Category Archives: House Prices

House prices continue to increase more quickly than average earnings

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

First-time buyers flying through the Prime London property market

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

Without inheritance children will never own a home?

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

Proximity to a Boris Bike helps attract home buyers

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

Higher taxes and election uncertainty slow prime London

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