Blogs

The property week in numbers: part exchange, asking prices, silent snooping neighbours

Alex Johnson

f0afc95780f03a82675a454df478a96cdeeed513 300x179 The property week in numbers: part exchange, asking prices, silent snooping neighboursOur weekly look at the world of property statistics which emerged over the last seven days.

The average cost of a claim for winter burglary was £1,746.00 per incident in 2012, up 14% compared to the average cost of a summer burglary claim (source: Halifax Home Insurance)

London buyer registrations are up by 50% annually as demand for property goes into overdrive – almost 12 new buyers for every new instruction (Sequence)

The number of new homes sold using part exchange has risen by 11% over the last year (Move with Us)

Seven out of ten properties sold for less than their asking price in September (National Association of Estate Agents)

17% of us haven’t spoken to our neighbours in over a month (Churchill Home Insurance)

26% of London households received housing benefit in 2012 (New Policy Institute)

Over the last 2 years, more than 780 military households have either bought or reserved a new home through FirstBuy and its successor Help to Buy (Communities and Local Government)

40 per cent of people admit to snooping on their neighbours (Direct Blinds)

Prices per square foot in W14, W11, W10, W8 and W2 are on average 33% higher than in the previous peak in 2007 (Crayson)

The flow of new property stock across England and Wales is down 18% on this time last year (home.co.uk)

In the 7 days since the launch of Help to Buy, My Online Estate Agent recorded a 28% increase in the number of viewings arranged for properties for sale across the UK compared to the seven days preceding the launch. (My Online Estate Agent)

One in 14 households expect the value of their home to decline over next 12 months (Knight Frank)

Mortgage lending figures up nearly a third
Gross mortgage lending in September was an estimated £16.2 billion, according to the Council of Mortgage Lenders, very similar to August’s figure but 41% higher than September last year – lending between July and September was £49.3 billion, a 32% increase on the same period ast year and the highest level since 2008.

CML chief economist Bob Pannell said: “With the Help to Buy mortgage guarantee scheme becoming fully operational in January and firms implementing the mortgage market review in April 2014, it may be several months into 2014 before we get a true gauge of the scale and reach of Help to Buy. For now, the scheme has launched against an already recovering UK housing market with several months of improving credit availability, growing competition, and strengthening demand.”

Richard Sexton, director of e.surv chartered surveyors, said: “There has been a quantum leap in mortgage lending in the space of less than twelve months. But it’s not an entirely rosy picture. The recovery has come on the coattails of a booming London market. Elsewhere, the recovery has been much more muted. House price rises and mortgage lending in the North have been modest – in many regions the recovery has barely even begun and is fragile. Inflation is gnawing away at people’s personal finances, and wages are falling in real terms, which makes building a deposit a painstaking task.”

Pictured is a two bedroom 1920s Dutch motor barge on Surrey Quays’ largest marina, Greenland Dock. Price includes residential mooring license for the South Dock Marina complex. On with Oliver Jaques for £165,000

Tagged in: , , , ,

Property search
Browse by area

Latest from Independent journalists on Twitter