Yearly archives "2017"

36 Articles

Property price in England and Wales down 0.2%

Property prices in England and Wales fell by 0.2% in July. According to the Your Move, the average price is now £298,906 and sales fell by 9% in July although yearly activity shows regions such as London and the East of England are continuing to grow strongly. Every region across England and Wales recorded annual Read More

Highest rental growth in East of England

The East of England is seeing house rents rise almost four times the average for the UK with annual growth of 2.35% in July compared to a national rise of just 0.64%. According to the report from Landbay, Rents have increased by 4.23% in Luton, by 3.75% in Peterborough, by 3.56% in Thurrock and by Read More

House price growth in Scotland up by 0.6% in May

Average house prices in Scotland increased by 0.6% in May 2017. According to the Your Move report, Price growth is slightly slower than in England and Wales where it was 4.3% in May. The market in Scotland is being driven by demand from first time buyers and weak supply and the average price is being Read More

Property sales in England and Wales down by 3.3%

As per the record, Property sales in England and Wales fell by 3.3% between May and June 2017 but this was 1% higher than a year ago. According to HMRC, Non-residential property sales fell by 5.5%, some 10.3% lower compared with the same month last year. However, Caution should be used when making comparisons between Read More

House price growth in UK was 4.7% in May

Annual house price growth in UK is 4.7% at the end of May 2017. Prices in England increased by 5% year on year and by 0.5% month on month to an average of £237,662, in Wales they increased by 3.8% year on year to £150,000, in Scotland by 3.5% to £143,000 and in Northern Ireland Read More

London is to get an extra affordable homes to rent and buy

Mayor of London announced that the London is to get an extra 50,000 new homes to rent and buy over the next four years. The £1.7 billion deal with councils and housing association will result in new homes being built across the city in all 32 boroughs delivered by 44 housing providers including nine local Read More

UK housing market sees marked drop in price growth and sales

According to the Royal Institution of Chartered Surveyors (RICS), Price growth has lost its momentum across the country and activity indicators point to flat sales trend continuing over the coming months. Average stock on surveyors’ books hit a new low in June 2017, highlighting ongoing supply shortage. Looking at price inflation, some 7% of surveyors Read More