Rising construction costs will led to further house price growth September 30, 2021 House prices are expected to further soar thanks to increasing construction costs. Annual house price growth eased to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society. London was the weakest performing area of the UK in the third quarter of 2021 while the average UK house price [...]
Millions of homeowners will see mortgage rate rises as ‘softer’ house price growth forecast December 16, 2021 Major banks have hiked mortgage interest rates in response to the Bank of England hiking rates 0.15 percentage points to 0.25 per cent. Banks raised rates following the decision on Thursday, meaning millions of households will pay heftier monthly mortgage repayments. Barclays, Halifax, Lloyds Bank, NatWest, Nationwide and Santander will pass on the increase to [...]
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
Halifax: UK house price growth expected to be ‘much flatter’ 1 per cent in 2022 December 17, 2021 UK house price growth will remain robust next year but will be “much flatter” as rising inflation and interest rates, coupled with the end of government support measures, place greater pressure on household budgets. Prices are expected to inch up around 1 per cent in 2022, but “forecast uncertainty remains very high,” Halifax said this [...]
London will continue to see weakest house price growth until 2024 September 27, 2021 London is set to underperform the rest of the country on house price growth until 2024, when growth will accelerate. Prices in the city have been forecast to end the year up 1.5 per cent, according to the latest housing market forecast from estate agents Hamptons. London prices are then predicted to rise by one per [...]
First time buyers face significant barriers as earnings lag behind soaring house price growth November 25, 2021 First time buyers are facing significant hurdles to raising a deposit as they come up against high prices relative to average earnings. House price growth has surpassed earnings growth over the past year and the ratio of house prices to earrings has hit a record high, the Nationwide House Price Index set out. A 20 [...]
House prices to stutter after Bank of England interest rate hikes June 4, 2023 House price growth is poised to stutter, new figures out this week are expected to show, as prospective homeowners are gradually priced out of the market by the Bank of England’s successive interest rate rises.
UK house prices growth eases back to 10 per cent with London slowing the most September 30, 2021 Annual house price growth eased back to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society this morning. Prices increased by just 0.1 per cent month-on-month, taking the average UK house price to £248,742. Wales and Northern Ireland were the strongest performing parts of the UK in the [...]
Annual house price growth hits highest level for seven years in May June 1, 2021 Annual house price growth rose to 10.9 per cent in May, the highest level in nearly seven years. Prices shot up 1.8 per cent month-on-month, following a 2.3 per cent rise in April, according to new Nationwide data. The new record average house price is £243k, up by almost £24k over the past twelve months. [...]
House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000