2009 Property Prices: Rise of £4 a day.

Lack of houses keeps prices high

2008 was undoubtedly a torrid year for homeowners. But, property prices have stabilised this year, rising gradually since April after a fairly weak first quarter.

We are still a long way from the values seen before the recession took hold, but the housing market has not worsened in 2009 as some had feared and recovery signs are starting to appear.

As 2009 draws to a close, British homeowners can let out a little Christmas cheer compared to this time last year as home values across the nation have risen by £39.1 billion in 2009. Whilst the increase is modest, it is a massive improvement over 2008 when British property values fell £811.3 billion, according to our research.

However, with the total value of the British residential housing stock now standing at £5.3 trillion, up marginally on one year ago, it still remains over three quarters of a trillion pounds below its peak of £6.1 trillion in late 2007. The average home in Britain is now worth £205,591, up £1,517 (0.7%) from one year ago, a daily gain of £4 for the average property. This is in stark contrast to 2008 when property values fell by £31,355 (13.3%) on average, equivalent to a daily loss of £86 per home.

 

Property prices in England have climbed 0.9% over the past 12 months, having fallen 13.9% in 2008. Scottish values have also risen in 2009 by 0.6% to an average of £156,905 up from £155,597 at the end of last year. However, the property market in Wales is yet to rebound and has seen average values drop a further 2.5% (£3,866) in 2009 on top of the 13.2% decline in 2008.

Property value changes in 2009

Country Value change % Value change £ Avg. value today
England 0.9% £1,902 £214,451
Scotland 0.6% £948 £156,905
Wales -2.5% -£3,866 £148,659

Source: Zoopla.co.uk

Homeowners in Gloucestershire have had the biggest cause for celebration in 2009 as average property values have risen 3.8% over the past year to a current average home value of £229,945. At the other end of the scale, there is far less to cheer about in Merthyr Tydfil where the property values suffered the largest loss in 2009, falling 6.2% to a current average value of £94,132.

Find out the value of your home on Zoopla.co.uk

Property value changes by type in 2009

Property Type Value change % Value change £ Avg. value today
Detached 1.9% £5,972 £306,727
Semi 3.6% £6,342 £182,840
Terrace -1.1% -£1,561 £160,821
Flats -0.1% -£461 £188,671

Source: Zoopla.co.uk

Best performing towns in 2009

Town Value change %
in 2009
Value change £
in 2009
Avg. home value
(Dec 09)
Downham Market, Norfolk 8.1% £12,380 £164,535
Widnes, Cheshire 7.9% £11,013 £150,258
Maidstone, Kent 7.1% £15,265 £229,130
Barrow-in-Furness,
Cumbria
6.5% £6,855 £112,086
Salisbury, Wiltshire 6.0% £14,985 £264,402

Source: Zoopla.co.uk

Worst performing towns in 2009

Town Value change %
in 2009
Value change £
in 2009
Avg. home value
(Dec 09)
Liversedge, West Yorkshire -12.9% -£20,206 £136,172
Sandbach, Cheshire -12.8% -£27,057 £184,706
Leatherhead, Surrey -10.9% -£59,055 £482,472
Halstead, Essex -10.7% -£23,431 £196,412
Welshpool, Powys -10.6% -£19,642 £165,682

Source: Zoopla.co.uk

December 16, 2009 at 11:48 AM Leave a comment

2010’s Best Value: Holiday Homes

… or more specifically, PANTONE 15-5519 Turquoise.

In their own words this is:

“ … an inviting, luminous hue … Combining the serene qualities of blue and the invigorating aspects of green, Turquoise evokes thoughts of soothing, tropical waters and a languorous, effective escape from the everyday troubles of the world, while at the same time restoring our sense of well-being.”

Indeed it does, especially if you own a property like one of these seaside beauties:

From £105,000, Las Canas Beach Resort, Sosua, Dominican Republic, Edgars Property Company, Tel: 0843 2823 628

From £105,000, Las Canas Beach Resort, Sosua, Dominican Republic, Edgars Property Company, Tel: 0843 2823 628

E129,950, one-bed apartment, Sal Island, Cape Verde, Casas da Nazaré, Tel: +351 96 478 18 40

E129,950, one-bed apartment, Sal Island, Cape Verde, Casas da Nazaré, Tel: +351 96 478 18 40

turq5

£180,000, three-bed detached house,Bodrum, Turkey, Place Overseas, Tel: 020 8371 0059

 £260,000, 2-bed apartment, Phuket, Thailand, Select Overseas, Tel: 0845 890 3131

£260,000, two-bed apartment, Phuket, Thailand, Select Overseas, Tel: 0845 890 3131

December 15, 2009 at 4:54 PM 2 comments

Website of the Year: Zoopla (2009)

Website of the Year, 2009 logo

Thanks to you, we’ve been crowned Best Real Estate Website of the Year at the Website of the Year awards – Britain’s most important people’s choice award for websites.

