Category Archives: House Prices

Property sales across Scotland continue to boom

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

London overtaken as the most unaffordable places to rent

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

London homes ‘earn’ more than a nurse in a year

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

Scottish property market reaches 7 year high

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 growth continues to slow

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

Homeownership is becoming an ‘exclusive members club’

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