People looking to buy a house in a highly competitive market are spending less time on property viewings and potentially missing out on signs of maintenance issues that could cause them financial pain down the line, according to new research from Aviva.
Home buyers in the past year spent on average just over half an hour in total looking round a property before making what is likely to be the biggest purchase decision of their lives. Continue reading
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
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
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
At the current rate of house price growth (10% a year) the buyer of an average UK home will be subject to a 3% stamp duty tax rate before the end of 2016 according to a new report from haart estate agent.
An acute shortage of supply has eased as new homes for sale increased 5% annually and new buyer demand fell by 1.8%. Continue reading
The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.5 billion in June.
This is 4% higher than May (£16.8 billion), 17% higher than June last year (£14.9 billion) and the highest monthly figure since October last year (£17.6 billion). Continue reading
The number of first-time buyers in the first six months of 2014 reached their highest level since 2007, according to the bi-annual Halifax First-Time Buyer Review.
There were an estimated 144,5001 first- time buyers in the first six months of 2014, an increase of 25% on the same period last year – and also the highest total for the same six months period since 2007 (181,500). Continue reading
Whilst house prices may have started to slow down somewhat in recent weeks, the rate of house price growth has annually risen by around 11% in the UK.
In London it is nearly double that figure, as an influx demand and cash buyers from overseas means that properties are being sold very quickly. Continue reading
People living and working in the countryside are being pushed out, as house prices in rural areas soar, second homes lie empty and populations become older and more vulnerable.
Figures released by the National Housing Federation show rural areas have become some of the least affordable places to live in the country. Continue reading