New FindaProperty.com House Prices & Affordability Index Launched
The first edition of the FindaProperty.com House Prices & Affordability Index was launched this month.
The index has been widely covered in leading publications such as Evening Standard, Times Online and The Guardian amongst many more. It’s also proved extremely popular amongst your peers, with over 2,000 estate agents downloading a copy.
See the latest coverage here:
Confidence blows away clouds in housing market
Promises of a “barbecue summer” may have proved wide of the mark, but the property market has been hotting up — rising house prices, an increase in homes put up for sale and a jump in mortgage applications combining to paint a picture of growing confidence.
Mortgage lending rises significantly in July
Mortgage lending for house purchases showed its first significant increase since early 2007 in July, according to the latest Council of Mortgage Lenders‘ survey.
Why is this of interest?
As a starting point, the index covers house price fluctuation on a national level as well as a regional basis, providing a top level overview of what’s happening in your area. This provides additional information for your vendor discussions as well as help in securing new instructions by enhancing your local expertise.
The index gives equal coverage to first-time buyer affordability and the true cost of moving up the property ladder, and provides much more detail than other indices. Most importantly of all, we’re working with Calnea Analytics – the company behind the Land Registry Data – and from a much larger database than other reports in the market.
September 2009 Index
| Septemer 2009 Overview | |
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Michael O’Flynn, Director |
• National asking prices follow gradual upward trend in September and rise 0.2% – the sixth consecutive month of property price rises • Despite a monthly drop of 0.2%, larger properties have risen a healthy 6.6% annually. But, First Time Buyer prices continue to stagnate. Despite a monthly rise of 0.3% they are down significantly year on year |
| Read more… |
“Movement into positive annual growth in house prices is the news homeowners have been waiting for and suggests the market is making a sustained recovery. The FindaProperty.com House Prices & Affordability Index will be sent direct to your inbox every month as soon as it’s released.
