The UK Housing 'Bubble' Is Deflating
Property prices in the UK have risen sharply since hitting post-crisis lows in 2011
Oct 30, 2014
Source :


The Bank of England released new figures Wednesday providing more evidence that fears of a house price bubble in have been overblown.

Property prices in the UK have risen sharply since hitting post-crisis lows in 2011. Over the past year alone prices have risen by 7.2% across the country, with London prices up an astonishing 18.4%. Much of this is due to deferred demand from the crisis, with many people putting off home moves while the economy was weak, and over-enthusiasm that we could be returning to the halcyon days of the pre-crisis housing market boom.

However, September saw a reversal of this trend with a modest monthly fall in prices and new data from the Bank of England suggests there may be further weakness to come.

The number of loans granted against dwellings in September fell to 101,008, down from 105,816 in August. The value of mortgage loans over that period fell from £10.3 billion to £10 billion, with remortgages falling by a similar amount.

Latest Realty News

KDA speeds up New Transport Nagar scheme
Oct 29, 2014
Kanpur: The chief minister's proposed visit to the city activated Kanpur Development Authority and its officials have started an exercise to settle New Transport Nagar
Realty stocks surge on buzz Govt to take call on FDI relaxation for construction
Oct 29, 2014
Mumbai: Department of Industrial Policy and Promotion (DIPP) has proposed substantial easing of norms for affordable housing and the 100 smart cities
GHMC bulldozes floors for violating building rules
Oct 29, 2014
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) began demolition of illegal floors of a multi-storeyed apartment in Musheerabad
Register flats only after papers in place: Owners
Oct 29, 2014
GHAZIABAD: The Federation of Apartment Owners Associations (FedAoA) of Ghaziabad has urged the district administration to allow registration of flats in the city only after builders furnish completion certificates
Start razing Ooty illegal buildings: HC
Oct 29, 2014
CHENNAI: Nilgiris is set to witness a spate of demolitions as the Madras high court has ordered the Tamil Nadu government to start razing unauthorized structures
Outer Delhi is site of Smart City
Oct 29, 2014
NEW DELHI: Commercial focus may move out of New Delhi with big plans of Smart City development being made on the outskirts.
Forum Group starts building Rs 500 crore mall in city
Oct 29, 2014
Kolkata / Bhubaneswar: Kolkata-based real estate developer Forum group has commenced construction of Rs 500 crore shopping mall and office space complex at Rasulgarh square in Bhubaneswar
Realty may get FDI push today
Oct 29, 2014
Delhi/Mumbai/Kolkata: The Cabinet may on Wednesday decide on relaxing foreign direct investment norms in construction sector
Kanpur Development Authority to sell 2,560 flats in eight colonies
Oct 28, 2014
Kanpur: Kanpur Development Authority had decided to sell its colonies to present occupiers
YEIDA to set up 4 hi-tech townships
Oct 28, 2014
GREATER NOIDA : The Yamuna Expressway Industrial Development Authority (YEIDA) is all set to get the UP government's nod for the second phase of Master Plan 2031

Latest Realty News Of State

Realty Talk's