The housing market ended 2015 with a bang as property prices rose at the fastest pace since January last year, official figures show. The biggest rises were recorded in commuting towns within reach of London as homebuyers increasingly search for more affordable housing outside the capital, according to the latest figures by the Land of Registry. […]
British house prices grew in July at their slowest annual pace since the end of last year but the market is being supported by rising wages and a lack of homes to buy, mortgage lender Halifax said on Thursday. Halifax said the year-on-year rate of growth in the three months to July slowed to 7.9 […]
Households in the UK perceived that the value of their home rose in June and are more confident that they will continue on an upward trend, the latest house price sentiment index shows. Some 23.7% of the 1,500 households surveyed across the UK said that the value of their home had risen over the last […]
An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates […]
Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly. Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML). This, and economic indicators, signalled a “limited” increase in activity in the coming […]
Most second steppers in the UK housing market are no longer trapped in negative equity as their position is boosted by rising house prices and an influx of first time buyers, new research has found. This is despite the fact that many face a £128,000 price gap to jump up the housing latter, according to […]
London is the most popular of the top 10 luxury real estate markets in the world according to Christie’s International Real Estate report. According to Christie’s International Real Estate: “The world’s top cities experienced an explosion in luxury home sales during 2013, fueled by pent-up demand, increasing consumer confidence and robust stock market returns. In […]
Real estate in the U.K. is reaching boiling point. “There are still opportunities in commercial real estate, but it is incredibly hot out there,” Mat Oakley, head of commercial research at Savills, said on Tuesday to a suited group of industry participants in central London. U.K. property markets are booming amid a rush of foreign […]
Nearly four out of 10 homes were sold without the need for a mortgage in the first quarter of the year – a record high, the Nationwide has said. The building society – the UK’s second biggest mortgage lender – said that 38% of properties were sold to cash buyers.It said that low interest rates […]
House prices in the first quarter of 2015 were 2.6pc higher than the final three months of last year, as consumer confidence grows and interest rate rises still seem a far off reality. The Halifax’s house price index, released this morning, gave an early indication that the stagnant housing market, which slowed to a standstill […]
