UK house price increases nudge towards 10%

UK house prices increased by 9.1% in the year to February 2014, up from 6.8% in the year to January 2014 according to latest statistics from the Office for National Statistics (ONS).

House price annual inflation grew by 9.7% in England, 5.3% in Wales, 2.4% in Scotland and 2.8% in Northern Ireland. House price growth is increasing strongly across most parts of the UK, with prices in London again showing the highest growth. Continue reading

Easter open house selling set to beat property log-jam

As the traditional Easter home moving season gets under way leading independent agent haart will be selling in excess of 300 homes by the Open House system this holiday weekend.

Open houses are now part of the strategy when it comes to selling houses in this market of unprecedented buyer demand and acute stock shortage. Continue reading

Brighton the most unaffordable for first time buyers

Brighton is the least affordable town in the UK for first time buyers, whereas Belfast & Hull are amongst the most affordable, according to new analysis by job and property search engine Adzuna.co.uk.

The research shows that almost 80% of homes in Belfast are within financial reach for first-time buyers on average local incomes. Oxford, Chelmsford, Cambridge and London all ranked amongst the most unaffordable places to get a foot on the property ladder, as wages stagnate and property prices soar across Britain. Continue reading

Scottish house sales at the highest level since 2008

An increase in the first three months of 2014, across Edinburgh, the Lothians and Fife means that property sales in the area were at their highest level for the first quarter since 2008.

Figures released by ESPC show that demand in the property market in East Central Scotland continued to heat up during the January to March 2014. Continue reading

New buy-to-let product opportune for landlords

A new buy-to-let finance product is turning heads in the lettings market and opening the eyes of landlords to exciting new possibilities.

The product is claimed to be so innovative that the UK’s largest independently owned letting specialist, Leaders, believes it could be a significant game-changer for many landlords, enabling them to dramatically boost their rental yields and expand their portfolios. Continue reading

Households facing serious rent arrears fall by a third

Tenants struggling with late rent have made significant progress in the last twelve months, according to the latest Tenant Arrears Tracker from LPA receivers Templeton LPA.

As of the first quarter of 2014, the number of tenants in severe arrears – those more than two months behind on their rent – stands at 68,000, down from 105,000 in the same period last year. Continue reading

Low stock and rising demand push Scottish prices higher

A lack of supply of prime properties in Scotland is boosting competition between buyers, and has contributed to a 1.1% rise in prime house prices during the first quarter of 2014.

On an annual basis in the year to March 2014, prices rose by 2.8%. This is the largest annual gain in prices in six years according to Knight Frank. Continue reading