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

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

UK Government confirmed £18 million fund to speed up new residential building

UK government has announced £18 million fund to speed up new house building in England and that will provide thousands of new homes. Ministers have also announced that they intend to invite local authorities to submit proposals for new areas to be designated as housing zones. Overall there are now 26 housing zones across the Read More