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London house prices fall as UK property continues to cool

[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 […]

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UK housing market had strong December

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 […]

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UK house prices: mortgage lending soars

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 […]

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UK house prices up 6.1%, says ONS

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 […]

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UK housing market shows signs of reheating

  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 […]