Rightmove
The UK housing market failed to produce its seasonal May rally this year, with subdued supply and demand leading to flat asking prices everywhere but London.
The national average asking price for homes topped May 2008 levels this month, new figures have shown.
Opportunities in the overseas mortgage market are ripe for the taking, says Clare Nessling director at Conti, as she explores the growing attraction of this market
Other Rightmove articles
UK house prices continued their upward trend in March with average asking prices climbing 1.6%, Rightmove has found.
The government’s NewBuy housing initiative has officially launched today, with Nationwide, Barclays and NatWest all confirming 95% LTV products.
Some areas of the UK are in danger of seeing a rental bubble, as tenant demand has more than doubled in the last two years while available rental stock has fallen nearly 10%, according to Rightmove.
Platform said a fifth of its business is accidental landlords as many sellers lose patience with the slowing housing market.
The proportion of households owning their homes was 66% in 2010-11, the lowest figure since 1988, according to the Department of Communities and Local Government.
Gross mortgage lending in January rose 10% year-on-year to £10.5bn as market sentiment improved, but was down 14% on December’s total of £12.2bn, according to the CML.
New property sellers in England and Wales dropped average asking prices 2.7% in December to £225,766 compared to the previous month, leaving prices up just 1.5% year-on-year, Rightmove has revealed.
Only 23% of people intending to buy a property over the next 12 months will be first-time buyers, compared to typical levels of 40% before the credit crisis, Rightmove has said.
Average property asking prices in England and Wales fell 3.1% in November - the largest drop for four years and the third largest on record, according to Rightmove.
The proportion of “trapped renters” - those wanting to buy, but unable to afford it - has risen almost 3% to 55% at the beginning of Q4, with more than a quarter of such renters aged over 40, according to Rightmove.
Most read articles
Updating your subscription status 
Latest jobs
Job of the week
Search jobs
Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
Advisers at risk from ‘no-money-down' buy to let deals - expert
How top 'referral getters’ do it
More networks contemplate Abbey fast-track exit
Only 400 homes reserved through NewBuy scheme
FSA approves first regulated residential property fund