The UK’s snap general election has chilled the housing market, according to a survey of estate agents and surveyors. House sales fell in May for the second month running, according to a monthly survey by the Royal Institute for Chartered Surveyors, and 8 per cent more respondents reported falling rather than rising sales. Many of the […]
Aspiring home owners are having to scrape together a larger deposit than ever, following an almost 10 per cent rise in the average price of a first home over the past year – the biggest ever annual rise. The figures come from the Rightmove housing price index, which also found that the average house price is set […]
House buyers borrowed more money in June than in any month since the financial crisis, as the pre-election lull in the market was swept aside by buyers surging back to the market. Home purchase loans came to a total of £20.5bn in June, according to the Council of Mortgage Lenders – the highest level seen […]
London, United Kingdom – Rocketing housing costs in Britain’s capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city’s historic network of rivers and canals. The picturesque lifestyle of sleeping in a colourfully painted narrowboat or barge can seem tempting, especially when buying one can […]
Over 500,000 homes now cost £1m or more and in 13 streets of London average house price is in excess of £10m The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed. There are now 13 […]
Young professionals and their parents fear they will rent forever 82pc of renters in London, or those who live with their parents, worry they will not be able to buy their own home. Photo: Alamy Many young workers, couples and families have given up on the dream of home ownership and are resigned to renting for […]
Property values around some Crossrail stations have surged since the east-west London line got the green light in 2008, with the fastest-rising jumping 82%, according to a new report. Along the length of the entire line from Maidenhead to Shenfield prices within a short walk of stations have risen only 5% more than the local […]
Asking prices for homes coming on to the market in England and Wales rose by 1% in the month to mid-March and the average has almost recovered to the all-time high reach last summer, according to the latest figures from property listings website Rightmove. The site said there had been a 3.2% increase in the […]
New analysis, which has measured the collective worth of all homes in England, Wales and Scotland and cut it by local authority, has revealed which areas have seen rocketing house prices over the past decade and which have been untouched by the 2006/2007 housing market boom and, latterly, the recovery. More than half of Great […]
Foxtons said it expected sales activity to “remain subdued” in the first half of 2015, as concerns about the global economy and the upcoming May general election hold people back from buying. The London-focussed estate agent said lettings increased by 1.7pc last year, but sales volumes were down by 3.7pc. That compares to a 27pc […]
