Despite working, 48% of 20 to 34 year olds who live with their parents do so because they can’t afford to rent or buy their own home.
New research from Shelter found that a lack of affordable housing was the single biggest reason that so many young adults are unable to fly the nest. Currently a quarter of all 20 to 34 year old working adults in England – 1.97 million people – are living with their parents. Continue reading
Confidence in the housing market is split: the public have never been more optimistic about house sales, but conversely the outlook for the purchase market is at its lowest level since 2011, according to the latest quarterly Halifax Housing Market Confidence tracker.
The Confidence Tracker indicates that of those surveyed, 57% feel it will be a good time to sell in the next 12 months, exceeding those who think it will be a bad time (32%). Continue reading
To celebrate the second anniversary of London 2012 Olympic Games opening ceremony, the latest research from Lloyds Bank looks at house price performance in areas close to the Olympic Park since the Games were awarded to the capital in July 2005.
Homeowners in the 14 postal districts in East London closest to the Olympic Park have seen the average value of their property rise from £206,191 in July 2005 to £334,1232 in March 2014. Continue reading
June 2014 House Price Figures from Halifax Building Society indicated a monthly fall of 0.6%.
Although, the annual price increase on their indices was tracked at £16,000 with average house prices up from £167,668 to £183,462. Continue reading
A new in-depth study into the state of British high streets has revealed how town centres are adapting to meet the changing demands of the nation’s consumers.
Researchers at the University of Southampton have revealed how ‘fundamental’ changes to Britain’s ‘convenience culture’ are transforming the way we shop and bringing new business into town. Continue reading
Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months to June 2014 according to the latest data from the Office for National Statistics.
Private rental prices grew by 1.0% in England, 1.1% in Scotland and 0.2% in Wales in the 12 months to June 2014. Continue reading
House price growth returns to a steadier, healthier rate as market stabilises, according to estate agent Marsh & Parsons’ latest London Property Monitor.
Quarterly house price growth slowed to 3.1% across Prime London, down from 4.3% in the first three months of the year. Continue reading
The UK, excluding London, saw buyer registrations rise 21% annually, while new property instructions are up by just 2% according to a new report from Sequence.
Property prices across the country remained buoyant – up 1% on last month and 8% annually to £175,728. Continue reading
More homes must be built in London and greater diversity in the construction market could give the industry a much needed boost to meet the growing needs of the capital.
The London Assembly Housing Committee has written to the Mayor urging him to use public sector land to support house building in London by helping new and small developers enter the house building market. Continue reading
With the hottest summer on record underway, outside space is one of the key requirements for buyers in the Capital with 65% of property searches now requesting outside space.
The current shortage has created fierce competition and there is now a 5-10% premium on these properties, says leading independent London agent Greene & Co. Continue reading