Is 2024 time to buy as house prices stabilise? The latest data says… maybe December 8, 2023 House prices are expected to fall by two per cent next year, according to the latest reading from Zoopla, as the hangover from high mortgages appears to be dragging into next year. While slipping house prices can often be an indicator of poor economic health, house prices still remain around £40k above pre-pandemic levels. The [...]
London house prices crater as UK reports biggest drop since 2011– but experts are doubtful of data January 17, 2024 The capital saw the biggest drop in the UK, but still had the most expensive homes at £505,000, almost double the UK average of £285,000. This is £6,000 down on the average from 2022.
Savills: ‘Maturing’ build-to-rent market needs staggering £300bn to meet demand July 9, 2024 The build-to-rent sector needs a total of £300bn of investment if it is to meet future levels of demand even after the sector has begun to emerge as "a mainstream investment in the UK", Savills has warned.
One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
House prices “resilient” for now – but will the election throw them off course? May 31, 2024 UK house prices are standing up to the challenge of expected ‘higher for longer’ interest rates and political uncertainty, according to the latest data. Nationwide’s closely watched house price index showed a 0.4 per cent month on month jump in property prices in May, signalling a 1.3 per cent annual growth rate. Whilst still lagging [...]
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 [...]
Rightmove urges Reeves to keep stamp duty threshold for first-time buyers as it posts ‘solid but uninspiring’ results July 26, 2024 Property giant Rightmove has called on the Government to retain the stamp duty threshold for first-time buyers, as it announced a solid but “uninspiring” set of results. Revenue at Rightmove rose by seven per cent to reach £192.1m, “as both agents and new homes developers renewed contracts, upgraded their packages and invested in additional products”, [...]
Crest Nicholson sells stake in Surrey film studio for £45m May 14, 2021 UK property developer Crest Nicholson has sold its 50 per cent stake in a film studio joint venture for £45m. Crest Nicholson, which usually focuses on house building, said it has entered into an agreement with JV partner Aviva to sell its share of Longcross Studio in Surrey. The transaction, which is expected to complete [...]
Mortgage approvals rise as rates cool – but the housing market is not out of woods yet January 4, 2024 According to the latest reading from the Bank of England (BoE) net mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November.
House prices rise for first time since last June but sticky rents likely to remain challenge for tenants May 22, 2024 New government data has shown house prices grew by for the first time since last summer in March, while private rents cooled from the record highs recorded at the start of the year.