"The Easy Way to Get Your Best UK Mortgage"



Bookmark This


Google Feeds


Yahoo Feeds


AOL Feeds


Newsgator Feeds
About Us
Your Privacy
Contact Us
Tip Our Charity
This website is Approved by Cradon Investments Ltd Authorised and Regulated by
the Financial Services Authority FSA No: 300505


TrustGuard

UK House Prices Forecasts and Predictions for Home and Property in the UK at 9th February 2007

UK House Prices Situation: Strong

UK House Prices Forecast: Firm but less buoyant than 2006

New Figures Show Drop In Mortgage Approvals

New figures released by the Bank of England reveal that mortgage approvals, considered a good predictor of housing market activity, dropped from a 3-year high of 129,000 in November to a more modest 113,000 in December.

Kelvin Davidson, of Capital Economics, believes this data may indicate the beginning of a change to the housing market, commenting that, "We continue to expect a marked cooling in activity levels and house price growth over the course of 2007."

Although significant, a reduction in mortgage approvals in December is not unprecedented and is likely, in part at least, to have been seasonally-influenced. Approval data for January and February should provide a more accurate indication of which way the market is going.

Prices Remain Unchanged Across 72% of UK in January

A new survey published by Hometrack shows that while localised house price growth continued in areas such as London in January, 72 per cent of UK homeowners saw the value of their homes remain unchanged in the first month of the year.

Headline house price inflation rates were distorted by a remarkable 0.8 per cent rise in the average price of houses in London, leading to a 0.4 per cent rise for the UK as a whole – equating to a 6 per cent yearly increase.

Hometrack's survey also showed that over the last year, the average time taken to sell a property had fallen from 8.1 weeks to 6.7 weeks, a sign of strong demand.



[improve this article]

Browse over 200 Free Mortgage Tips

Your Complete Guide to UK Mortgages

Find Out How to Win the Race to Buy Your Home - Home Buyers Guide

How to Sell Your Home

Learn How to Save ££s by Remortgaging

Read the Insider Info on Home Insurance

Best Buy UK Mortgage Tables

UK Mortgage Calculators

UK Mortgage Quotes

First Time Buyers

Self Employed Mortgages

Bad Credit Mortgages

Overseas Mortgages

Common Questions / FAQs

Mortgage Definitions

Mortgage Lenders UK List

LATEST MORTAGE UK NEWS

Site Help

About Us

Your Privacy

Contact Us

HELP

Mortgage Guide Site Map

Tip Our Charity