The full list of category winners can be seen here.

This year, 259 websites were nominated over 18 categories. More than 800,000 votes were cast between November 3 and December 8 and other winners include: Boots, Abbey, BBC and Google.

So, a BIG THANK YOU to all who voted for us.

Here’s a little more about the awards:

The Website of the Year awards are the largest annual ‘people’s choice website awards and are organized by MetrixLab since 2004, the global Online Market Research company that specialises in the areas of New Product Development, Brand Communication, E-Business Performance and Satisfaction Research.

December 14, 2009 at 11:20 AM 1 comment

Houses with Bell Towers: Exterior Decoration Inspiration

I didn’t think the MPs’ expenses scandal could get any better (or worse) than Douglas Hogg’s moat and Sir Peter Viggers’ ornamental duck house.

But the latest noses-in-the-trough revelation – a £20,700 claim by Quentin Davies for repairs to the bell tower on his stately home – makes Hogg and Viggers look like dabbling amateurs.

Houses with bell towers, you might think, are a fairly rare phenomenon, but a quick trawl of FindaPropetry.com has turned up some fine examples.

So here, in case you’re thinking of standing for parliament next year, are some properties with this delightful, if high-maintenance, feature.

Just be sure you have a full survey before you buy, because if problems do arise you may, in future, find it difficult to get the tax payer to foot the bill.

(Click on pics for more images and full property details)
btower3

2-bed house with bell tower, £325,000, Calcutt Maclean Wood, Ashford (Tel: 0843 2819 580)

 4-bed house with clock & bell tower, £550,000, Strutt & Parker, Shrewsbury (Tel: 0843 2823 336)

4-bed house with clock & bell tower, £550,000, Strutt & Parker, Shrewsbury (Tel: 0843 2823 336)

5-bed house with old bell tower, £375,000, Smiths Gore, Carlisle (Tel: 0843 3632 406)

5-bed house with old bell tower, £375,000, Smiths Gore, Carlisle (Tel: 0843 3632 406)

4-bed house with bell tower, £340,000, Reeds Rains, Crook (Tel: 0843 2819 650)

4-bed house with bell tower, £340,000, Reeds Rains, Crook (Tel: 0843 2819 650)

December 11, 2009 at 1:21 PM Leave a comment

Five To View: Inglenook Fireplaces

We’re starting to feel the festive vibe here at Winging It, with visions of mulled wine, mince pies and Christmas presents popping into our heads on a regular basis.

So, with thoughts of cosy nights spent roasting chestnuts by an open fire occupying our dreams – if not quite our realities – there was one red hot option for this week’s Five To View: homes featuring Inglenook fireplaces.  We like.

Here are five gorgeous fireplaces that we’d love to snuggle up in front of:

(Click on pics for more images and full property details)

1. Cowden, Kent

£1,650,000

inglenook-cowden

2. Honiton, Devon

£1,150,000

inglenook-honiton

3. Camber, East Sussex

£350,000

inglenook-camber

4. Bradford on Avon, Wiltshire

£330,000

inglenook-bradford-merge

5. Bury, Somerset

£235,000

inglenook-bury

December 11, 2009 at 1:10 PM Leave a comment

Older Posts Newer Posts


Zoopla Mobile & Tablet Apps

Grab the App

Zoopla.co.uk

Search over 1 million properties for sale or to rent on our site from more than 18,000 agents and developers, including all of the UK's leading names.

Posts delivered hot and fresh to your inbox. Signup for free to subscribe, (No spam... ever) and join over 16,000 others.

Enter your email address below:

Recent Posts

Follow Zoopla

Archives

About the Zoopla blog

The Zoopla property blog is maintained and edited by the Web Content Editor @ Zoopla Property Group Ltd Myra Butterworth.

Follow

Get every new post delivered to your Inbox.

Join 533 other followers

%d bloggers like this: