House Price Market Update March 2009

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Summary Commentary for March 2009
At last the property market news is starting to suggest that we are not going to suffer further falls in the market this year. Buyers are coming back into the market, mortgage completions are up and the Nationwide and New Homes data are reporting the first increase in prices for over a year.  

However, it's important not to get too excited. The current flurry in activity is mainly due to pent up demand from last year and property investors with a good bank balance buying as much property as they can while prices are so low. It's likely that by the summer this demand will fall back a little unless lots of affordable mortgages for first time buyers come onto the market. The property market can't begin until the threat of unemployment subsides and reasonable lending at 90-95% starts to become lending norms. READ OUR CONCLUSION

January 2009February 2009

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Headline Statistics

Headline Statistics

Statistics

+/-

Source

Month

Average Prices

£150,946 to £218,081

-9% to
-17.5%

Various

March

Transactions*

38,830*

-59%

Land Registry

September to December
Average

Time to Sell

11.3 Weeks

N/C

Hometrack

March
Number of viewings to sale13N/C

Hometrack

March

Offer to Market Price

88.8%

N/C

Hometrack

March

Number buyers registered**

Awaiting Information

%

NAEA

March

% sold to for sale boards19.5% up from 17%

For Sale Sign Anaylsis

March

*  Per month
**Per agent

Sold versus For Sale Sign Boards data*

MonthDecemberJanuaryFebruaryMarch

Percentage Sold

16%12%17%19.5%

*Data provided by FSSA, for more information on this data, Contact us

Links to useful Buying and Selling Reports

Price Indices
There are at least seven property indices and other companies that comment on the property market, please checkout the links below:-

Rightmove    Halifax    Nationwide   RICS 
Communities    Financial Times    Land Registry

Other useful resources
Hometrack    NAEA    RICS    Savills    Knight Frank

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018

 

 

NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

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