The outlook for 2011 is gloomy with the sales market expected to stagnate and lending predicted to stay low.
London residential rents to grow 3% in 2011
International property consultant Cluttons has forecast that residential rents in the central London property market will grow by three per cent this year. Read More...
Strong price outlook for most land farmland types in 2011
Strong commodity prices and an improved prime country house market will help to maintain values this year, but growth may soften in 2012 as the outcome of CAP reform becomes clearer, warns the firm in its Agricultural Land Market Survey 2011.
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Property prices and lending down in the UK
The Bank of England figures show that net mortgage lending, after repayments, was £8.15 billion in 2010, down from £11.3 billion in 2009. December, net lending shrunk by £298 million as homeowners repaid more than they borrowed, only the third time this has happened since records began in 1993. Read More...
Prime London Home Prices to Increase as U.K. Buyers Return
Values across the U.K. may rise 2.5 percent a year, with central London properties gaining 5 percent, the London-based real-estate broker said today in a five-year forecast. Improved economic conditions and the return of bonuses should drive further growth, it said. Read More...
UK property prices ended 2010 up 3.8% year on year but set to stall in 2011
Residential property prices in the UK increased by 0.5% in December from the previous month taking the average price to £208,148, according to the latest figures from the UK government. It means prices saw an annual jump of 3.8% but average house prices were 0.4% lower over the quarter to December, compared to a quarterly increase of 0.2% in the third quarter of 2010. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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