Category Archives: House Prices

Stamp duty will cost average homebuyer £7500 by 2016

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

144,500 buy first home so far in 2014

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

Report reveals 32% annual rise in houses sold in Scotland

Latest figures from ESPC show that sales between April and June this year increased by 32% compared to the same period last year.

The figures prove the East Central Scotland housing market has remained brisk during the second quarter of the year. Activity among sellers is also increasing with the number of homes coming onto the market up by 10% on an annual basis. Continue reading

Commute for an hour and save £380,000 on house prices

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