UK house prices: Mortgage approvals have their biggest spike since April 2009 June 2, 2015 The number of mortgages granted in April for new homes grew at its fastest rate since April 2009, according to data from the Bank of England. The figures Some 68,076 mortgages were granted in April for house purchase, compared with 61,945 in March – an increase of 9.9 per cent – the biggest monthly percentage change [...]
Land Registry: UK house prices up in April, driven by semi-detached properties June 1, 2015 The rising value of semi-detached homes has led a rise in house prices across the UK in April, the latest Land Registry figures show. The average price of a semi – now £170,470 – was up 5.6 per cent on last year, helping annual prices rise 5.1 per cent overall, and bringing the average value [...]
Why over-55s are “trapped” in £820bn worth of outsized homes June 1, 2015 Homeowners over the age of 55 are sitting on £820bn worth of "under-occupied" homes, new research has suggested – a figure which could hit £1.2 trillion by 2020. The research, by the Centre for Economics and Business Research (CEBR) and institutional investor Legal & General (L&G), suggested so-called "last-time buyers" are struggling to maintain large [...]
FA Cup final 2015: Arsenal Vs Aston Villa at Wembley is a tale of two cities’ property prices in London and Birmingham May 29, 2015 Arsenal and Aston Villa may be meeting up at Wembley this weekend in the FA Cup final, but there’s more than just mileage and points between the two Premier League clubs. Their home turfs of Birmingham and London show a tale of two cities divided by a gap of more than a quarter of a [...]
Mortgage lending rises as buyers borrow more despite election worries May 28, 2015 Mortgage lending kept growing in April despite the uncertainty of the election hanging over the housing market, according to figures yesterday from the British Bankers’ Association (BBA). A total of 73,650 of mortgage loans were given out in the month, up from 72,074 in March. April’s loans were worth a total of £11.7bn, up from £11.5bn in [...]
£1 trillion pot: Landlords’ wealth grows as UK house prices and rents rise May 28, 2015 Landlords earned £112bn last year from rent and rising house prices, according to a study out yesterday from Kent Reliance. The total value of their assets is up 11 per cent on the year to £990.7bn – just shy of £1 trillion. London’s private rental sector is worth £406.5bn, up £50.7bn on the year. As [...]
Property prices: These are the most expensive homes in the world, while London’s most expensive home equals 131 “average” properties May 28, 2015 The most expensive property sold in London last year could have bought 131 “average” priced properties, a new report shows. The top selling home was a property that went for $98m, according to an annual white paper put out by Christie's International Real Estate. But London was not the city with the most [...]
London house prices soaring above the rest of the UK with average cost now £498,000 May 19, 2015 House prices in the capital continue to outpace prices in the rest of the UK, according to the latest figures from the Office for National Statistics (ONS). London house prices were up 11.2 per cent in the year to March 2015, compared to a nationwide average of 9.6 per cent, according to the ONS house price [...]
UK house prices: Scotland’s growth at its highest since 2007 as prices accelerate May 19, 2015 The UK’s house price growth rose to 9.6 per cent for the year to March, with Scotland the east of England and London driving the rise. The figures The 9.6 per cent rise in the UK for the year to March was 1.2 percentage points higher than the 7.4 per cent recorded in February. The [...]
Agents bet on UK housing market activity boost after General Election May 17, 2015 Agents are expecting housing market activity to pick up following a decisive outcome to the General Election. “Now the months of uncertainty are finally over, we are already witnessing confidence returning to the market with buyers and sellers in a more informed position to make the decisions they were putting off,” said Andrew Weir [...]