London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
Bank of England aggressive rate hikes send chill through UK construction economy February 6, 2023 The Bank of England’s ten successive interest rate rises have sent a chill through the UK’s construction economy, a closely watched survey out today shows. Potential home buyers are shunning purchases due to mortgage rates flying higher, prompting house builders to rein in spending. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) [...]
House price growth faces ‘significant drag’ from rate rises but London remains ‘buoyant’ June 30, 2023 House price growth may face “significant drag” from high interest rates as fresh figures show they remained relatively stable in June despite yearly growth being negative. The latest Nationwide House Price Index show house prices remained broadly flat in June, but down 2.5 per cent compared to last year, owing in part to 13 successive [...]
UK and London house prices drop again but ‘affordability still a huge barrier’ February 14, 2024 House prices fell in December with the average price of a property now costing £285k – but it’s still hard to afford a home for lots of Britons. The figure, according to a new government release, is down £4,000 when compared to the exact same period the year before, but up from 2.3 per cent [...]
Housebuilding targets ‘extremely challenging’ without extra funding, think tank warns June 19, 2024 Neither party has committed any extra funding to boost housebuilding numbers, which will make it difficult to reach the target.
Housing crisis is not just an issue for avo-loving millennials, but one for the UK at large August 2, 2023 House prices crash – first time buyers, rejoice? Hardly. The near four per cent fall over the past year takes house prices back to where they were only a couple of years ago; and with interest rates and therefore the price of mortgages rocketing, the end result is housing remaining out of reach for all [...]
Property Special: Will the Bojo mortgage fill the Help to Buy hole? May 23, 2022 The so-called Mortgage Guarantee Scheme (MGS), commonly known as the Bojo Mortgage, is a more market encompassing version of the Help to Buy scheme, allowing lenders the option to purchase a guarantee on mortgage loans for those with less than a 10 per cent deposit. Launched in April of last year, it can be utilised [...]
UK house prices rise for third successive month as interest rate cut speculation mounts December 1, 2023 Crash? What crash? The latest Nationwide data suggests house prices are on the up
Is this the worst time ever to rent in the UK? That’s what the numbers say October 12, 2023 Rents will rise by five per cent next year because of a mismatch between rising tenant demand and falling supply
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut February 12, 2024 Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.