Average house prices in the UK were 0.9% higher in October 2019 than a year earlier, according to the latest House Price Index from Halifax. The average price of UK house currently stands at £232,249. There was a slight dip of 0.1% in prices between September and October, but prices rose 0.2% quarter-on-quarter. Seasonally adjusted […]
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ONS data revealed that from April 2017 to March 2018, 60,000 affordable homes were built, bought or rehabilitated. Some 47,100 were in England, 8,600 in Scotland, 2,300 in Wales and 2,300 in Northern Ireland. Marc von Grundherr, director of Benham and Reeves, said: “If you’re looking for the smoking gun behind the UK’s housing crisis, […]
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The lender aims to transform the UK mortgage market and has partnered with a number of high profile financial institutions who will supply the debt capital. The business aims to work exclusively through mortgage brokers to offer a range of competitive products. M:QUBE use data and technology to digitise and automate the entire mortgage application […]
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Newly commissioned research reveals that over one third (40 percent) of Brits find moving house more stressful than other life events, such as getting divorced (34 percent), having a baby (31 percent), starting a new job (27 percent) and organising a wedding (25 percent). Brits reported the stress and strain of moving has left many […]
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The Equity Release Council, the representative trade body for the UK equity release sector, has today launched its updated industry standards. The organisation said the changes represent the largest evolution in standards since they were established in 2012. The Council’s standards set a best practice benchmark by providing a higher level of consumer protection than […]
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First-time buyers could save more than £5,000 on the items they buy when moving into a new home depending on the month in which they make the purchases, new research has suggested. The First-Time Buyer Shopping Price Index from idealo tracked the cost of 37 home items to see how the total price varies for […]
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Cafés and restaurants have outperformed offices and retail spaces when comparing price growth within the UK’s commercial real estate market, new figures show. Analysis by HARNESS Property Intelligence examined the change in prices per square foot across shop, office and café/restaurant classes between 2010 and 2017. The analysis was focused on key regional cities across […]
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There has been a rise in the number of landlords in the UK who are planning on purchasing their next property through a limited company vehicle, according to new research. Based on 888 online interviews carried out in September 2019, almost two thirds of landlords plan to purchase their next property through a private company […]
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Housing Minister Esther McVey MP has unveiled plans for a new expert advisory council dedicated to the digital transformation of the property sector. The PropTech council will advise ministers on how to support and grow the sector further, the Government has said. It added that there would be a particular focus on how technology could […]
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The Government’s plan to build 200,000 new homes for first-time buyers in the UK has resulted in no homes being built, according to an industry watchdog. In 2014, the Government announced its target to build the “Starter Homes”, which were to be sold at a 20% discount to first-time buyers and aimed at those under […]
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