UK house prices: Number of risky mortgages grows 64 per cent in five years May 6, 2015 In the aftermath of the subprime mortgage crisis, you'd have thought lenders had learned their lessons – but perhaps not, after a new study suggested the number of risky mortgages sold in the UK has risen 64 per cent since 2010. Using last year’s data from the Bank of England, Moore Stevens, an accountancy firm, [...]
Mansion tax: The real losers of Labour’s policy may never be identified May 5, 2015 An exciting email pinged into my inbox at the end of last week. It was a link to the contents of the latest issue of the American Economic Association’s journal Economic Policy. For most people, these publications are not usually as gripping as, say, a Ken Follett novel. But nestling among the thickets of algebra, [...]
You could now live in the house with the “finest view in England” May 5, 2015 The best view in England could soon be yours, now that a 2 grade II listed Georgian manor house is being leased out in Oxfordshire. Woodstock House is directly adjacent to Blenheim Palace, and therefore gets to share the views of its 2,000 acres of parkland. Designed by landscape architect Sir John Vanburgh in [...]
General Election 2015: The property market is freaking out at the prospect of a Labour government May 5, 2015 The property market is terrified of Labour-led government, one of the UK's largest property search websites has suggested, thanks to the prospect of falling house prices and rising interest rates. More on this story: How Tony Blair presided over the biggest rise in UK house prices in recent history According to Zoopla, Labour's policies on [...]
Here are the most expensive places to rent outside of London May 1, 2015 A short supply of housing means London is becoming ever more crowded, which is stretching resources, pushing up prices, and prompting people to move further out. But before you make the leap into a cosy commuter town, it isn't necessarily any better elsewhere, as rents are still pretty high and you'll have to pay through [...]
London house prices up 11pc in March as repossessions plunge April 30, 2015 London house prices jumped 11.3 per cent year-on-year in March, figures released yesterday by the Land Registry show. It compares with 5.3 per cent property price gains for the whole of England and Wales. Read more: The one region where house prices are falling “Much has been done to ensure that people have [...]
UK house prices: Land Registry data shows the one region where they’re falling annually April 30, 2015 UK house prices fell again in March, and the decline was particularly marked in the North East, where house prices are now falling annually. Official Land Registry data, which runs slightly behind because it uses price paid as opposed to asking price, showed average house prices in the North East fell 0.4 per cent between February [...]
General Election 2015 mapped: Conservative strongholds enjoy house price growth almost triple Labour areas April 30, 2015 Conservative stronghold constituencies have enjoyed the biggest jump in house prices since the last election, with a rate of growth almost three times higher than Labour majorities. Data compiled by online estate agents HouseSimple.com reveals that areas which elected Conservative MPs in 2010 were far more likely to enjoy the effects of the UK property [...]
UK house prices climb to new heights in April due to “surplus in demand which is outpacing supply” April 29, 2015 House prices climbed higher in April, new figures from a major mortgage lender reveal. Annual house price growth edged up to 5.2 per cent in April from March’s 5.1 per cent. The average UK house price is now a £193,048 – the highest on record. Housing analysts blame a lack of supply for [...]
Only 43 homes listed for sale in London are “affordable” for the average family April 29, 2015 Just 43 homes listed for sale in London are classified as "affordable" to the average family, new research has suggested. That's 0.1 per cent of the market – and it includes houseboats and a mobile home. The study, by housing charity Shelter, found 34 of those properties has "incorrect information" in their listings, were likely [...]