UK house prices: Housebuilding won’t meet demand, so will 2015 lead to a worsening supply shortage? December 29, 2014 Despite the slowing housing market, a surplus of demand and dearth of properties could lead the housing market into crisis in 2015. A survey by the National Association of Estate Agents (NAEA) has revealed many of its members believe that government plans to build new homes will not do enough to sate demand. [...]
UK house prices 2014: Which area saw the most growth? December 28, 2014 After a roller-coaster year for house prices the results are in: the London borough of Greenwich is the place for price rises. According to data from Halifax, house prices in Greenwich rose 24.6 per cent over the course of 2014, far above the national average of 8.5 per cent and almost twice that of the [...]
Where could you buy a house for your salary in the UK? Use our property price calculator to find out how much real estate you can afford December 23, 2014 Click on the buttons in the top right to reveal the layers Inside every Briton is a property investor trying to get out. Our neighbours in continental Europe love to rent, but an English person’s home is his or her castle. There is just one barrier to this dream of home-ownership: house prices have risen [...]
London house prices and UK rent rises to slow in 2015 December 18, 2014 London house prices are set to stall in 2015, the Royal Institution of Chartered Surveyors (RICS) said today. Prices in the UK are forecast to grow by three per cent in 2015, yet in the capital growth will be zero. Rents in the UK are expected to increase by just two per [...]
Huh? Rightmove offers real-time data technology as the battle of the property portals heats up December 18, 2014 As online property portals draw their battle lines in the fight for estate agent loyalty, something weird's going on. Rightmove has just offered the technical specifications for its real-time data feed to its rivals. For free. It might sound like a small thing, but in an industry where technology is moving fast, Rightmove's speedy listings [...]
The UK’s “tiniest detached property” goes on sale for £100,000 December 18, 2014 Into minimalism? This might be the home for you. A home dubbed "Britain's smallest detached house" has gone on sale through local estate agent Haybrook in Sheffield, with a bargain price tag of £99,950. Built on the grounds of a mansion which has since been turned into flats, the Coach House in Brincliffe [...]
This £45m mansion could have just netted the government £5.3m in stamp duty December 18, 2014 A 19-bedroom Mayfair mansion that's just been sold with an asking price of £45m may have just made the government £5.3m. Seven Balfour Place from the outside The 13,000 sq ft mansion, on Balfour Place, also comes with seven reception rooms, six kitchens, 17 bathrooms and a roof terrace. The company in charge of selling [...]
In charts: UK house price growth slows but first-time buyers still feel the pinch December 16, 2014 First-time buyers are paying 12 per cent more this year than at the same point last year, according to data from the Office for National Statistics (ONS). The ONS revealed house prices were flirting with stagnation in October, when they increased just 0.1 per cent on a month-on-month basis. After yesterday’s data from Rightmove showed [...]
Mortgage rates lowest since 2007 December 15, 2014 Record price cuts have taken mortgage rates to their lowest rates since 2007, a mortgage broker said today. The average interest rate on two- year tracker mortgages – that track some interest rate, typically the Bank of England’s base rate – dropped by 0.28 per cent to 2.38 per cent in the three months to [...]
Barratt, Taylor Wimpey and Bellway among 16 national house builders to sign up to government’s Starter Homes initiative December 15, 2014 Some of the UK's biggest property developers have signed up to a new government scheme designed to help first-time buyers get a foot on the ladder. Avant, Barratt, Taylor Wimpey and Bellway are among 16 house builders to have put their name to the scheme, which offers first-time buyers under the age of 40 [...]