The latest Scottish House Price Monitor from Lloyds TSB Scotland indicated a 7.3% rise in property prices in the three months to July. However, the annual underlying figures fell by 1.5%.
The average Scottish house price is now £164,122, which represents 95% of their peak of four years ago. The number of transactions showed an increase over the past year but the bank said prices continued to be volatile.
Slight annual increases were noted in Dundee, Glasgow, Central, Fife, Perth and Tayside, with slight falls in the south east and south west.
Some 23% more surveyors asked in a survey by the Royal Institution of Chartered Surveyors (Rics) expected house prices to fall rather than rise in the next three months. It found that a similar proportion reported that prices fell in July.
London was the only area of the UK that bucked the trend.
Surveyors said that price falls were most likely in the west of England, the East Midlands, and Yorkshire and Humberside.
The group said that buyers were still finding it difficult to access mortgage funding, but interest had not dipped as a result of the bad weather in July. However, the number of
As the summer break draws to an end, the UK auction houses are approaching entry deadlines into their September auctions. We have already uploaded a new catalogue containing almost 50 new auction lots in the North West, under the hammer at the end of this month, plus a smaller catalogue for mid September with property for auction in the South West. From next week, there will be more and more new catalogues released as the UK auction houses finalise their September auctions. Keep a look out as the database is updated on a regular basis from w/c 13th August onwards. And remember if you see a
We are currently accepting entries into the September auctions - deadlines fast approaching! Has your property been on the market for ages? Or are you just needing to sell quickly? Selling your property at auction is cost effective, simple, fast and stress free, so if you want to find out more then contact us today!
What are some of the benefits of selling at auction?
The possibility of obtaining a higher price and an earlier sale.
A greater certainty of selling your property - 60-70% on average.
Predictable time scales so you can plan ahead with confidence.
Liverpool-based auctioneer Venmore achieved one of its best results for five years at their 19th July auction, held at Liverpool Town Hall, where the company raised £1.9m.
The auction, which had 50 lots on offer, generated receipts of £2.2m with 72 per cent of the properties on offer being sold. Post auction sales are likely to push this figure about 80 per cent.
Geoff Guest, commercial director at Venmore’s Dale Street branch, said: "We have seen strong demand, particularly in the residential sector, with savvy investors bidding on the more reasonable priced mid terraced houses."
London's prime residential home values rose by an average of 0.9% in the second quarter of 2012, and annual price growth slowed to 6%, as some of the heat has started to come out of the market in the early summer, the latest data from Savills suggests.
Its July 2012 report also shows that overseas buyers have remained committed to the very best central locations, accounting for 58% of buyers in the first half of 2012. Though limited in supply, sales of new build property tailored towards the needs of high net worth overseas buyers have been particularly strong.
Just a reminder to let you all know that the majority of the auctions for July have taken place, with a few remaining this week and early next.
There are only a handful of property auctions taking place in August due to the summer break, with nationwide auctions recommencing properly from early September. We will be displaying the Unsold (Available) Lots from the June and July auctions that have taken place, as and when the results are released by the auctioneers. So keep checking back to see if you can grab yourself a bargain post auction.
New auction catalogues should start being released
Millions of pounds worth of local authority-owned land and property are expected to be sold off at a number of public auctions, it has been revealed.
Shropshire Council is planning to hold sales in Shrewsbury and London this year of assets it no longer needs in a bid to bring in £11 million this year. The authority has so far raised £2.5 million towards the target so far this year.
Although no details have yet been released, officials have confirmed that a property auction will be held at the Guildhall in Shrewsbury on 7th September, with a further auction will take place on 15 October.
Land very rarely comes up for sale in the Sopley area but on 18th July, Auctioneers Symonds & Sampson had three lots for sale right in the centre of the village.
Auctioneer Greg Ridout said, “The land was for sale on behalf of a local landowner who had held the land for a very long time. We received a terrific amount of interest.
“The auction was held in the Village Hall as we were only expecting a handful of people but a crowd of 75 turned up, including people from a 30 mile radius.
“The prices that we achieved were quite astonishing showing just how much latent demand there is and we ended
Residential property prices in Ireland fell again last month, reversing a temporary upward trend in the housing market in May, the latest official statistics show.
Prices across the country fell by 1.1% in June and by 14.4% on annual basis, according to the Residential Property Price Index, which is compiled by the Central Statistics Office.
The monthly decline follows a 0.2% rise in May, the first monthly rise in nearly five years which some had hoped was a turning point in the long running trend of collapsing prices.
The figures, based on mortgage drawdown data supplied by banks, showed
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.