UK house prices: Babies born today will pay £3.4m for their first home April 21, 2015 If the current generation of first-time buyers thought they had it bad, spare a thought for the children born today, who will have to pay several million pounds for their first home, research has revealed. A study by online estate agent Emoov found that, given house price inflation – which has averaged out at 8.6 [...]
UK property prices: Half of parents worried their children will never own a house without inheritance April 21, 2015 Even with house price growth more muted than it was, first-time buyers are still finding it hard to climb the first rung on the property ladder. Now research has shown that parents are so worried about their offspring's inability to buy a house that they think the only way they will be able to buy [...]
UK house prices at record high as growth slows amid General Election uncertainty April 16, 2015 The average price of a property across England and Wales was at a new record last month, despite March seeing the smallest annual change in house prices since November 2013. A house now costs on average of £275,123. This is a 5.6 per cent annual rise, equating to £14,620. However, in London and the south [...]
UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
General Election 2015: McCarthy & Stone CEO Clive Fenton wants a retirement housing plan April 15, 2015 ELECTION COUNTDOWN: 21 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. CLIVE FENTON: CEO, MCCARTHY & STONE Every political party claims the chronic housing shortage is critical in the UK, [...]
Zoopla: Labour win in General Election would be bad for housing April 15, 2015 Zoopla, the online property portal, says that a Labour victory in next month’s General Election would be bad for the housing market. The firm believes that the party’s policies could have a particularly negative impact on first-time buyers. Zoopla say Labour’s proposal to restrict banks and building societies that accept deposits under the new Help [...]
General Election 2015: The 10 key points of the Conservative Party manifesto April 14, 2015 David Cameron has launched the Conservative Party manifesto ahead of May’s General Election, promising the “good life” for Brits, with pledges on housing, childcare and increasing the personal tax allowance. At the launch in Swindon, Cameron promised to “finish the job” of fixing the economy and sought to win over voters heading to polling stations come [...]
General Election 2015: Uncertainty hangs over UK mortgage lending data April 14, 2015 The uncertainty surrounding the General Election hit mortgages in February, as lending dropped, with the total number of loans falling one per cent on January’s figure and 16 per cent compared to last year. The figures According to the Council of Mortgage Lenders (CML),a total of 40,600 loans valued at £6.8bn were granted in February, meaning the [...]
General Election 2015: Virgin Money CEO Jayne-Anne Gahia wants a strong leader who will back business April 13, 2015 ELECTION COUNTDOWN 23 DAYS Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. JAYNE-ANNE GADHIA: CEO VIRGIN MONEY I will vote for the party who has the strongest leader. Leadership is essential for success [...]
Housing market sees a burst of spring activity as valuations rise April 13, 2015 PROPERTY valuations in March have risen by their highest levels since 2007, according to surveyors. Valuations increased 36 per cent on the month and 42 per cent compared to last year, new figures released by estate agent Connells show. First time buyer valuations nearly matched the rest of the market, rising 33 per cent on [...]