House prices see biggest monthly rise in 14 years

House prices increased by 2.5% in January which made the biggest monthly upswing for 14 years, according to latest Land Registry figures. The average house price in England and Wales has risen by £4,732 over the month to £191,812. However experts warn that there are signs the market is slowing down. Peter Rollings, chief executive Read More

Average home buying ability increases

The ability to buy an average home in England and Wales got improved last year except in the South East. According to Hamptons International’s ability to buy latest quarterly report, first time buyers saw the largest improvement of all buyer groups. North East and Wales buyers had a biggest improvement in their ability to buy Read More

Mortgage market lending rises 21% in 2016

The mortgage market has started 2016 with the rise in gross mortgage lending of 21% year on year. According to the Council of Mortgage Lenders, lending in January has hit £17.9 billion which was £14.8 billion the last year, making it as the highest total since January 2008. CML economist Mohammad Jamei says: “UK market fundamentals Read More

Valuation activity rises in 2016

The overall valuation activity in UK housing market is increased in 2016 January by more than half on annual basis, according to the latest research. In total, the number of housing valuations carried out in January climbed 52% compared to January 2015. Month-on-month valuation activity across all housing sectors grew by 13% between December 2015 Read More