Asking prices crossed £300,000 in 10 years

The average property price coming to England and Wales market has passed £300,000 for the first time. Asking prices have peaked £100,000 on average since March 2006, rising from £200,980 to £303,190 now. In 10 years the increase is 50%, showing further challenges for first time buyers and those trading up. Meanwhile, the average wage growth was Read More

Mortgage Lending leaped 30 pc year on year

Gross mortgage lending has hit its highest level for eight years after jumping 30% year on year. However, lending on total has fallen from £18.5 billion in January to £17.6 billion. According to Council of Mortgage Lenders, it is the highest lending total for February since 2008 when gross lending hit £24.1 billion. Brian Murphy, Read More

Scotland residential property market records eight year high

The Scottish residential property market has recorded the highest January home sales in eight years and average prices as well. Average Scottish house price has increased by 0.8% in January over £170,000, which is up from 0.3% the previous month. According to Your Move data, Sales in the first month of 2016 has increased by Read More

House price growth doubles month on month

The rapidity in house price growth has got doubled due to a sturdy increase in buy to let sales ahead of April’s stamp duty surcharge, new figures show. The average property price in England and Wales peaked over £2,200 in February, with a rise of 0.8%, meanwhile which is double of January’s 0.4% increase. According to Read More

House price rise expected to slow down

House prices are continuing to rise meanwhile there are warnings for a slowdown by property experts, new figures show. According to the latest Halifax house price index, the prices in three months to February were 9.7% higher year on year. Martin Ellis, Halifax housing economist, says: “Prices are being driven by a major imbalance between Read More

Bridging in the UK exceeded 3.5bn in 2015

Gross annual bridging lending in the UK exceeded the £3.5 billion barrier in 2015. According to West One Bridging index, the bridging sector is now expanding considerably faster than the mainstream mortgage market, which only grew 8% in the whole of last year according to the Council of Mortgage Lenders. But despite the growth, the Read More