On the frontline: Does a slowing rate of growth mean lower house prices? October 20, 2014 One quarter is a long time in the property market. Our Investor View reports show Q1 growth across 18 offices at 6.5 per cent, Q2 2.1 per cent and Q3 0.1 per cent. So does a slowing rate of growth mean house prices will fall? Messrs Osborne and Cameron will be hoping not, and Douglas [...]
Mortgage price war as interest rate hike prospects fade October 20, 2014 Banks slashed mortgage rates again this weekend as the prospect of monetary tightening from the Bank of England receded even further into 2015. Lenders had started increasing rates earlier this year as they believed the booming British economy would lead policymakers to raise interest rates. But the Bank’s monetary policy committee has resisted lifting rates [...]
RBS: Mortgage borrowers are not ready for interest rate hikes October 16, 2014 Borrowers are not ready for higher interest rates and could struggle to pay the bills even with a small rise in repayments, RBS chief Ross McEwan warned yesterday. Most RBS and NatWest mortgage borrowers had never experienced an interest rate rise, he said, and nationally more than 1.5m borrowers bought their house after 2007 when [...]
London house price boom set to stall in 2015 as tough new mortgage lending rules take effect October 14, 2014 House price growth is set to level off across the UK and could even be at risk of falling in the capital, according to industry experts. “It’s been indicated by the collapse in buyer in inquiries, there’s been a very sharp fall in London,” Joshua Miller, economist from the Royal Institution of Charted Surveyors, told [...]
Put your house on it …price boom ends October 8, 2014 HOUSE price growth slowed in September, an influential report from Halifax showed yesterday, adding to evidence that activity in the UK’s rampant property market was moderating. Prices rose 0.6 per cent last month and 9.6 per cent in the past year. But this still-substantial growth marks a continued slowdown from the annual growth of 10.2 [...]
Boost your budget when buying abroad October 8, 2014 Buying a property overseas is a dream for many Britons, and turning it into reality will take a lot of time and effort in finding the right property for the right price, and working through the potential language barriers to get a good deal. But with property prices in some areas of Spain still around [...]
UK house prices grow 9.6 per cent in a year, but growth is slowing. Here’s why October 8, 2014 More data showing the housing market is slowing has emerged today. Halifax, which bases its calculations on its own mortgage lending, calculates prices have risen 9.6 per cent over the year to September (down from 9.7 per cent for the year to August and 10.2 per cent for the 12 months to July) and 2.7 [...]
House prices to cool off after mortgage dip October 7, 2014 MORTGAGE lending fell significantly over the past three months, according to the Bank of England, suggesting the housing market will cool further. This is the first negative figure since the final three months of 2011 and marks a significant reversal in housing trends. House prices boomed over summer and are expected to grow 17 per [...]
Property in London: Is it a safe asset? October 7, 2014 Base rate hikes and a strong pound will dent prices, says Yogi Dewan THE EASY money in property markets was made a long time ago. That said, real estate remains the ultimate safe haven for many investors, as they consider it to be a better alternative to investing in global equities, government bonds or other [...]
UK house prices could fall due to stricter mortgage lending rules October 5, 2014 House prices could fall next year due to stricter rules on mortgage approvals and potential buyers being put off by rate hikes, according to the Centre for Economics and Business Research (CEBR). A combination of rising interest rates and tougher mortgage eligibility could depress demand significantly – enough to cause house price growth to hit [...]