UK house price growth slows in May amid Brexit uncertainty May 31, 2019 Annual growth of UK house prices remained below one per cent for the sixth consecutive month in May, as political uncertainty continued to weigh on the property market. Prices fell 0.2 per cent month-on month, while annual house price growth slowed to 0.6 per cent, falling from 0.9 per cent in April and below the [...]
House prices rise for third straight month as market readies for 2024 rebound January 5, 2024 The UK housing market continues to beat expectations despite higher interest rates, with fresh figures today showing prices have risen for the third straight month.
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
Are you really better off investing in Manchester property over London? August 7, 2024 It seems a universal truism that Londoners will complain about house prices in the capital, and grumble about not having invested twenty years ago (even when they’re barely mid-twenties themselves). It is true that the housing market is London would have been a brilliant investment in the year 2000: prices have risen by more than [...]
Resolution Foundation: Stamp duty holiday not main force behind house prices rise August 21, 2021 The stamp duty holiday’s role in rocketing house prices over the past year has been overstated, the Resolution Foundation has claimed. The average value of a UK home increased by 13.2 per cent between June 2020 and June 2021 but the think tank believes the boom has more to do with other factors than the [...]
Bank of England drops mortgage market affordability test after less than a decade June 20, 2022 The Bank of England said this morning that its Financial Policy Committee will withdraw the so-called mortgage market affordability test. “Following its latest review of the mortgage market, the Financial Policy Committee has confirmed that it will withdraw its affordability test Recommendation,” the BoE said in a statement. This will come into effect from 1 [...]
Council tax will cushion the cost of living crisis, but it accepts an outdated policy February 4, 2022 With inflation soaring, people are becoming increasingly desperate. Inflation is at record levels, sitting at 4.8 per cent in December and expected to soar as high as 7 per cent by April. The repercussions of this will be particularly strenuous on the most vulnerable. Indeed, the price of essential items that make up a larger [...]
London house price growth falters despite annual spring surge May 20, 2019 House prices in London remain down year-on-year despite the annual spring surge, driven by a slump in inner city sales, according to property website Rightmove. Greater London recorded a monthly rise of 1.2 per cent, equivalent to £7,339, pushed largely by outer London properties that rose 1.9 per cent. Inner London prices, meanwhile, registered a [...]
UK house prices ‘relatively flat’ for third straight month before expected interest rate cut July 5, 2024 House prices have remained "relatively flat" for the third consecutive month in June, down 0.2 per cent, according to new data from Halifax.
Falling mortgage rates drive sentiment in property market to a two-year high April 11, 2024 Recovery in the UK housing market is speeding up, according to the Royal Institute of Chartered Surveyors.