Change right-to-buy to stop rural communities becoming out of reach for young families, urges Chartered Institute of Housing February 24, 2015 We've all got used to the fact that young people and those on lower-to-middle incomes are being priced out of the city. Now it seems they are being priced out of the country too. The Chartered Institute of Housing has warned that continuing the right-to-buy scheme as it currently stands is making it increasingly difficult [...]
Scotland’s prime property market leaps as buyers race to avoid stamp duty increase February 23, 2015 The number of upmarket homes being sold in Scotland jumped 88 per cent between the second quarter and the fourth quarter of last year, and more than double the figure for the first three months of the year, as buyers raced to avoid a hike in transaction costs due to take place later this year. [...]
Young Britons squeezed out of owning homes as low rates drive up UK house prices February 19, 2015 Brits in their 20s are half as likely as the previous generation to own their own home, a study from the Institute for Fiscal Studies showed yesterday, as low interest rates and a lack of construction have driven up prices. Only 20 per cent of 25-year-olds own their home now, compared with 45 per cent 20 [...]
UK house prices expected to slow but will stay at elevated levels February 19, 2015 Expectations of house prices dropped to an 18-month low this month, new figures show today. The Future House Price Index produced by estate agents Knight Frank and Markit fell to a score of 68.2, down from January’s 69.5. Any figure over 50 indicates prices are rising, and the higher the figure, the steeper the increase. [...]
London’s house prices fall 2.3pc over six months February 17, 2015 LONDON’S house price boom ground to a halt at the end of 2014, official figures showed yesterday, while prices across the rest of the country continued to rise modestly. The average British property in December cost £272,000, up 0.7 per cent on the month and 9.8 per cent on the year. By contrast, London homes [...]
Mortgage lending eases off as buyers’ frenzy draws to a close February 17, 2015 The boom in mortgage lending over 2013 and 2014 came to an end by the final months of last year, industry data showed yesterday. Last year saw a total of 676,900 home-owner purchase loans, up 11 per cent on the year and the highest number since 2007. By value, they amounted to £112.7bn, a rise [...]
UK house prices interactive: How every region has recovered from the crisis February 17, 2015 UK house price growth has been the topic of much speculation, with fears of a bubble and loud criticism of a lack of new homes. Recent house price growth has been especially strong in London, where it reach an annual rate of 20.1 per cent last May, and the capital continues to lead the country [...]
In charts: London house prices are now 2.3 per cent below their peak February 17, 2015 London house price growth is slowing along with the UK’s, according to new data. In December, prices in the capital were 2.3 per cent below their August peak, with the rate of growth slowing from 15.3 per cent to 13.3 per cent. Back in May, London prices were on an annual growth roll of 20.1 [...]
UK house prices: A return to optimism? – CNBC Comment February 16, 2015 The UK housing market is a favourite topic of conversation – a national pastime, even. But an abundance of different data types mean that statistics can swamp and confuse anyone looking to gauge the current climate. Property website Rightmove just announced its busiest ever month for house hunters, while Halifax saw its biggest January monthly [...]
UK house prices: Is the government’s pension reform about to put strain on the property market? February 16, 2015 Britain is in the grip of a property shortage, and it could be about to get worse. New legislation means that from April many pensioners will be able to cash-in their pension pots, with many expected to invest in the buy to let market. The market seems ill-prepared for such interest. Data from Rightmove, the [...]