Buyer’s market keeps house prices in check in February March 26, 2025 House prices rose by less in March as the number of homes on sales rose faster than demand, according to fresh data. The average house price in the UK ticked up by 1.8 per cent in February versus 1.9 per cent in March, while the number of homes available rose 11 per cent year on [...]
UK housing market returned to growth in 2024 March 17, 2025 The value of the UK housing market returned to growth last year after mortgage rates dropped and affordability constraints eased. According to Savills, the total value of the UK housing market expanded by 6.3 per cent in 2024 to £379bn. The increase in spending on housebuying was fuelled by first-time buyers, who collectively increased their [...]
Mortgage approvals up a fifth since January last year March 3, 2025 Mortgage approvals rose 18 per cent year on year in January after interest rate cuts improved affordability. Mortgage approvals sat at 66,189 in January, up 18 per cent from 55,941 in January 2024, according to ONS data. “UK homebuyers appear to have begun the year on the front foot,” CEO of specialist lender Octane Capital, [...]
Brits spent 31,000 years on Rightmove in 2024 February 28, 2025 Property-obsessed Brits spent 16.4bn minutes searching on Rightmove last year, which the platform has used to underpin a financial performance in a “class of its own”. Rightmove swallowed up 80 per cent of all consumer time spent on UK property portals in 2024, with almost 9,400 property views every minute. The UK’s enduring fascination with [...]
First-time buying pushes house prices up ahead of stamp duty deadline February 28, 2025 First-time buyers continued to drive the housing market in February as they rush to purchase homes before the end of the stamp duty holiday at the end of March. The annual rate of UK house price growth was 3.9 per cent in February, compared with 4.1 per cent in January. House prices rose by 0.4 [...]
London prime property prices dip as Budget raid deters wealthy buyers February 4, 2025 Prices for London prime properties remain far below their 2014 peak, with double-digit discounts on asking prices to be found in some areas of the capital. The average reduction in the original asking price for houses over £1m in Greater London was £200,100, according to Investec, but some areas saw a 11.3 per cent discount. [...]
UK mortgage approvals rise as buyers race to beat stamp duty changes January 30, 2025 The number of mortgages approved by the UK banking sector rose unexpectedly in December, according to new data, suggesting buyers are looking to beat upcoming changes to stamp duty. The Bank of England’s figures showed that 66,500 mortgages were approved last month, which was up from 66,100 approvals in November. Economists had expected the number [...]
Where did UK house prices rise fastest in 2024? January 2, 2025 Nationwide's house price index showed that house prices rose 4.7 per cent over the year-to-December. Across 2023 house prices fell 1.8 per cent, according to the building society.
Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
House prices rise at fastest rate in two years – Nationwide December 2, 2024 New figures from Nationwide show that house prices rose by 3.7 per cent year-on-year last month, up from 2.4 per cent the month before.