Category Archives: House Prices

Homeownership is becoming an ‘exclusive members club’

Only the wealthiest of the next generation will be able to buy a home if current trends continue, warns the National Housing Federation, as a new report shows that first-time buyers now have to pay, in real terms, ten times the deposit needed in the early 1980s.

The Broken Market, Broken Dreams report reveals that first-time buyers today have to earn more, borrow more, stump up a larger deposit and rely more on family wealth than even a generation ago. Continue reading

First time buyers helped by parents with £23k each

UK parents give an average of £23,000 when helping their children with a deposit to get onto the property ladder, according to research from Shelter.

Highlighting the increasing strain on the Bank of Mum and Dad, the same poll also found that a fifth of parents helping their children onto the housing ladder had done so using savings set aside for retirement or elderly care. Continue reading

Halifax: House prices rise by 3 per cent

House prices in the latest three months (June-August 2014) were 3.0% higher than in the previous three months (March-May 2014); down from 3.5% last month according to the latest Halifax House Price Index August 2014.

Prices in the three months to August were 9.7% higher than in the same three months a year earlier. This was lower than the annual rate of 10.2% in July. Continue reading

Scottish house sales improve despite market slow down

Activity in the East Central Scotland property market has continued to improve, according to the latest figures from ESPC’s House Price Report, despite an ease in growth over the summer months.

Between June and August this year, the number of homes sold across Edinburgh, the Lothians and Fife rose by 13% annually. However, in Spring of this year, annual growth in sales was standing at over 30%. Continue reading

Parents in fear children won’t afford homes

New research reveals that parents’ hopes for their sons and daughters’ futures are being clouded by fears they will never afford their own home, and a belief the main political parties aren’t doing enough to deal with the housing crisis.

As mums and dads wave their children off for the first day of term, new research reveals that parents’ hopes for their sons and daughters’ futures are being clouded by fears they will never afford their own home, and a belief the main political parties aren’t doing enough to deal with the housing crisis. Continue reading

Homeowner confidence high but mortgage concerns appear

UK homeowners remain very confident that property values will continue to rise over the second half of this year, but are concerned about mortgage availability as a result of new lending criteria following the Mortgage Market Review, according to the latest Zoopla Housing Market Sentiment Survey.

92% of homeowners surveyed expect UK property prices to increase over the next six months, slightly down from a four year high of 95% earlier this year. And amongst the 7,810 homeowners surveyed by Zoopla, the average prediction for house price growth over the remainder of the year currently stands at 7.6%. Continue reading

2m young working adults still live with Mum and Dad

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

Buyers cooling but Brits remain confident

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