Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
UK house price gap hits a 20-year high September 25, 2015 The gap between house prices in London and other major regional UK cities has grown to its widest level in 20 years. Homebuyers can expect to save on average £300,000 if they ditch the capital and move to Manchester, according to data released this morning by Hometrack. The gap was greatest in Glasgow, [...]
Prices on the rise: What next for inflation? February 23, 2017 Inflation is waking up Most of the major central banks are predicting rises in inflation. Price pressure was already beginning to build in 2016 as the world economy showed signs of improvement. Now the policies of a new Trump administration – lower taxes and increased government spending – could increase that pressure. The expectation among [...]
Halifax: Reluctant sellers push UK house price growth up again September 10, 2015 Another day, another confirmation that UK house prices are rocketing, after new figures showed prices were nine per cent higher in the three months to August than they were during the same period last year. To be fair, that was still lower than the impressive 9.6 per cent rise in June – but higher than [...]
UK house prices: Buy-to-let lending drove the mortgage boom in August, according to the Council of Mortgage Lenders October 13, 2015 Mortgage lending ticked up in August compared with the same month last year, with buy-to-let lending posting a rapid increase. There was a whopping 37.9 per cent jump in buy-to-let lending on the year, with 22,200 mortgages approved. The amount of money lent out was up 47.8 per cent to £2.3bn, according to the figures released this morning [...]
Tooting property prices: A fun, if a little pricey, area to buy a house on the Northern Line September 23, 2015 Not only does Tooting bear one of the most charming names out of all of London’s precincts, the Zone Three area has pretty good connections to the central London thanks to the Northern Line. A largely residential area, the rows of terraced housing have recently proven popular with the hordes of young professionals that [...]
UK housing market: Interest-only home loans going out of fashion as take up slumps, say Council of Mortgage Lenders September 22, 2015 Warnings that interest-only mortgages are a “ticking time bomb” appear to be filtering through to the market, with figures out yesterday showing a 16 per cent drop in the number of such loans outstanding. A quarter of the reduction is the result of loans reaching maturity and being redeemed while a further 40 per cent [...]
Opinion: A real estate legal specialist explains why using Brexit to get out of a property deal is a very bad idea June 30, 2016 Several days on from the result of the EU Referendum and, inevitably, many are wondering how leaving the EU will affect the London residential property market. First, it’s important to take a step back and look at what was happening before the referendum. The 15 per cent stamp duty and annual taxes for properties worth [...]
UK house prices: Supply of properties for sale crashes to 11-year low as National Association of Estate Agents warns “We’re reaching crisis point” September 25, 2015 The supply of houses for sale has slumped its lowest level for 11 years, exacerbating fears that housing affordability is set to continue declining. The number of properties available to buy per estate agent branch dropped to 38 in August, according to figures released today by the National Association of Estate Agents (NAEA) – a [...]
Mortgage lending rises sharply in September for the fourth month in a row October 22, 2015 The amount of mortgage lending to UK homebuyers jumped by 12 per cent in the year to September as rising employment and earnings growth helped keep confidence levels high. Gross mortgage lending reached £20bn in September, up from £17.8bn the same time last year and two per cent higher than August’s lending total of £19.7bn, [...]