British properties are ‘expensive, cramped and ageing’ compared with other similar economies, says Resolution Foundation Mon 25 Mar 2024 01.01 CET The UK’s “expensive, cramped and ageing” housing stock fares poorly compared with other advanced countries, analysis by a thinktank suggests. Households are paying more than other countries – but getting less in return, the Resolution Foundation said. […]
By Kevin Peachey Cost of living correspondent Signs of life were seen in the UK housing market in the new year with a rise in the number of mortgages being approved. Activity remains weak overall, with potential buyers still nervous about high interest rates. But the latest Bank of England data shows approvals for house […]
London property prices are set to fall next year as uncertainty about Britain’s exit from the European Union damps the U.K. housing market, according to the Centre for Economics and Business Research. London, and especially the priciest areas of the capital’s housing market, will be most affected, with prices dropping 5.6 percent in 2017, according […]
The U.K. housing market is being pulled in different directions as buyers try to beat a looming tax increase and uncertainty over the country’s referendum on European Union membership weighs on sentiment. Nationally, house prices rose 0.8 percent in February, according to LSL and Acadata, with demand from landlords and second-home buyers helping to boost […]
The housing market faces a tougher summer after the stampede of investors looking to beat the Chancellor’s April stamp duty hike on buy to let homes fades away, Nationwide has predicted. The lender, whose index saw house price growth unchanged at 0.3% last month, noted the surge in mortgage approvals to almost 75,000 in January […]
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. […]
House prices in the UK edged up by 0.4% in July, rising to a new high of £195,621, figures from Nationwide show. The society also estimated that homebuyers paid a combined £275m less in tax in the first six months of the year as a result of changes to stamp duty in December. After a […]
The average property on the market this month has a price tag of £294,351, Rightmove has reported. The new high is £8,218 more than a previous record set in April, and a surprise fall in the supply of homes coming on the market in recent weeks has added to the upward pressure on prices, the […]
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 […]
UK house prices accelerated with a 9.6% increase in the year to the end of March, according to official figures. A lack of homes on the market is thought to be behind the rise at a time when activity was expected to have been curtailed by the election campaign. The annual rate of increase accelerated […]
