This week: Housebuilding space to come under spotlight with key players revealing results September 5, 2022 Investors will get a good idea of how the housing market is faring with a trio of leading housebuilders unveiling financial results this week. Barratt Developments, Berkeley Group and Vistry are all set to update shareholders on their performance amid reports the housing sector is losing steam. London-listed housebuilding giants Barratt, Berkeley, Persimmon and Taylor [...]
House prices increase at fastest annual pace since 2007 as property values jump by almost 11 per cent March 7, 2022 House prices increased at the fastest annual pace since 2007 in February to reach a new record high, according to an index. At 10.8 per cent, the annual rate of house price growth was the strongest since June 2007, Halifax said. The increase took the average house price across the UK to a new record [...]
Time to build some houses for the sake of London’s future February 21, 2022 Some years ago, a small group of twitter warriors coalesced around a single campaign slogan – build some bloody houses. As ever with social media trends, the energy and enthusiasm has now lagged, but the point is as relevant as ever. Last year the average house increased in price by around the same as the [...]
UK house prices: Growth rate halves as south east faces ‘reality check’ September 18, 2019 The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted. Average UK house prices grew just 0.7 per cent in the year to July, amounting to just half of June’s 1.4 per cent rise, [...]
House prices: Value of homes in Kensington and Chelsea alone same as whole of Wales October 14, 2021 Homes across Britain have added £49,257 to their value over the past five years on average, according to a property website. The total value of homes has risen by 20 per cent – or £1.6 trillion – in the past five years, Zoopla said. More than a third (£550bn) of the £1.6 trillion increase has [...]
UK house prices see fastest growth in four years but monthly rate slows November 6, 2020 UK house prices grew at their fastest annual rate since 2016 in October, new figures have shown, although month-on-month price growth slowed considerably. House prices jumped 7.5 per cent in October, according to the Halifax house price index, compared to 7.3 per cent in September. Yet growth slowed to just 0.3 per cent when looked [...]
London sellers take home over £30bn in gross profit while seller gains decline January 10, 2022 London home sellers made a total gross profit of £30.96bn last year. However, weaker price growth meant that last year marked the first time since 2015 that London sellers made a gross gain less than £200k, Hamptons estate agents said. The average London seller sold their home for £197,730 more than they paid for it [...]
The Elizabeth line effect: House prices along Crossrail skyrocket by as much as 215 per cent May 17, 2022 With the initial launch of Crossrail imminent, it has emerged that postcodes with stations due to benefit from Crossrail (CR) have seen house prices increase by up to 215 per cent since the project was first announced, carrying a 14 per cent premium versus the wider areas. Postcodes home to a Crossrail station have seen [...]
UK house prices end 2020 on record high but growth slows January 8, 2021 UK house prices ended 2020 on a record high, but the pace of growth slowed towards the end of the year, the latest figures showed. House prices in the UK were 0.2 per cent higher in December than the previous month, reaching an average value of £253,374. On an annual basis, property prices jumped six [...]
Value of mortgage advances tops £70bn as real estate experts say market is cooling off March 8, 2022 Real estate experts have said the latest mortgage lenders statistics show a market cooling off from its earlier frenzy. In figures published by the Bank of England on Tuesday, the outstanding value of all residential mortgage loans was £1,613.4bn at the end of the fourth quarter of 2021. This was 4.7 per cent higher than [...]