The average price of a UK property is up 1.2% in October after a dip in September with annual growth strong at 6.8% according to a new report from estate agent haart.
The capital saw annual house price growth of 18% in October with prices up slightly on month (0.3%). Continue reading
The Council of Mortgage Lenders estimates that gross mortgage lending reached £19 billion in October.
This is 5% higher than September (£18 billion), and 8% higher than October last year (£17.5 billion). This is the highest lending total for an October since 2007 (£33 billion). Continue reading
Homeowners with mortgages pay £316 more on average per month compared to those renting equivalent properties, according to property website Zoopla.
The average monthly rental across the UK currently stands at £865 per month versus an average monthly mortgage repayment of £1,181. Continue reading
Latest figures released by ESPC reveal that across Edinburgh, the Lothians and Fife, housing market activity has reached its highest level since 2007.
Between August and October the leading property marketing company in East Central Scotland observed a 13% rise in the number of homes sold. Seller activity also improved with the number of homes coming onto the market increasing by just over 10% annually. Continue reading
The Government has launched a new service which enables landlords to start the process of evicting tenants using the Section 21 accelerated possession procedure by filling out an online form.
This was an idea which was first put forward by leading tenant eviction firm Landlord Action, as part of its role on a Government Think Tank to help speed up evictions. It is the first step towards making the service completely digital in the future. Continue reading
House price momentum in the UK continued to slow and new buyer demand tailed off in October, according to the latest RICS Residential Market Survey.
Nationally, new buyer demand slipped for the fourth consecutive month with London bearing the brunt of the decline, as 62% more surveyors reported a fall in new buyer demand across the capital. Meanwhile across the rest of the UK dipped to a net balance of -18%. Continue reading
Tenants in the UK have still to be convinced by the housing policies of the UK’s political parties, according to the latest research from the leading landlord association.
With just six months to go before next year’s General Election, six in ten (62pc) tenants say they are unsure whether any of the political parties will be able to tackle the UK’s housing crisis. Continue reading
90,000 children in Britain – the equivalent of three in every school – will spend this Christmas homeless, government figures show.
With their helpline already stretched to breaking point, Shelter are launching an emergency appeal in response. Continue reading
As the country’s housing shortage grows, the majority of British people would support more council and housing association homes being built in their local area, new research reveals.
Currently only half the number of homes needed to keep up with demand are being built every year and there is already a backlog of undersupply. As the shortage of affordable homes grows, the new research suggests that there is public support for building the homes that are needed. Continue reading
The numbers of new homes in England has risen by 10% over the past year – the highest percentage increase in 12 years, new figures today show (13 November 2014).
Housing Minister Brandon Lewis welcomed the news, which means the government has now delivered over half a million additional new homes since 2010. Continue reading