Young people remain pessimistic about their chances of getting on the property ladder, with only a third prepared to save for a deposit for more than three years before abandoning their plans, according to the third annual Generation Rent report from Halifax.
With the average deposit paid by first-time buyers in the first quarter of the year at £26,956, the latest report reveals the on-going struggle to take the first step onto the property ladder. Continue reading
The national average asking price of a property coming to market is over a quarter of a million pounds for the first time.
The new record was achieved as prices rose 1.2% (+£2,957) in June, the sixth consecutive monthly rise this year. Continue reading
Although buying a property remains 13% more cost-effective than renting, the gap is narrowing as house prices are on the rise again, according to the latest research by property search website Zoopla.co.uk.
One year ago, renting in the UK was £993 per year on average more expensive than servicing a mortgage, but this gap has now come down by 3.2% to £961 today. Continue reading
The average price of a property sold in Edinburgh between March and May stood at £206,858. This represents an annual decrease of 5.3% from the level of £218,369 during the same period in 2012.
Across the Lothians, average house prices were also lower than those recorded a year ago. Continue reading
Realistic pricing is key in the prime Central London property market, particularly in the family house sales market according to W A Ellis.
International interest in London continues in spite of rising stamp duty costs as the capital remains a safe place to invest. Continue reading
One in six (16%) second steppers in Scotland are contemplating turning to the bank of mum and dad to plug the gap between the value of their first home and the cost of the house they would ideally move to, according to the latest research from Bank of Scotland.
The majority of Scotland’s second steppers will be hoping to use savings (65%) or equity in their current property (73%) to fund the move to their second property. Continue reading
Home insurance brand esure has warned people to be more vigilant with their personal belongings after new research found that the average bunch of keys unlocks an estimated fortune of over £28,000 and two fifths of Brits (43%) have lost their keys in the past month alone.
According to the findings, almost one in five Brits (18%) misplace their house or car keys at least once a day and despite recent figures showing that nearly 800,000 homes were broken into between 2011 and 2012. Continue reading
Here, Andy James, advice policy manager, Towry comments on the ONS survey on total household wealth…
“The impact of age and location on total household wealth undertaken by the ONS makes for interesting reading. Continue reading
Prices for London’s best homes continue to rise and now stand 58% higher than the market low in March 2009.
But, according to Liam Bailey, Global Head of Knight Frank Residential Research, there’s growing evidence that buyers are less willing to commit to homes with over-ambitious price tags. Continue reading
When it comes to selling your home and moving on, how do you decide what to leave behind? Equally, when you move into a new home – what do you expect the former owners to have left? Continue reading