London house prices: Property boss on where he’d be buying in the capital December 15, 2023 MANY regions across the UK can expect to see house price rises in 2024, a leading property association has predicted, with one London spot on their top 10 list
Cracks show in London property market as prime listings come out on top December 15, 2023 London property sales have slumped and rental growth has slowed, but listings above £5m are on a three-year streak as the top sector.
Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
Housing market to improve over next two years as borrowing costs stabilise say surveyors December 14, 2023 As stability returned to the mortgage market over the past few weeks, the housing market has started to show signs of improvement, a new survey conducted by the Royal Institution of Chartered Surveyors (RICS) has said. A net balance of 11 per cent of property professionals reported sales falling rather than rising, narrowing from a [...]
Billionaire vaccine maker buys London’s most expensive property of the year December 12, 2023 A billionaire who made his wealth from vaccines has just made the most expensive purchase on a home in London this year, snapping up a Mayfair mansion for £138m.
Purplebricks to sell homes for free in turnaround bid under new ownership December 12, 2023 Estate agency Purplebricks will get a new lease of life as it launches a new – free – model, months after it came under new ownership. The company says it will now allow customers to sell their homes without a fee, as part of a bid to “disrupt the housing market.” This comes after Purplebricks [...]
House prices fall below December average as market waves goodbye to miserable year December 11, 2023 The price of a home fell by 1.9 per cent in December, according to the latest reading from property portal Rightmove.
Is 2024 time to buy as house prices stabilise? The latest data says… maybe December 8, 2023 House prices are expected to fall by two per cent next year, according to the latest reading from Zoopla, as the hangover from high mortgages appears to be dragging into next year. While slipping house prices can often be an indicator of poor economic health, house prices still remain around £40k above pre-pandemic levels. The [...]
Average two-year mortgage rate drops below six per cent in sign pain for borrowers is easing December 8, 2023 The average interest rate for a fixed two-year mortgage has fallen below six per cent for the first time since June. Moneyfacts has reported the average two-year fixed rate is now 5.99 per cent, down from the peak of 6.86 reached in July. Competition among lenders is driving rates lower, noted partner at Knight Frank [...]
Gove’s plans to cap ground rents could cost taxpayers £31bn, RFA warn December 7, 2023 Micheal Gove’s plans to cap ground rents in England and Wales could cost the taxpayer over £31bn, a trade body has warned.