0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]
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. [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
First-time buyers: Top 10 cheapest London boroughs to save for a house deposit whilst living at home May 26, 2021 As many as 1.25m couples live with their parents, with a fourth admitting they made the tough decision to move home in order to save for a house deposit. Less than a third of parents charge their child and partner rent, making the move back to the family home the perfect money-saving option for couples [...]
Temptation Isle: Is London City Island the hottest property ticket in town this year? May 25, 2021 Arising in East London are over 1,700 new flats and townhouses – on an island within the capital. London City Island is a new neighbourhood development inspired by the architecture of Tokyo and Chicago, according to its developers. The Island, created by EcoWorld Ballymore, has been referred to as a “Mini Manhattan”, according to estate [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Vistry raises profit target to £325m as housing demand remains high May 17, 2021 Vistry today said its annual profit will come in higher than expectations as the housing sector benefits from a surge in demand. The housebuilder said it had a “very positive start to the year”, securing an average weekly private sales rate of 0.75, up 21 per cent on 2019. Vistry expects to complete around 6,500 [...]
Average house prices hit new record but London prices stay still May 17, 2021 The recent surge in house prices shows no signs of slowing down, with May seeing a new national record for the price of property coming to market. According to Rightmove’s House Price Index, the cost of the average property rose 1.8 per cent this month, to £333,564. The boom in prices is largely driven areas [...]
UK house price growth accelerates as supply of new homes coming to market dwindles May 13, 2021 UK house price growth accelerated last month due to a slowdown in the supply of new homes coming to market, according to the latest research. A survey carried out by the Royal Institution of Chartered Surveyors (Rics) showed that 75 per cent of respondents reported an increase in UK house prices. The figure is up [...]