An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates […]
Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly. Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML). This, and economic indicators, signalled a “limited” increase in activity in the coming […]
Most second steppers in the UK housing market are no longer trapped in negative equity as their position is boosted by rising house prices and an influx of first time buyers, new research has found. This is despite the fact that many face a £128,000 price gap to jump up the housing latter, according to […]
London is the most popular of the top 10 luxury real estate markets in the world according to Christie’s International Real Estate report. According to Christie’s International Real Estate: “The world’s top cities experienced an explosion in luxury home sales during 2013, fueled by pent-up demand, increasing consumer confidence and robust stock market returns. In […]
UK housing market activity has “remained subdued”, the Nationwide says, as annual house price growth slowed for the seventh month in a row. Annual price growth fell to 5.1% in March, down from 5.7% the month before. House prices edged up 0.1% in March itself, the building society said, taking the average price to £189,454. […]
The outlook for the UK housing market in 2015 is positive, despite some challenges, with signs of a strong recovery in the regions, according to the latest quarterly analysis report. National estate agent Strutt & Parker is forecasting UK house price growth of 5% in 2015 overall and 9% in the Greater London area. But […]
