UK house prices stage rapid recovery in third quarter October 12, 2020 House prices enjoyed their strongest quarterly increase since before the financial crisis in the third quarter as lockdown restrictions eased. Prices rebounded quickly in the third quarter after the broadbased closure of the market during the previous quarter. Prices rose 3.3 per cent in the three months to September, according to the Halifax Property Index, [...]
UK housing market remains buoyant but braces for downturn October 8, 2020 The UK housing market remained buoyant last month as the post-lockdown bounce continued, however experts have warned that sales are expected to weaken in the year ahead as unemployment rises. The latest survey by the Royal Institution of Chartered Surveyors (Rics) showed that buyer enquiries, agreed sales and new listings were strong in September. Research [...]
UK housing market continues strong recovery as prices surge September 30, 2020 UK house prices rose by five per cent in September compared with a year previous according to the latest data from Nationwide. The building society said the annual rate of growth was at its highest in four years as the post-lockdown recovery continued. Its lending data revealed that there had been a 0.9 per cent [...]
UK house prices hit record high as stamp duty cut powers market September 7, 2020 UK house prices hit a record high in August after pent-up demand and the stamp duty holiday combined to power the market upwards, according to lender Halifax. However, Halifax cautioned that prices were “unlikely” to continue on their current path, with rising unemployment set to catch up with the market. Prices rose 1.6 per cent [...]
UK house prices: Will the surge last or is it a bubble? September 2, 2020 UK house prices surged to an all-time high last month as pent-up lockdown demand and chancellor Rishi Sunak’s stamp duty cut stimulated the market. The average UK house price rose to a record £224,123 in August, up from £220,935 in July. Bombastic estate agents greeted the figures with glee, variously describing UK house prices as [...]
UK housing market surges in busiest month in 10 years August 17, 2020 Brits have turned to home-buying to fill the summer holiday void post-lockdown as the UK housing market’s “mini-boom” accelerated in August. Rightmove’s latest house price index released today reveals the highest number of monthly sales in more than 10 years in August. It is up by 20 per cent on the previous high, and with [...]
How badly will coronavirus hit UK house prices in 2020? July 29, 2020 Property experts hope a stamp duty holiday and relaxed lockdown restrictions will protect UK house prices from a sharp coronavirus fall this year. At the height of lockdown, experts predicted that UK house prices could fall by as much as 10 per cent this year due to the impact of coronavirus. However, chancellor Rishi Sunak [...]
DEBATE: Is Rishi Sunak’s stamp duty holiday the right move? July 9, 2020 Is Rishi Sunak’s stamp duty holiday the right move? Clive Docwra, managing director of property and construction consultancy McBains, says YES. Raising the level where stamp duty tax kicks in to £500,000 is great news for the London property market. With the average cost of a home in the capital standing at close to £600,000, [...]
Halifax: UK house prices suffer longest fall since 2010 July 7, 2020 UK house prices fell for the fourth month in a row in June for the first time since 2010, according to Halifax data released today. Unlike rival Nationwide, which found the value of homes shrank for the first time on an annual basis in June, Halifax recorded a 2.5 per cent-year-on-year rise. But as the [...]
Builders urge government to target 30,000 new houses for elderly a year in pandemic recovery June 25, 2020 The three largest retirement home providers have warned Boris Johnson that Britain’s economic recovery from the coronavirus pandemic will be “running on empty” if he does not urgently build new houses for older people. The chief executives of McCarthy & Stone, Churchill Retirement, and Lifestory Group have written to the Prime Minister urging him to [...]