UK house prices increased by 10.4% in the year to October 2014, down from 12.1% in the year to September 2014 according to latest data from the ONS.
House price annual inflation was 10.8% in England, 5.7% in Wales, 4.9% in Scotland and 4.9% in Northern Ireland. Continue reading
Latest figures released by ESPC, the leading property marketing company in East Central Scotland, show that activity in the property market in Edinburgh, the Lothians and Fife has continued to strengthen as 2014 draws to a close.
Between September and November the number of sales recorded by ESPC rose by 19% on an annual basis bringing sales to their highest level for the period since 2007. Continue reading
Scottish property prices jumped 0.7% (or £1,200) in October, as market confidence returns according to the latest LSL Scotland House Price Index.
The average house price in Scotland now stands only £717 below its pre-recession peak in May 2008. Continue reading
Towns and cities such as Oxford and Brighton have overtaken areas of London as the most unaffordable places in the country to rent, the National Housing Federation has revealed.
Research shows that Three Rivers in Hertfordshire is now the most unaffordable place outside of the capital to be a private renter – with private rent swallowing up more than half of people’s hard earned wages. Continue reading
According to new analysis by the National Housing Federation, properties in 20 of London’s 33 boroughs have risen by more than £35,316 in just one year, meaning that thousands of homes have ‘earned’ more than a nurse earning an average full-time salary.
As the chronic shortage of affordable homes in London continues to push prices way out of reach of average earners, the National Housing Federation is urging the government to come up with a long-term plan to end London’s housing crisis within a generation. Continue reading
Halifax’s housing economist, Martin Ellis, provides his thoughts on the housing market for the year ahead:
“The fortunes of the housing market are closely tied to developments in the wider economy. The strengthening in the UK economy has contributed to higher housing demand over the past 18-24 months. Continue reading
The average price of a UK property is up 1.2% in October after a dip in September with annual growth strong at 6.8% according to a new report from estate agent haart.
The capital saw annual house price growth of 18% in October with prices up slightly on month (0.3%). Continue reading
Latest figures released by ESPC reveal that across Edinburgh, the Lothians and Fife, housing market activity has reached its highest level since 2007.
Between August and October the leading property marketing company in East Central Scotland observed a 13% rise in the number of homes sold. Seller activity also improved with the number of homes coming onto the market increasing by just over 10% annually. Continue reading
House price momentum in the UK continued to slow and new buyer demand tailed off in October, according to the latest RICS Residential Market Survey.
Nationally, new buyer demand slipped for the fourth consecutive month with London bearing the brunt of the decline, as 62% more surveyors reported a fall in new buyer demand across the capital. Meanwhile across the rest of the UK dipped to a net balance of -18%. Continue reading
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