Category Archives: House Prices

The 7 most affordable places in the UK to buy a house

Getting a foot on the property ladder has always been difficult, but there are some areas of the UK where it easier than others.

The average UK house now costs eight times the average national wage. But new research, carried out by online money-saving agent eMoov, shows that there are some places where you can buy a house for as little as three times the average salary in the area. Continue reading

Designer villages where house prices are over £1 million

Who wants to be a property millionaire? As house prices continue to rocket, particularly in the commuter belt, more village residents are winning.
This year, eight villages in Essex, Surrey, Greater Manchester, Hertfordshire and Hampshire, have joined the so-called “Millionaires’ Club”, where average asking prices, recorded by Rightmove, have leapfrogged the £1 million mark.

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Oxford named the hardest place to buy a home in Britain for first time buyers

Oxford is the toughest town for first time buyers to get a foot on the UK property ladder, taking over from Brighton as the country’s premium property hotspot. Bradford & Hull, on the other hand, proved the most affordable, according to new analysis by job search engine Adzuna.co.uk.

The research shows that nearly three quarters (72%) of homes in Bradford fall within financial reach for first-time buyers on average local incomes. London, High Wycombe, Reading and Brighton are amongst the most unaffordable places to purchase first properties as wages stagnate and property prices soar across Britain.  Continue reading

UK housing market dips for first time in 12 months

Interest from UK house buyers has dropped for the first time since March 2015, as uncertainty continues to affect the market, according to the latest RICS UK Residential Market Survey. 

Following the buy-to-let rush that preceded the 1 April tax rise deadline, and with continued uncertainty caused by the EU Referendum, interest from buyers dropped in April with 22% more chartered surveyors reporting a drop in demand.  Continue reading

The housing bubble is finally bursting – here’s what that means for you

Is it possible that homes are, at last, about to become more affordable? The Government announced last summer, at the Conservative party conference in Manchester, that, having won the general election, it was going to grasp the housing problem by the windpipe and sort it.
That energised Brandon Lewis, the Duracell-powered housing minister, and the Government came up with a raft of initiatives – including, most surprisingly perhaps, that investing in homes as a financial asset should be discouraged. Generation Own, rather than Generation Rent, was the aim.

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Cash is king in prime property purchases

Buy-to-let investors and second-home owners were behind three in five property purchases made in Prime London during Q1 2016, boosting the proportion of purchases made in cash, according to estate agent Marsh & Parsons’ latest London Property Monitor. 

Accounting for 36% of all sales from January to March, buy-to-let investors were the most prolific type of buyer across Prime London in the three months immediately preceding the April 1st implementation of an additional 3% Stamp Duty. This represents a significant spike from 26% of purchases during the previous quarter, and a sudden reversal of the recent trend of weakening investor influence. Investor share of the market has been in slow decline last year since it peaked at 37% in Q4 2014.
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