[LONDON] UK house-price growth has slowed to the weakest pace in five years, while London values are falling, according to Nationwide Building Society. The lender said the “subdued economic activity” and squeezed household budgets are keeping a lid on demand, and the national market is unlikely to see any change to the recent trend in […]
We are in a unique housing market: never before has the acceleration of house prices at the top of the scale left so many so far behind. Prices in Hackney, east London, for example, have increased by a staggering 939 per cent between 1995 and 2015. Compare that to Blackpool, where that number is 100 per cent. […]
Latest figures show mortgage lending was up 23% compared with December 2014, with demand for property higher than expected in runup to Christmas. Mortgage lending fell in December, but was 23% higher than a year earlier, capping a busy six months in the housing market. Figures from the Council of Mortgage Lending (CML) show the […]
Rising house prices and increasing consumer confidence had driven mortgage lending to a seven-year high, causing a new dilemma for policymakers. Banks handed out more money through loans and overdrafts in October than they had in almost a decade, The Times reports. The governor of the Bank of England Mark Carney recently sounded a warning […]
House prices rose by 6.1% in the year to September 2015, according to the Office for National Statistics (ONS), with the average house price in the UK now £286,000. The ONS figures show that prices rose fastest in the east of England (8.4%) and the south-east (7.4%). However, the increase is still lower than the […]
rises The scale of London’s property bubble is laid bare in a report that reveals how the capital has dramatically outstripped New York and every other major city in the world on prices and sales over the past five years. In 2009, there were 2,147 sales of luxury houses and apartments in London in the […]
House prices in England and Wales rose by 0.5% in August to reach an average of £184,682, according to the latest figures from the Land Registry. Despite the month-on-month increase, the annual rate of growth slowed to 4.2% – its lowest level since November 2013. This was just under half the recent peak of 8.5% […]
The UK’s housing market is accelerating once again amid strong demand and a lack of supply, according to reports. The Royal Institution of Chartered Surveyors has doubled its forecast for price rises this year from 3 per cent to 6 per cent, and says average stock levels on its members’ books stand at 30-year […]
Almost four in five Europeans (79%) thinks it is increasingly difficult to enter the housing market as a first-time buyer, a survey by ING showed. Luxembourg tops the list, with 94% of people saying first-time buyers face growing challenges, while the UK comes in second, with 89% expressing concerns. Ian Bright, senior economist at ING, […]
The ‘rise of the suburbs’ has seen house prices shoot up almost 20 per cent in the outer London boroughs of Barking, Brent and Dagenham in the last three months. Prices in the Essex borough of Barking and Dagenham were up 19 per cent in the last three months compared to the same period last […]
