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 […]
What does this chart show? That house prices are still rising, though not as fast as they were. Average house prices in the UK rose 8.3 per cent in the year to July, slipping back from the 9.7 per cent annual figure registered in the year to June. London price growth stayed high at 12.3 […]
Brexit is having an uneven impact on the U.K. housing market, with pro-Remain areas such as London taking the brunt of falling confidence, according to estate-agency chain Haart. Using data on registrations, sales and listing across 20 local branches, it found that regions that supported Britain exiting the European Union have seen more buoyant property-market […]
London property rents fell for the first time in six years in July, a major U.K. estate agency said on Monday, with landlords opting to rent out rather than sell houses in the wake of the U.K.’s vote to leave the European Union (EU). Rents in the capital city fell by 0.5 percent over the […]
British parents and grandparents are giving their offspring £5bn a year to help them get a foot on the property ladder, making them the equivalent of the 10th biggest mortgage lender in the country. Borrowing from family and friends to help fund deposits will help younger homebuyers complete on some 300,000 transactions this year, equivalent […]
The rush to buy second homes before the April 1 stamp duty deadline triggered a 24pc spike in the sale of prime country houses in the first three months of the year. Estate agency Knight Frank, which carried out the research, said that this activity was concentrated in houses worth less than £1m, which […]
UK house prices are rising but uncertainty ahead of the EU referendum could slow the market, according to the Halifax. Property prices increased by 10.1% in the year to March compared with a year earlier, the lender found, making the average home worth £214,811. This annual growth accelerated from 9.7% seen in the previous two […]
House price growth has hit a 17 month-high, as the supply of new properties being put up for sale tightens. UK house prices rose 9.7pc in the year to January, up from 9.5pc a month earlier, according to the Halifax. This is the biggest jump since in July 2014, when prices rose by more than […]
Property website Rightmove says ‘property rich’ will gain most as sellers in priciest areas see biggest rises as first-time buyer properties fall. Asking prices for homes coming on to the market in England and Wales rose to a new record high in September, as sellers in the priciest areas tried to cash in on demand […]
The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years. 1. United States The U.S. housing market has enjoyed three […]
