government began keeping records in 1963.

Assetz: UK property prices unchanged in 2011

Analysis of new data from Assetz House Price Watch in 2011 reveals that December saw the biggest monthly fall in prices last year, down 1%.

31, 2012 January:

New Zealand house sales increase but prices fall

Residential property sales have increased over 20% year on year although nationally prices are falling, the latest figures from the Real Estate Institute of New Zealand (REINZ) show.

Singapore market sinks to lowest point since 2009

The rate of home price increases in Singapore slowed to a crawl in the fourth quarter of 2011, and the market is now at its lowest point since the third quarter of 2009, official government data showed this week.

Latest Land Registry data shows property prices stagnant in 2011 in England and Wales

Average residential property prices in England and Wales remained unchanged from November to December, the latest House Price Index from the Land Registry shows.

30, 2012 January:

Chill over housing market as new buyers fall by 10.5pc

Home prices have not risen for 18 months and could fall by 5 per cent this year, say analysts

Is now a good time to buy Panama property?

The latter part of 2012 could be the right time to invest in real estate in Panama, with one expert in the country expecting property prices to begin to rise from 2013.

Greece: House prices set for a decline of some 15 pct

Prices in the residential property market are expected to fall by 15 percent this year, while the decline could prove even greater if the country’s financial situation worsens.

Scottish prime property market relatively resilient, says Knight Frank

Prime Scottish property prices fell by 3.2% in 2011 but the Scottish Borders has bucked the trend, rising by 1.2%, according to the latest figures from Knight Frank published today (Monday 30 January).

27, 2012 January:

Property prices in Mumbai to remain stable till June: Report

Mumbai, Jan 23: Prices of residential property in Mumbai, which started to soften three months back, are expected to remain soft at least till June. That’s probably why developers continue to offer discounts and freebies to buyers though it’s unlikely, say hopeful consultants, that prices would correct sharply.

26, 2012 January:

Video - Irish Times: Property prices fall 16.7pc

South Africa property prices up

The value of homes in South Africa climbed in December compared to a year earlier, it has been revealed.

Welsh house prices rise for sixth consecutive month

Wales is the only region in England & Wales where house prices have risen so consistently according to the latest LSL Wales House Price Index.

25, 2012 January:

Malaysia house prices expected to climb

Developers in Malaysia believe house prices in the nation are likely to increase over the coming 12 months, new research has revealed.

Scottish house prices fell back at end of 2011

Residential property prices in Scotland started falling towards the end of 2011 as a summer gain fizzled out, the latest figures from chartered surveyors show.

24, 2012 January:

Bonus rich financiers don’t think UK house prices will rise in 2012

Confidence that UK house prices would rise in the coming 12 months deteriorated in January, partly due to a sudden slump in optimism among those working in the financial and business services sector.

23, 2012 January:

Rents see second successive monthly fall

Rents fell for a second successive month in December, according to the latest Buy-to-Let Index from LSL Property Services plc.

Bulgaria’s dwelling prices slumped by 6pc in 2011

The average market price of Bulgaria's dwellings decreased by 6.1% in 2011 compared with 2010, according to the country's National Statistical Institute.

New Zealand homes prices surge 20pc upwards

Residential property sales in New Zealand improved by a fifth year-on-year in December, according to a new survey from the Real Estate Institute of New Zealand (REINZ) this week.

20, 2012 January:

7 things that won’t happen in 2012

As Europe struggles with debt, the future of global property is uncertain. Reports suggest market recoveries one week, financial slides the next, while some still believe that the world will end in December. How do you know what property to buy? To clear up the confusion, here are seven things that won't happen in 2012...

Investors flood Southern California housing market in December

A record number of investors and second-home buyers flooded the Southern California real estate market in December, though not enough to give sales in the region a bump over the same month a year earlier.

Record value gap between London and country

Falling values in the prime regional residential market during 2011 opened the gap between prime London and regional house prices to its widest ever, making the best regional real estate look good value compared to the capital, where values rose throughout the year.

19, 2012 January:

Foreigners snap up Swiss property

With average house prices nearing 800,000 francs, the Swiss residential real-estate market continues to boom. Market participants say there is no end in sight as cash-rich Europeans and Russians keen to protect their assets fuel demand.

18, 2012 January:

Dutch house prices fell by 4pc in 2011

House prices fell by an average of 4% last year, the Dutch estate agents organisation NVM said on Thursday.

17, 2012 January:

Is this London’s sky-high housing solution?

100,000 people will need homes in London every year until 2016, experts predict. To meet growing housing demand, architects have dreamed up a sky-high solution: a 1,500 metre tower with room for 100,000 people, despite new research revealing an "unhealthy correlation" between skyscrapers and financial crashes...

Price history: thriving property market in Seychelles

Blessed by nature, the Seychelles is an archipelago of 115 islands with superb beaches, an unspoiled landscape, virgin forest, amazing marine life, lots of orchids, bougainvilleas, hibiscuses, gardenias and frangipani, and a profusion of bird species found nowhere else. It is 1,600 km off the coast of East Africa, with a population of only 81,000.

First-time buyers alive and well as house prices become affordable, says CML

First-time buyers are alive and well as house prices become more affordable, according to the Council of Mortgage Lenders (CML). Despite higher deposits being required, reports of the disappearance of first-time buyers are greatly exaggerated because falling house prices are making property more affordable, banks and building societies claim.

16, 2012 January:

Vegas breaks home sales record

Vegas set a new home sales record in 2011, the latest figures reveal. 48,186 homes were sold last year, with the state recording the highest number of property transactions in over a decade. As foreclosures filled up the market, investors began to gamble on Nevada's real estate in 2011. With 2012 expected to be equally strong, that bet is starting to pay off.

Price falls hit market for country houses

The prices of country houses fell by 3.1 per cent in 2011 with the decline most marked in Northern England, according to Knight Frank.

Auckland now has least affordable housing market in New Zealand, according to new data

Auckland has overtaken Central Otago Lakes as having the least affordable real estate in New Zealand, the latest home affordability report from Massey University shows.

13, 2012 January:

Time on market rises to record high – HAP Index

Asking prices for homes on the market in England and Wales have fallen 0.3% since December, according to the new Home.co.uk Asking Price Index. The report, which is the UK’s only independent forward market indicator, finds that the decrease is in line with seasonal expectations.

12, 2012 January:

House prices fall at slower pace

House prices fell at a marginally slower pace in the three months to December against a backdrop of steady demand and a modest rise in the number of properties coming on to the market, a survey showed on Tuesday.

£1m-plus houses the most likely to gain in price

More expensive houses are the ones most likely to go up in value, with owners and agents unafraid to up their asking prices.

11, 2012 January:

Home prices decline 4.3% in November: CoreLogic

Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic (CLGX: 13.41 +3.55%) in its November Home Price Index.

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