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Confidence that house prices are recovering some of their lost ground grew last week when two influential reports showed prices rising strongly in July.
Mortgage lending jumped 26 per cent in July according to the Council of Mortgage Lenders (CML).
The number of repossessions fell in the last three months according to the Council of Mortgage Lenders (CML).
House prices in Glasgow rose by almost six per cent in the last three months according to the latest House Price Monitor from Lloyds TSB Scotland. The rebound means that prices in the city have fallen by just 0.5 per cent in the last 12 months.
Mortgage lending in June was 23 per cent higher than in May according to the Council of Mortgage Lenders (CML) amid signs that the tightening in lending criteria since the onset of the credit crunch has come to an end.
The Scottish housing market has turned a corner – that at least seems to be the conclusion of the latest housing market report from the RICS (Royal Institution of Chartered Surveyors).
House prices could end the year higher than they started according to the RICS.
The number of homes sold in Scotland in the three months to the end of June was down by almost half compared to the same time last year according to the Registers of Scotland. But prices rose in the second quarter by 3.7 per cent.
House prices really did rise in July – that seems to be the consensus as both the Nationwide and the Halifax issued reviews of the market showing prices up last month by 1.3 per cent and 1.1 per cent respectively.
House prices in England and Wales rose in June for the first time in since January 2008.
In light of recent conflicting reports on house prices, the British Bankers' Association (BBA) has attempted to shed some light on the state of the UK's property market.
Glasgow is set to gain a 300-berth marina on the southern bank of the Clyde, according to plans outlined this week by Scottish Enterprise.
With seemingly contradictory reports coming out on a regular basis, making sense of house price patterns has been a difficult task of late.
Biling itself as “eBay for savers”, Europe’s first interest rate auction house will launch online next week.
There was another sign that the housing market is regaining momentum last Friday, when Bovis Homes announced a remarkable 92 per cent increase in reservation levels on private new homes.
The steady tightening of lending criteria by mortgage lenders is coming to an end according to an analysis by the CML (Council of Mortgage Lenders).
GSPC has released its latest report on the property market amid signs that prices are stabilising and selling times are shortening.
More signs of stability in house prices can be seen in the July property market report from the Halifax.
House prices across the UK rose by 1.1 per cent over the last three months, according to the latest quarterly survey from the Nationwide. The building society said that they were up by 0.9 per cent in June, the third rise in the last four months.
More signs have emerged that property prices are stabilising. The Land Registry reported that prices fell 15.9 per cent in the 12 months to the end of May. That is somewhat better than the 16.2 per cent fall recorded for both April and March this year and a noticeable improvement on the 16.5 per cent fall recorded for the year to February.
Mortgage lending to buyers rose again in May in according the British Bankers Association (BBA).
The Council of Mortgage Lenders (CML) has cut its forecast for repossessions this year and lifted its estimate for net mortgage lending in 2009.
The new boss of Royal Bank of Scotland (RBS), Stephen Hester, has said that banks lent too much money to buy residential and commercial property, but that RBS would allow commercial and residential property owners the time they need to manage their debts.
A fall in total mortgage lending in May is largely the result of a decline in re-mortgaging and probably conceals an increase in lending for house purchase according to the Council of Mortgage Lenders (CML).
Homes in Scotland are selling at prices closer to their asking price than anywhere else in the UK. And the gap between asking prices and selling prices is narrowing across the country.
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