For those looking to buy or sell a property, the news of a general election on July 4 may, at first glance, appear to throw their plans into disarray. Elections usually lead to some stalling in market activity as buyers and sellers put their plans on hold until they know what housing policies are going […]
An estate agent’s window in Stoke Newington, north London. Photograph: Linda Nylind/The Guardian UK house prices could crash by as much as a fifth if Boris Johnson pursues a no-deal Brexit, and the biggest falls would be in London and Northern Ireland, a leading accountancy firm has said. Analysis by accountancy firm suggests nationwide decline of […]
Investment into the UK property market123RF The expression ‘safe as houses’ is used to indicate an utterly secure, no-risk situation. In Victorian times, it is believed to have meant something slightly different, instead indicating a state of absolute certainty. Whichever way you look at it though, for more than two centuries, houses have been the […]
Impact of Bank of England’s decision to lift base rate for only second time in a decade Bank of England raises interest rates to 0.75% Larry Elliott: lack of dissenting voices came as a surprise Patrick Collinson Banks tend to push through rate rises on mortgages immediately but are much slower to raise savings rates. […]
London’s property market is now worth more than £1.5tn, an increase of 1.54pc in the past 12 months, according to fresh figures released on Thursday. Despite subdued house price growth in the capital over the past year, the market is more than twice as valuable as the combined worth of property assets in the next […]
Housing market activity and confidence are now lower than at any point since the referendum to leave the European Union, according to the Royal Institution of Chartered Surveyors. Its monthly residential market survey found that demand from new buyers and agreed sales had fallen again, partly due to a new caution over a potential interest rate rise and a slowing […]
Homebuilders soared in London trading after the U.K. government said it would extendthe Help to Buy program, under which the government lends buyers up to 40 percent of the cost of a new home. The Conservatives, under pressure to increase homebuilding, will set aside 10 billion pounds ($13.3 billion) to help people buy properties, stimulating the […]
The UK’s snap general election has chilled the housing market, according to a survey of estate agents and surveyors. House sales fell in May for the second month running, according to a monthly survey by the Royal Institute for Chartered Surveyors, and 8 per cent more respondents reported falling rather than rising sales. Many of the […]
Average house now costs £292,000 – and could hit £300,000 this year House prices in England and Wales climbed almost £18,000 last year, according to figures from estate agents Reeds Rain and Your Move. The increase of £17,963, or 6.6 per cent, was the “equivalent of £67.86 a day or £9.17 an hour earned by […]
House prices have risen by 6.1 per cent in the past year – with the average cost of a home in London inching beyond the half-million mark to £531,000. The increase recorded in the year to September marked an acceleration, after a rise of 5.5 per cent rise in the year to August, according to […]
