Figures from Rightmove show inquiries to estate agents since 1 August up 19% compared with a year ago The first Bank of England rate cut in four years has triggered an immediate upturn in the UK property market, as cheaper mortgages prompt interest among buyers and drive up house prices. Figures from the property website Rightmove show the number […]
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. […]
Big commercial property groups seem to be getting cagey about prospects for the UK property market. Some of that’s overblown worry due to Brexit. But there are also some more substantive concerns that are definitely worth paying attention to. Meanwhile, even as the professionals get jittery, local councils are piling into the property market like […]
Uncertainty over the EU referendum has driven the biggest fall in the number of people trying to buy a property since the financial crisis and deterred sellers from putting their homes on the market, according to the latest report from surveyors. The fall in buyer inquiries is expected to lead to a drop in […]
We are in a unique housing market: never before has the acceleration of house prices at the top of the scale left so many so far behind. Prices in Hackney, east London, for example, have increased by a staggering 939 per cent between 1995 and 2015. Compare that to Blackpool, where that number is 100 per cent. […]
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 […]
Prices in the capital rose almost 10pc in year to September, boosting the average house price across England and Wales London house prices continue to outpace those in the rest of the UK, with the average property hitting £500,000. Prices rose 9.6pc in the year to September, meaning the average London property now costs £499,997, […]
The ‘rise of the suburbs’ has seen house prices shoot up almost 20 per cent in the outer London boroughs of Barking, Brent and Dagenham in the last three months. Prices in the Essex borough of Barking and Dagenham were up 19 per cent in the last three months compared to the same period last […]
Households in the UK perceived that the value of their home rose in June and are more confident that they will continue on an upward trend, the latest house price sentiment index shows. Some 23.7% of the 1,500 households surveyed across the UK said that the value of their home had risen over the last […]
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 […]
