Property: Market now faces acute supply shortage after buying frenzy August 26, 2021 Housing stock levels are down 26.4 per cent compared to the 2020 average, as buyer demand has eroded existed supply. While buyer demand remains strong, up 20.5 per cent, stock supply will remain low into next year, according to the property platform Zoopla’s monthly House Price Index. The property market is experiencing its greatest stock [...]
Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
To win younger voters, Labour needs to weed out the anti-housing nimbys May 16, 2023 Labour wants to portray itself as the party of housing. But to succeed, Keir Starmer will have to manage nymbies on his backbenches, showing he's serious about building new homes, writes Elena Siniscalco
Government admits most Brits will not benefit from Boris Johnson’s ‘benefits to bricks’ housing plans June 22, 2022 Most Brits will not be able to make use of Boris Johnson’s “benefits to bricks” scheme to allow welfare payments to secure mortgages, the government has admitted. Earlier this month, the Prime Minister announced a plan to enable people who are in work but also on housing benefit to use welfare payments towards a mortgage, [...]
£48,247 is the highest salary the average young Brit expects to earn, ever August 31, 2022 What did you want to be when you grow up? It’s the classic question posed to children by parents and teachers around the world. The typical response usually cites career aspirations such as becoming a firefighter, doctor, nurse, sportsperson, and an astronaut, of course. But, as children become young adults ready to embark on their chosen [...]
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
Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]
Revealed: The top 10 most affordable London boroughs for first-time buyers June 25, 2019 The City of London is the least affordable London borough for first-time buyers, according to new research that has ranked the capital’s best and worst spots for hopeful homeowners. Hackney, Haringey, Brent and Camden joined the Square Mile as the five most unaffordable boroughs in London based on the net wage and time taken to [...]
The London boroughs with the lowest property prices: Where is the cheapest place to buy in London in 2023? April 3, 2023 With the OBR expecting property prices to drop by 10 per cent this year, first time buyers are tentatively hoping that 2023 might be the year they can finally afford to get on the property ladder. But with London’s property market still too hot for many young buyers, where is the best borough to buy? [...]