House price growth slows for first time in 15 months as Brits battle scaling mortgage rates November 1, 2022 Annual house price growth in the UK slowed to 7.2 per cent in October, from 9.5 per cent in September, according to Nationwide this morning. It means the average cost of a home in the country now stands at £268,282. Nationwide chief economist, Robert Gardner, likened current mortgage rates to annual wage ratios to those [...]
Monthly mortgage payments top £1,000 as homeowning costs pile up August 15, 2022 The average monthly mortgage payments for first-time buyers putting down a 10 per cent deposit have climbed past £1,000 for the first time, according to property site Rightmove today. The latest interest rates rise of 0.5 per cent has piled further pressure onto new buyers’ affordability, as property costs outpace annual wage packets. “It’s likely [...]
Focus on Wood Green: First-time buyers flock to this up-and-coming North London locale November 15, 2019 Known to many Londoners as the gateway to a night out at the Alexandra Palace, Wood Green is situated on the border between North East and North West London, just within the North Circular. It is also home to Wood Green Animal Shelter, one of the largest in London which was recently the subject of [...]
First-time buyer demand boosts July mortgage figures September 17, 2019 First-time home buyer demand has remained strong despite ongoing political and economic uncertainty. Mortgages for buyers making their first step on to the property ladder in July increased 5.8 per cent compared to the same month last year. Read more: Shifting stamp duty would hurt first-time buyers The number of homemover mortgages also increased 1.4 [...]
Buy-to-let properties in the North East far out-value the South February 17, 2023 Thinking of investing in a buy-to-let property? Then be prepared to cast your net further than London and its surrounding areas. According to data crunched by RentTech platform Goodlord, potential yields for buy-to-let properties are highest in the North East, while the South East comes in last of all areas of the UK. Taking into [...]
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.
Young buyers drive private jet boom as owners under 45 surge September 26, 2022 Young buyers are among the main drivers behind the private aviation boom as jet owners under 45 have increased by 20 per cent in the last five years. Data from private jet brokers Jetcraft showed that in Europe 24 per cent of pre-owned jet buyers are younger than 45, with numbers increasing to 38 per [...]
Markets: Three things we learned this week May 5, 2023 This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]
Build, Baby, Build: You don’t solve a supply crisis by juicing demand June 18, 2024 Both parties are making big promises on housebuilding, but the policies being put forward are nothing new at best and actively harmful at worst, says Henry Hill This election is an important milestone in this country’s long-running housing crisis, because it is probably the first one in which both major parties have formally acknowledged that [...]
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.