Category Archives: House Prices

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

Olympic legacy adds £125,000 to house prices

To celebrate the second anniversary of London 2012 Olympic Games opening ceremony, the latest research from Lloyds Bank looks at house price performance in areas close to the Olympic Park since the Games were awarded to the capital in July 2005.

Homeowners in the 14 postal districts in East London closest to the Olympic Park have seen the average value of their property rise from £206,191 in July 2005 to £334,1232 in March 2014. Continue reading

Gardens can add up to 10% to price of a property

With the hottest summer on record underway, outside space is one of the key requirements for buyers in the Capital with 65% of property searches now requesting outside space.

The current shortage has created fierce competition and there is now a 5-10% premium on these properties, says leading independent London agent Greene & Co. 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