Category Archives: House Prices

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

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

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

Sharp rise in homeowner equity set to tip supply scales

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