Bank of England says approvals in August were at lowest level since November 2014, but unsecured borrowing continues to rise. The number of mortgages being approved fell in August, figures show, in the latest sign that the housing market has cooled since the Brexit vote. The Bank of England said mortgage approvals, seen by economists […]
House prices have risen by 6.1 per cent in the past year – with the average cost of a home in London inching beyond the half-million mark to £531,000. The increase recorded in the year to September marked an acceleration, after a rise of 5.5 per cent rise in the year to August, according to […]
This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. The US central bank and the Bank of England looked poised to affirm the recovery by finally starting to raise interest rates after keeping them for […]
First-time buyers are struggling to find a house as the gap between the supply and demand for two-bedroom properties widens, a new report found. The price of a typical first-time buyer home is leaping by £1,250 every single month, putting home ownership out of reach for many. The demand for smaller homes is further compounded […]
House sellers are refusing to slash their prices as they know that demand for properties is exceeding supply, research shows. New figures show it is once again a seller’s market, with discounts on properties slumping to a five-year low. The price of the average house advertised online last month had only been reduced by 6.05 […]
Over the past few years, the surge in house prices have been shocking Londoners from Shepherd’s Bush to Stratford. Many potential buyers have hoped that signs of a slowdown that emerged in the summer would continue, and so it has proved. But what is exactly a slowdown for a market that has been outperforming away […]
“While the top of the prime central London market may be undergoing a weaker period in the face of the election, London’s suburbs are still experiencing strong growth, fuelled in part by buy to let investors benefitting from a reduction in lenders stress testing…” Sales in London’s prime property market have continued to fall for […]
