THE HOUSING market is finally slowing after years of rampant growth and many Britons will give hearty thanks for that. GETTY The housing market is slowing after years after rapid growth The assumption that homeowners automatically celebrate price rises has been blown apart by the crazy growth of recent years, which has made the majority […]
Annual growth in UK house prices accelerated for the first time in eight months in November, a lender’s figures show. The Halifax, part of Lloyds Banking Group, said property prices had risen by 6% compared with a year ago. That meant the cost of a typical home was £218,002, it said. The faster price growth […]
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 […]
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 […]
