Landlords across England and Wales have seen returns eclipsed by those in the capital, according to the latest Buy-to-Let Index from LSL Property Services plc.
London landlords have seen total annual returns of 14.6% in the year to January 2014, up from 11.4% in the previous twelve months. Continue reading
Average UK house prices rose 11% annually to £209,685 – an astonishing rate of growth when compared with the best fixed rate ISA paying 1.85% for one year according to a new report by Sequence.
London’s house prices rose by 21% annually to £461,477 – 11 times the growth of an ISA interest rate whilst London’s sales transactions increased by 20% annually as buyers continued to flock into the market. Continue reading
UK house prices increased by 5.5% in December 2013 compared with a year earlier, up from 5.4% in November 2013 according to new data today from the Office for National Statistics (ONS).
The average UK house price reached £250,000 in December 2013. Continue reading
Average earners in England would need to more than double their annual salary just to keep up with out of control house prices, new research by Shelter shows.
Wage and house price inflation in each area of the country since 1997 was used to calculate what average annual earnings would be if they’d risen at the same rate as house prices. Continue reading
Aberdeen is the most cost-effective town in Britain for buying property compared to renting.
Over a typical seven year period, the average property owner in the Scottish town can expect to be £99,040 better off compared to the equivalent renter, according to research from property website Zoopla.co.uk. Continue reading
The latest figures from ESPC have revealed the number of small properties sold in Edinburgh have risen by 75% annually in the three months to January 2014 indicating a significant rise in activity from first time buyers and buy-to-let investors.
A rise in sales of one bed flats in particular suggests the return of those most significantly affected in the wake of the ‘credit crunch’. Continue reading
London may boast the highest average disposable incomes in the UK, but it also has the highest cost of living and the lowest average savings levels
There are many benefits to living in the capital but it’s not without its drawbacks too. The annual London Factor research from Halifax outlines the current financial and social advantages and disadvantages of living in the capital city. Continue reading
UK house prices increased by 0.7% in January and were 8.8% higher than January 2013 according to the latest Nationwide House Price Index.
House prices are around 4% below their 2007 peak. Continue reading
The total value of the UK’s housing stock has risen from £3.6 trillion to £5.2 trillion over the past ten years, but the balance of housing wealth continues to tilt from North to South and become ever more concentrated in the hands of mortgage free homeowners, according to new data from international real estate adviser, Savills.
Valuing Britain, the annual measure of total housing value by Savills research, reveals a £186 billion rise in 2013, with London accounting for over £100 billion of the gain. With the exception of Wales, the North East and North West, all regions saw an increase in the value of their housing stock. Continue reading
The December data from Land Registry’s House Price Index shows an annual price increase of 4.4 per cent which takes the average property value in England and Wales to £167,353.
The monthly change from November to December shows an increase of 1.1 per cent. Repossession volumes decreased by 31 per cent in October 2013 to 1,129 compared to 1,636 in October 2012. Continue reading