Yearly archives "2016"

145 Articles

UK residential prices set to grow 3% in 2017

Residential Prices in UK will see an average increase of 3% in 2017 and sales numbers are likely to be stable. According to RICS (Royal Institution of Chartered Surveyors), the shortage of supply will continue and this could be the main driver behind higher prices while rents are expected to increase by up to 3%, Read More

Residential price growth raised in Scotland

Residential price growth in Scotland is growing faster than in England. According to the Move/Acadata index, Prices increased by 1.5% month on month, taking the price of an average property to £172,561 and are now 2.9% higher than a year ago. It also shows that sales were down 3.6% in the third quarter of 2016 Read More

UK rental listing increased 7% in November

New rental listings in UK up by 7% in November. The second month in a row of positive growth, with almost 60% of towns and cities seeing a rise. Four cities recorded triple digit increases in new rental supply, including Bristol which was up 162.8% compared to October but London recorded a fall of 1.2% Read More

Home rent growth increases in London

Properties in London are so expensive. The research looks at average monthly rental prices for one and two bed flats in London where there is a severe shortage of affordable properties to rent or buy and examines how much it would cost for an average three bed house in all 33 London boroughs. Dan Gandesha, Read More

House prices in UK cities up 8.4% year on year

Property prices in UK cities are continuing to rise up 8.4% year on year. According to the data from the Hometrack city, the impetus for house price growth is shifting from the affordability constrained cities in southern England to cities in the Midlands and the North of England where affordability remains attractive. Many of these Read More

Residential property sales increases in UK

Residential property sales up 1% between September and October compared to the previous month. According to Stephen Smith, director of Legal & General Housing Partnerships, despite the annual fall in sales, the monthly rise is a positive although overall the figures reiterate the unpredictable nature of the housing market. These figures confirm that the appetite Read More

Property prices in Scotland positive post Brexit

Property prices in Scotland increased by 0.6% month on month in September. According to the Move/Acadata house price index, there was strong growth at both the top and bottom of the Scottish housing market in the year with three areas seeing property price growth of more than 10% in the last year. Edinburgh remains the Read More

Remortgage drive increases in UK

Mortgage lending is being driven more by remortgages than new buyers due to a lack of supply in the current housing market. According to the Council of Mortgage Lenders, It has reached an estimation of £20.6 billion but is 5% lower than October last year when it was £21.8 billion. Mohammad Jamei, CML senior economist: Read More

Low interest rates in UK benefitting home seekers

Home borrowers in UK benefitting from low interest rates with all making savings. The interest rate gap between low and high loan to value mortgages in the UK has reached a year-long high. According to AmTrust/Moneyfacts, Average rates have fallen three times faster for those with bigger deposits compared to those with small deposits since Read More

Buy to let lending in UK increases

Buy to let lending in UK still well below levels a year ago. According to the figures from the Council of Mortgage Lenders, gross buy to let lending declined in September compared to August and remained down on year earlier levels but, on a quarterly basis, lending went up in the third quarter compared to Read More