House prices jump £20k in a year, says Nationwide…

ThisIsMoney

“Despite house prices recording their fourteenth successive monthly increase in June, the tide is most definitely turning.

“Buyers are thinking twice about making such a major investment, worried about overpaying. Another growing concern is affordability, particularly with the looming threat of an interest rate rise, which is now looking increasingly likely.”

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‘Unsustainable’ London house prices rise 25%

MortgageSolutions

“Despite house prices recording their fourteenth successive monthly increase in June, the tide is most definitely turning. Buyers are thinking twice about making such a major investment, worried about overpaying. Another growing concern is affordability, particularly with the looming threat of an interest rate rise, which is now looking increasingly likely.

“Many of those buying for cash are looking at potential growth and worried about the flattening out in the market. The question they are asking is: how long will I now have to wait to realise some growth?”

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House prices now fast approaching 2007 peak

MortgageSolutions

“The London market powers onwards, according to the Land Registry, with double-digit growth. But agents suggest that sentiment is changing as buyers are taking more time to consider a purchase before taking the plunge.

“Mark Carney has made it clear that interest rates will go up sooner rather than later so buyers are rightly asking whether they can they afford the property now and also in a year’s time when rates could be higher. Even a 0.25 percentage point rise will make a difference: it may not sound like much but that’s a 50% jump from where we are now so it needs to be taken seriously.”

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House prices: London now ‘far ahead of the curve’

TheIndependent

“The London market powers onwards  with double-digit growth,

“But agents suggest that sentiment is changing as buyers are taking more time to consider a purchase before taking the plunge.

“Mark Carney has made it clear that interest rates will go up sooner rather than later so buyers are rightly asking whether they can they afford the property now and also in a year’s time when rates could be higher. Even a 0.25 percentage point rise will make a difference.”

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Pension funds into property?

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“While property is attractive to investors because it is tangible and people understand it better than stocks and shares, it is important to spread your investment risk particularly as property prices can go down as well as up,”

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House prices soar by 9.9pc

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“The market has turned a little since the period the ONS is reflecting and buyers are now taking a breath.

“The upward pressure on prices has subsided as buyers have decided that they won’t pay just anything. We are seeing the market correct itself without the need for blunt instruments of intervention from the Bank of England.

“Potential buyers are also paying heed to the never-ending warnings from Mark Carney regarding interest rate rises. Even those clients of mine who are buying for cash and don’t need a mortgage are paying attention to the warnings, and taking their foot off the gas a little.”

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House prices continue march upwards – Land Regsitry

MortgageSolutions

“Although the Land Registry reports that prices continue to rise, the housing market is softening as sentiment changes. Estate agents are finding that buyers are increasingly unwilling to pay the crazy prices that some vendors are asking.

“Whether it’s down to affordability or buyers taking heed of concerns about a bubble, they are less willing to risk their money and pay over the odds. And with more property coming onto the market there is less desperation than there was a few months ago.”

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