Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

Chancellor George Osborne delivers his last budget before the General Election

Read more...

Tax planning for 5 April 2015

Read more...

British territories sign deal on tax information

Read more...

690 tax criminals convicted in 2013

Read more...

Corporation tax cut makes up for other business gripes 27/03/12

Read more...

Contact Us

News Items

Tax Tips

Brilliant with numbers
Great with people
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals


Helping Your Business is Our Business


Call us now on 023 8083 6900 ABDS Home

News - 6 May 2014

Annual house price growth hits double digits

The Nationwide House Price Index charts a 1.2% increase month-on-month and a 10.9% rise over the past 12 months - with the top end of the market in London and the South East leading the charge. This is the biggest annual rise since 2007 recorded in April.

The performance took the average cost of a home in the UK to £183,577.

The Land Registry - which records actual sales - said prices fell by 0.4% in March.
But the Nationwide believes prices have now resumed their upward trend.

The nationwide monthly report was released as a study by the housing charity Shelter warned that prices could quadruple in 20 years if more is not done to tackle the housing shortage, which is seeing 100,000 fewer homes than are needed being built each year.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“High demand but poor supply of properties for sale has been a major factor behind the recovery in the housing market in the wake of the financial crisis - with schemes to help people secure a mortgage, such as Help to Buy, stoking the interest.”

Robert Gardner, Nationwide's Chief Economist, said:
"Underlying demand is likely to remain robust, as mortgage rates remain close to all-time lows and as consumer confidence improves further on the back of stronger labour market conditions and the brighter economic outlook.”

TK continues:
“The upturn in construction of new homes continues to lag far behind the upturn in demand, with the number of new homes being built in England still around 40% below pre-crisis levels.”

Once again, the figures hide a sharp contrast between London and the rest of the UK.
Prices in the capital are now about 20% higher than they were before the financial crisis of 2007-08, said the Nationwide.

But prices in the rest of the country are still around 2% lower than their pre-crisis peak.

If you need any help and advice on the implications of Property Ownership, Letting and Taxation, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals


Helping Your Business is Our Business
 

« Back to News