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
Rail commuters to London are now seeing large financial benefits by catching the train, rather than living close to their place of work, according to the latest research by Lloyds Bank.
Homebuyers can get more for their money outside central London due to the lower price of property per square metre, and the further the commute, the greater the benefit. Continue reading
Do you jump out of bed on a Sunday morning to start DIY? Do you dream of building an eco-home? Or do you plan to repaint your kitchen cupboard doors in Farrow & Ball?
The answers to these questions could determine what type of home would best suit your personality, according to a new online NHBC survey. Continue reading
Some of the UK’s largest and best-known property buying companies have collaborated with the Property Ombudsman (TPO) to create a new Code of Practice1 to address the issues raised in the Office of Fair Trading’s (OFT) market study into the ‘Quick House Sale’ sector2.
The OFT study into companies that purchase properties directly from consumers strongly recommended the sector adopt a form of self-regulation, which spurred several property buying companies to become founding members of a new trade body, the National Association of Property Buyers (NAPB). Continue reading
First time buyers in London, undeterred by property prices rises have reached a new annual high with registrations up 55.3% annually according to new research from haart.
Latest mortgage data shows first time buyers now make up 46.4% of all mortgages written helping to buoy the national property market with a 21.3% increase in property sales. Continue reading
The cost of owning a home in the UK is now on average £124 per month lower than renting (£1,488 a year), according to research by Halifax.
The average monthly costs associated with owning a three bedroom house stood at £645 in December 2013; which is 16% lower than the typical monthly rent of £769 paid on the same property type. Continue reading