House prices in the latest three months (February-April) were 2.2% higher than in the preceding three months (November 2014-January 2015) according to the latest Halifax House Price Index April 2015.
The quarterly rate of change decreased for the first time this year following three consecutive rises and compares with 2.6% last month. Continue reading
Annual house price growth edged up to 5.2% in April from 5.1% in March according to Nationwide
Overall UK house prices rose by 1% in April. Continue reading
First-time buyers are almost neck-and-neck with investors in the Prime London property market, according to estate agent Marsh & Parsons’ latest London Property Monitor.
While investors continue to account for the majority of house purchases made across Prime London, this margin has narrowed significantly after a huge spike in first-time buyer sales in the past three months. Continue reading
Research from Shelter has shown that 49% of parents in Britain whose children haven’t bought a home, think the only way they will be able to do so is with inheritance from them.
Many parents feel high house prices and a lack of affordable homes are leaving their children priced out. And the latest government figures suggest they are right to be concerned, with homeownership levels having collapsed among young adults in the last decade. Continue reading
The continued expansion of London’s cycle hire scheme will benefit home sellers living near bike docking stations – and attract potential buyers to living in previously less well-connected areas – according to estate agent Marsh & Parsons.
Santander is to assume sponsorship of the ‘Boris Bike’ programme from April and is committed to further growing and developing the scheme, which already offers Londoners the use of 11,500 bikes across more than 700 docking stations. Transport for London has identified a further 1,000 potential docking stations, to materialise by early 2016. Continue reading
Prices in the prime housing markets of London fell marginally in the first quarter of 2015, according to the latest research from Savills.
This follows an average 2.6 per cent price adjustment in the final quarter of 2014, triggered by the stamp duty reform announced in December’s Autumn Statement, and means that the 12-month rolling prime London average has slipped into negative territory. Continue reading
According to the latest research by property website Zoopla, Labour leader Ed Miliband is the only main UK political party leader who owns and lives in a ‘mansion’, according to his party’s definition, based on the proposed Mansion Tax for properties valued at over £2m.
Miliband’s North London home is now worth £2.73m, more than three times the average in the area, according to Zoopla. Continue reading
Over the past two years average house prices have increased by more than the average employee’s net earnings1 in almost one in five – 73 out of 384 – local authority districts (LADs) across the UK, according to the latest Halifax research.
The vast majority of these areas are in London, the South East, and East, representing 68 of the 73. The largest difference was in Hammersmith and Fulham, where house prices increased by an average of £199,930 over the last two years, exceeding average take-home earnings in the area by £143,232. Eight London boroughs appeared in the top ten. Continue reading
The sky-high cost of housing is preventing nearly a quarter of 24-39 year olds from starting a family, new research shows.
As a home of their own becomes a distant dream for many, figures from Shelter and YouGov show prospective parents across the UK are putting off having children because housing is so expensive, with 57% of them waiting for up to five years to start a family. Continue reading
Average house prices rose £1,600 (1%) in a month, surpassing May 2008 peak in recovery milestone according to the latest Your Move Scotland House Price Index.
Fife and West Lothian joined the ranks of the record-breakers, setting new peak house prices in January. Continue reading