Latest Market Updates
UK house prices in 2021 show fastest growth rate in 15 years
UK house prices rose by more than 10% in 2021, the fastest growth rate in 15 years, according to new figures that underline the strength of the pandemic housing boom. The price of an average UK home hit a record high of £254,822 in December, up nearly £24,000 over the year, according to data published ...
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This article is more than 7 months old UK house prices climb but outlook for market ‘extremely uncertain’
Average UK house prices defied expectations and continued to climb last month despite the phasing out of the government’s stamp duty holiday at the end of September. The continued increases mean that the price of an average home in the UK has risen above £250,000 for the first time on the building society Nationwide’s index. Other house ...
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UK house prices show strongest monthly rise since 2007
House prices registered the strongest monthly rise for 14 years in September, pushing the average cost of a home to a record high and reversing a three-month decline in annual growth. Halifax, one of the country’s biggest mortgage lenders, said last month the average cost of a home rose by 1.7%, or £4,425, to £267,587 ...
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The End Of The Housing Boom Will Be When Mortgage Rates Rise In 2022
The current housing boom will flatten in 2022—or possibly early 2023—when mortgage interest rates rise. There is no bubble to burst, though prices may retreat from panic-buying highs. The boom produced some frantic buying, bids in excess of asking prices, and plenty of worry among would-be homeowners. But this has not been a bubble. A bubble is ...
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House prices rise £16,000 in a year to reach a record average high of £239,000
The average house price surged by nearly £16,000 over the year to April to hit a new record high, according to a major index. In April, the typical UK property value hit a peak of £238,831, Nationwide Building Society said, and Britain's biggest building society predicted that house price inflation will hit double digits by ...
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House prices will keep rising but estate agents say a shortage of homes for sale is hitting the market despite the stamp duty holiday extension
A shortfall in the number of homes coming up for sale remains a major stumbling block for the housing market, economists at the Royal Institution of Chartered Surveyors have warned. While the Chancellor's Budget measures, including the extension of the stamp duty holiday until the end of June, will give the sector a boost, stock ...
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UK Cities outside London attracting Middle East investors
For the first time, in 2019, properties in regional cities in the UK such as Birmingham, Liverpool, Manchester, Edinburgh and Glasgow attracted greater investment from the Middle East than Central London according to CBRE, the Global Real Estate Adviser. While £650m was committed to invest in Central London, this was outdone by more than 35% ...
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Which UK cities are expecting property growth in 2020?
A recent study by Insurance Provider Simply Business has asked Landlords in which UK cities they expect the Buy to Let market to be the most robust in 2020. The initial outlook for the UK property market in 2020 has been positive as a result of increased certainty and stability in the market due to ...
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What do the early signs say about UK property in 2020?
With suggestions from industry experts at the end of 2019 that the Conservative election victory would see a strong and growing UK property market in 2020, we take a look at what the early signals have shown. According to research by property website Rightmove, house prices in the UK increased at the quickest rate since ...
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How will UK election result affect house prices in 2020?
Rightmove, the UK property website, expects to see an average increase in house prices of 2% in 2020, although northern cities are expected to experience higher rates of growth while London begins to bottom out. Miles Shipside of Rightmove explained that “London is finally showing tentative signs of bottoming out and we expect a more ...
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Market News
House prices in the UK grew at their quickest annual rate since 2017 according to latest reports from Halifax. The findings showed that house prices increased by 5% in the three months to April 2019 in comparison to the three months leading up to April 2018.
Research conducted by property website Rightmove has given a boost to landlords and property investors as rental demand is expected to remain bouyant as three quarters of UK renters say that they cannot afford to purchase a home.
Looking back even further, the global financial crisis of 2008 saw people aatracted to a long term investment class with a proven track record of performance. Despite concern about what Brexit will bring, projections for house prices remains optimistic. Savills expects houses to rise in value by almost 15% in the next five years.
