According to the latest LSL England and Wales House Price Index there were 90,000 house sales in July, an increase of 10% in a month as the market climbed back from April’s regulatory changes.
The average house price rose to £270,636 largely driven by growth in the South East and the average price in London rising to £560,386. Continue reading
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
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
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
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
House price growth returns to a steadier, healthier rate as market stabilises, according to estate agent Marsh & Parsons’ latest London Property Monitor.
Quarterly house price growth slowed to 3.1% across Prime London, down from 4.3% in the first three months of the year. Continue reading
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
The average British home increased in value by £90 a day over the first half of 2014, according to property website Zoopla.
Average property values in Britain now stand at £260,488, up 6.5% (£16,265) compared to January. Continue reading
At the current rate of house price growth (10% a year) the buyer of an average UK home will be subject to a 3% stamp duty tax rate before the end of 2016 according to a new report from haart estate agent.
An acute shortage of supply has eased as new homes for sale increased 5% annually and new buyer demand fell by 1.8%. Continue reading
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