For the the first time in two months house prices grew on a monthly basis and average prices reached £211,671 in July 2017. Reversing previous falls House prices were up 0.3% on a monthly basis according to the latest Nationwide House Price Index. This reverses the previous falls of 0.2% in May and 0.1% in […]
UK Finance estimates that gross mortgage lending reached £20.3 billion in May and rose 9% higher in June to £22.1 billion. New trade association Formed on 1 July 2017, UK Finance is a new trade association and represents the finance and banking industry operating in the UK. Representing over 300 firms in the UK providing […]
The rise in house prices regains momentum says Nationwide. After falls for the previous three months, prices rose 1.1% month-on-month in June. Smallest gap on record Nationwide House Price Index for June records growth in annual house prices to 3.1%. The reduction in the gap in house price growth between the strongest and weakest performing […]
The number of house hunters registered per branch fell to 381 in April and the numbers of available housing also dropped, as sellers delayed marketing homes amid General Election uncertainty. Snap General Election In March there were 397 house-hunters registered per estate agent branch, down from 425 in January and February, but this figure dropped […]
According to latest forecasts by the Centre for Economics and Business Research, average house prices in the UK are set to rise to £220,000 in 2017. This registers as at a rate of 4.4% price growth, which sounds impressive until you compare it to the rate of 7.4% seen in 2016. Taking off again in […]
The Council of Mortgage Lenders, whose members are banks, building societies and other lenders, collectively undertaking up to 97% of all UK residential mortgage lending, estimates that gross mortgage lending in February reached £18.2 billion. £1.3 trillion This may sound impressive, yet it’s still 8% lower than January’s lending total of £19.8 billion. Although, it’s […]
A massive surge in house hunters results in 11 buyers for each property Direct impact This January the number of properties available to buy was the lowest since July 2016. Increasing the number of buyers for each property has a direct impact on the number of properties that sell for more than the original asking […]
Over the past 20 years the gap in average house prices between London and England and Wales has significantly widened. The most expensive boroughs Westminster and Kensington & Chelsea remain the most expensive boroughs. The capital’s more affordable boroughs also record strong growth with London house prices now nearly 12 times average earnings.The steepest growth […]
Councils approve playgrounds whilst builders are prevented from getting onto sites Increase in housing supply The Home Builder Federation (HBF) and construction data provider, Glenigan, have released their latest Housing Pipeline report and they claim it demonstrates the house building industry’s commitment to continuing the increase in housing supply. The highest since the survey began […]
Following the announcement that Housing Minister Gavin Barwell MP has given the green light for the construction of thousands of new Starter Homes, Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) shares his thoughts. “Today’s announcement may feel like a welcome start to the New Year but as always we need to […]
