Rents rise at slowest rate in nearly three years – but average hits £1,200 Property A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]
Rightmove urges Reeves to keep stamp duty threshold for first-time buyers as it posts ‘solid but uninspiring’ results Property Property giant Rightmove has called on the Government to retain the stamp duty threshold for first-time buyers, as it announced a solid but “uninspiring” set of results. Revenue at Rightmove rose by seven per cent to reach £192.1m, “as both agents and new homes developers renewed contracts, upgraded their packages and invested in additional products”, [...]
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? housing The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?
Bank of Mum and Dad: Over half of Londoners depending on parents’ inheritance to get or stay on the property ladder February 10, 2023 Over half of the Londoners who took part in a Zoopla survey admitted they were relying on their parents’ wealth to get them on the property ladder or pay off their mortgage. The UK-based online estate agent found that seven in ten of those it spoke to planned to pay off their mortgage and move [...]
House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand January 30, 2023 The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]
Mortgage costs expected to grow by another £2,500 as inflation spirals July 1, 2022 The cost of a mortgage is expected to grow by another £2,500 by the end of this year, in comparison with December 2021, according to property site Zoopla today. Economists anticipate “sharp” hikes to mortgage rates in the coming months, as the Bank of England seeks to tame spiralling inflation, which is already at 9.1 [...]
Busiest housing market since 2007 anticipated with households to make moving decisions over Christmas November 29, 2021 The UK is readying itself to record the busiest housing market since 2007 as the pandemic has made homeowners reconsider their living situations. Keen interest from buyers has sent house prices soaring, with the average value of a home now £240k, according to Zoopla’s House Price Index. The pandemic has compelled many to reconsider where [...]
Home sales set to hit highest level since 2007 October 26, 2021 The housing market is set to hit the highest level of sales since 2007, with 1.5m sales forecast for 2021. According to the Zoopla September House Price Index (HPI), combined market activity is set to amount to £473bn in transaction values this year. This is a £95bn hike on 2020. House price growth is currently [...]
Value of Westminster and Chelsea homes equals value of Welsh homes October 14, 2021 The value of UK property has hit £9.2tn, four times the country’s GDP. This sum – which is more than four times the value of all companies listed in the FTSE 100 – has risen £1.6tn over the past five years. More than a third of that growth has been in the past year alone, [...]
Demand to buy in London soars thanks to office return September 28, 2021 Demand for homes in London has risen 14 per cent over the last month as Brits rush back to the office. Prospective Londoners appear keener to purchase homes rather than flats, with homes marking an increased demand of 25 per cent compared to a six per cent boost for flats. Average UK house prices have [...]