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House prices rose just 0.6% in past year, index shows

The average house price has risen by only 0.6% over the last year, reveals the latest LSL and Acada-metrics House Price Index.

Prices in January are also down 0.1% compared to December, taking the average house price to £221,211.

David Brown, commercial direc-tor of LSL Property Services, says: “Concerns over the direction of the economy, and the ongoing difficul-ties in obtaining mortgage finance continue to take their toll on house prices. However, the good news is that downwards pressure eased in January.”

He says we should see a bubble of increased activity in the next couple of months as properties worth more than £1m are bought before April’s 1% hike in Stamp Duty.




Hopefully last year’s gross lending levels will be maintained in 2011 while rising swaps are pushing up fixed rates including NatWest’s and Scottish Widows has increased the LTV for professional mortgages


Signs of competition making a comeback

The specialist lending arena has seen a dearth of competition recently, more through the well documented external economic pressures rather than lenders taking their foot off the gas. But there are some signs of competition returning and we have been buoyed by the response from the intermediary market to our recent product enhancements. Increased competition […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]


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