UK house prices: What effect does the unemployment rate have on the cost of a home? May 17, 2015 Average house prices in the twenty local authorities with the highest rate of unemployment have risen by just £4,100 since 2009, while low unemployment areas have risen by an average of £65,000, according to analysis from Lloyds. The figures The raw numbers translate to increases of 25 per cent for the areas with the lowest [...]
Four charts that sum up the week: Sterling rallies, UK growth forecast cut, London house prices rise and Europe beats Britain May 15, 2015 London house prices ended seven months of decline, the Bank of England said it was feeling less optimistic about the UK economy and the French economy sped ahead of Britain and Germany in the first quarter, this week. Here are four charts that sum up what happened. 1. London house prices are on the up again, [...]
UK house prices in charts: Growth in London is beaten by other regions for the first time in 53 months May 14, 2015 London has been knocked off its perch as the region with the fastest-growing house prices for the first time in 53 consecutive months, or nearly four and a half years. Annual house prices, on average, grew by 6.8 per cent in the three months to the end of April, falling behind both the south east (7.1 per cent) and [...]
UK house prices: Are low deposit mortgages propping up the housing market? May 14, 2015 The number of people buying houses with low-value deposits has risen by 7.3 per cent in the last year, according to data analysis by chartered surveyors e.surv. The figures Lending to borrowers who have only small deposits (15 per cent or less of the property’s value) accounted for 16.3 per cent of house purchases in April, [...]
UK house price growth means regional rents are now rising faster than in London May 14, 2015 London’s rental prices are no longer the fastest growing in the country. Other regions have outstripped the capital, with the south west the leader with a whopping 15.5 per cent growth in the last year. The figures According to Homelet, UK rental prices for the three months to April rose by 10 per cent, and [...]
Surveyors say housing level at crisis point as rising UK house prices and weak supply spark “national emergency” May 13, 2015 House prices across the country climbed further last month as new listings fell at their fastest rate in six years, according to a new report published today. Thirty-three per cent more surveyors nationwide, and 28 per cent of respondents in the capital, saw prices rise in April, according to the latest Royal Institution of [...]
London house prices: Allsop to auction new-build London flats online – so you can bid on a home from your sofa May 13, 2015 Bargain hunters are used to getting their hands on decrepit "fixer-uppers" at auction. But for the first time ever next month, they will be able to get their hands on a set of sparkly new flats – in an online auction. Auctioneers Allsop will sell off homes at the West Drayton Waterside development, on the [...]
UK house prices: Barratt Developments storms to highest ever number of forward sales May 13, 2015 Housebuilder Barratt Developments just beat its record for the highest number of forward sales. UK house price growth may have slid from the dizzying heights of last May, but Barratt is reaping the benefits of consistent market growth. The figures Throughout the 19 weeks to 10 May, Barratt said: “market conditions have remained strong throughout [...]
General Election 2015: Tory election victory triggers London luxury property market surge as mansion tax fears dissolve May 10, 2015 In the hours after it became clear that the Tories had won a majority government at the general election, London estate agents reported a surge in luxury property sales as buyers' fears over Labour's proposed mansion tax were allayed. Over £100m worth of top-end central London property was sold on a frenzied Friday as estate [...]
UK house prices: Growth slows for the first time in 2015 May 8, 2015 UK house price growth has fallen on a three-month basis for the first time in 2015, according to Halifax. The figures For the three months to April 2015, house prices in the UK grew 2.2 per cent, lower than the last three months, when it was 2.6 per cent. On a monthly basis prices rose [...]