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House Price Market Update for April 2010

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April's figures back up our forecast that the second half of 2010 will show house price growth curbed. To date, property price reports have been comparing 2010 versus a poor performance in 2009, from April 2009, the property market showed signs of recovery. As a result, it's much tougher for the figures to show a growth versus last year as sales, prices and the number of buyers has clearly slowed down.   

Does this mean we are heading for the dreaded 'double dip'? Kate Faulkner doesn't think so, "I'm afraid property price reports will show a small growth one month and a small fall the next and this yo yo'ing in prices will just end up with property prices being pretty flat 2010 versus 2009".

However, this picture is very regional, so what will happen in YOUR area in 2010?
READ MORE

The outlook for 2010 will depend on whether buyers have run out of cash, interest rates go up forcing repossession. READ MORE for a summary of Kate's price predictions for 2010.

Performance and commentary since January 2009:-

Jan 10Feb 10Mar 10         
Jan 09Feb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09Oct 09Nov 09Dec 09

Click here to see our latest buying/selling articles

Headline Statistics for April 2010

Headline Statistics

Statistics

+/-

Source

Month

Average Prices

£164,288 to £235,512

+7.5% to +6.0% YoY

Rightmove Highest
Land Registry Lowest

March/April data

Transactions*

58,775*

+62.08% YoY

Land Registry

Oct to Jan 10

Time to Sell

8.3 Weeks

No change from last month

Hometrack

April
Number of viewings to sale11No change from last month

Hometrack

April

Offer to Market Price

94%

No change from last month

Hometrack

April

% change in new buyers registering with agents

1.0%

Versus 3.3% last month

Hometrack

April

No of houses sold by agents8

No change from last month

NAEAApril
% sold to for sale boards26.5%Slight increase on last month

For Sale Sign Anaylsis

April

Number of new mortgages48,901Up on last monthBank of EnglandMarch

*  Per month

Sold versus For Sale Sign Boards data*


Month 2010

Jan

Feb

Mar

Apr

Percentage
Sold

26%

26.4%

25.4%

26.5%

Month 2009

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Percentage
Sold

16%

12%

17%

19.5%

21.1%

28.3%

29.5%

30.2%

36.3%

27.3%

31%

34%

26.7%


*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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