House prices in the UK experienced a slight growth of 0.1% in June, resulting in an annual growth rate of -3.5%, according to Nationwide. However, challenges in the mortgage market and increased supply suggest that future price falls are likely. Although mortgage approvals increased in May, they still remained [...]
Mortgage rates in the UK have increased, which could put pressure on the housing market. The average rate on a two-year mortgage deal rose to 5.82% from 5.30% a month ago. The rise in rates comes after high inflation data led to expectations of more interest rate hikes from [...]
According to property website Rightmove, asking prices for homes in the UK increased by the highest amount this year in May. The average price rose by 1.8% from April, driven by a more positive economic outlook and steady mortgage rates. This growth in confidence may be due to the [...]
In March, the average price of homes entering the market in Britain showed stability, with a modest monthly increase of 0.8%. Although this growth was below the historical average for March, it indicates a more balanced housing market following the disruptions caused by the “mini-budget” in 2022. Despite challenges [...]
According to a study by Hamptons, the number of Londoners looking to move outside the capital has decreased over the past year. In 2022, Londoners purchased 81,200 properties outside London, which is nearly 20,000 fewer than the previous year. The trend of Londoners moving out of the city peaked [...]
The UK housing market is facing potential slowdown due to various factors, including a looming recession, rising interest rates, the end of Help to Buy, a long price boom, the cost of living crisis, and imminent tax rises. While recent data from Halifax and Nationwide shows a slowdown in [...]
The annual growth rate of UK average house prices slowed to 9.5% in September 2022, down from 13.1% in August 2022. This deceleration is due to the significant rise in house prices in September 2021, coinciding with changes to Stamp Duty Land Tax. There was no change in UK [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
