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 [...]
Nationwide House Price Index: UK house prices hit a new record high April 29, 2015 UK’s house price growth rose by an annual rate of 5.2 per cent in April, a small rise from March’s figure of 5.1 per cent. This put the average cost of a house in the UK at £193,048, the highest since records began. The figures According to data from Nationwide, UK house prices rose one per [...]
London house prices: West End buyers shrug off stamp duty rise and mansion tax threat as sales rise April 27, 2015 The West End residential market saw no let up in activity over the first quarter of the year, figures show, despite changes to stamp duty and the threat of Labour’s proposed mansion tax. Property advisory firm CBRE said sales transactions jumped by 33 per cent on last year as it agreed sales on £54.7m worth [...]
Miliband’s disappointing stamp duty pledge won’t make the tax less stupid April 27, 2015 Housing, and its affordability crisis, is a bigger issue at this election than in any other for decades. Sadly, that hasn’t translated into policies that could effectively solve the problem, and yesterday’s announcements by Labour leader Ed Miliband will not change that. Labour plans to introduce a three-year stamp duty exemption for first time buyers, [...]
General Election 2015: Labour bids to woo first time buyers with stamp duty pause April 27, 2015 Labour will today announce that it would scrap stamp duty for first-time buyers on properties worth up to £300,000, for the first three years it is in government. The move is seen as a bid to win over younger voters and pull ahead of the Conservatives, as polls continue to show the two parties neck-and-neck [...]
General Election 2015: Rent controls pledged by Labour to woo “generation rent” April 26, 2015 Ed Miliband is seeking to woo a generation of voters priced out of the property market with a promise to stop landlords making significant increases to rents. The Labour leader has pledged to cap rent rises at no more than the rate of inflation over the term of a three-year tenancy if elected at the [...]
London house prices: Kensington and Chelsea is now growing more slowly than Bristol April 24, 2015 London has lost its housing crown: for the first time since 2005, central London price growth is being outpaced by cities across the UK. According to data from HomeTrack, the triple-threat of electoral uncertainty, mansion tax fears and affordability issues have conspired to slow growth in the country’s most-valuable areas. Boroughs such as Chelsea and [...]