Where to buy? Here are 31 hotspots where house prices are set to soar May 20, 2016 Homeowners might think their investment is safe as houses. But when it comes to house price growth, not all postcodes were created equal. A list of 31 areas where house prices are set to rocket in the next five years has been put together by an estate agent. And, perhaps unsurprisingly, Greater London, the South [...]
One in three UK mortgage holders don’t know their interest rate, survey finds May 19, 2016 One in three UK mortgage holders do not know what interest rate they are on, according to a new study. YouGov and digital mortgage broker Habito, which launched last month with the mission of bringing the market into the "21st century", surveyed more than 1,200 mortgage owners. Some 33 per cent did not know what [...]
House prices of the future: London will average more than £1m while properties in much of England will be worth more than £500,000 May 17, 2016 The average price of a home might feel eye-watering today – but by the standards of 2030, they'll seem positively good value. New research claims to have estimated how much prices will go up by across Britain – and all those skinny houses and over-priced garages suddenly look like bargains in comparison. Indeed, if prices [...]
London house prices broke the £600k barrier for the first time in April, according to the latest House Price Index from Your Move and Reed Rains May 12, 2016 London house prices broke through the £600,000 barrier for the first time in April, while the value of homes in the capital has almost doubled over the past seven years. Property prices in London have risen 11 per cent (£59,605) since this time last year, surpassing all other regions of England and Wales, according to the latest House [...]
EU referendum: George Osborne warns Brexit will hit Britain where it hurts – property prices May 8, 2016 George Osborne has warned that the nation's homeowners face a double whammy drop in house prices and a rise in mortgage costs if Britain votes to leave Europe. "It’s already clear from the Treasury analysis that for example, there would a significant shock to the housing market, that would hit the value of people’s homes, that would hit the cost [...]
London house prices: Growth in prime postcodes has declined to lowest rate in more than six years May 2, 2016 Annual house prices in prime central London areas grew at their slowest pace in six and a half years in April, as the economic uncertainty and recent tax changes continued to unsettle prospective buyers. Knight Frank's latest monthly sale index released today shows that although viewings are up by a quarter over the year, the number of prospective buyers [...]
Now generation rent faces financial “time bomb” after managing to jump on the property ladder April 29, 2016 Generation rent hasn't totally given up hope of ever owning their own home – yet, anyway. But as well as the average age of the first time buyer rising to 30.4 years old, there's a new burden for them to shoulder, as worry is shifting to how and when they will pay for it all as they get older. One in [...]
First-time home buyers come roaring back despite investor surge in March April 29, 2016 The number of first-time buyers soared to its highest level in nearly two years last month, according to Your Move, in a new study which counters claims that a surge in buy to let investors has squeezed out homeowners. Homes bought by newbies rose by 48 per cent between February and March to a total [...]
When two don’t become one: Kensington & Chelsea clamps down on applications to combine homes April 28, 2016 First it was mega-basements, now joined homes are coming under scrutiny. The Royal Borough of Kensington & Chelsea (RBKC) has said it is keeping a stern eye on homeowners who want to knock properties together in attempt to meet its supply targets and prevent the loss of any more homes. Research from high-end property search firm [...]
Regular home buyers feel the squeeze as investors and second home buyers storm London property market April 27, 2016 Fewer than half of all homes sold in central London over the last three months went to regular homeowners, a new report has shown, casting a light on the extent of the housing crisis in the capital. Buy to let landlords accounted for 36 per cent of property transactions during the first three months of [...]