Price growth in key UK cities has slowed to more sustainable levels as the market adapts to a changing profile of demand, resulting from tax and policy changes and increased mortgage regulation, the latest index report suggests. Overall the annual rate of house price inflation has moderated to 1.9% and 12 cities covered by the […]
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There was little change in UK house prices in August, up just 0.6% year on year and flat month on month, according to the latest lender index. This took the average price of a house in the UK to 216,096, with annual house price growth below 1% for the ninth month in a row, the […]
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Properties in England have seen the strongest rental growth in the UK in the past five years, rising by 15.6%, the latest lettings figures show, Wales the weakest. In Scotland rents have increased by 14.7% over the same period and by 11.5% in Northern Ireland while in Wales they have risen by just 3.11%, according […]
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A failure to adopt a more joined-up approach to planning the UK’s towns and cities will make it impossible to meet the challenges of climate change, population growth and environmental risks over the coming decades, according to planners. A new report from the Royal Town Planning Institute (RTPI) highlights the complex and fragmented approaches to […]
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A third of house buyers in Britain turn a blind eye to serious structural issues and risk losing thousands, according to new research. Overall, more than half don’t even check for major issues such as rising damp, central heating, electrics, and structural problems, the survey from Atom bank has found. Some 54% admitted to not […]
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The majority of self-employed workers in the UK, some 71%, believe it’s harder for them to get a mortgage and blame unfair application processes. Overall some 22% believe that they are being ‘penalised’ for being self-employed, 33% say gathering the necessary documents for a mortgage application is a challenge as they generally are asked to […]
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There has been a consistent rise in residential property owners looking to let their property, with a 15.3% increase across London from January to August this year compared to the same period in 2018. Properties on the market through real estate firm JLL have increased across the capital, though there are notable hotspots in key […]
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Gross mortgage lending across the residential market in the UK reached £24 billion in August 2019, down by 3.2% compared to the same month in 2018, industry figures show. There were 85,931 mortgages approved by the main High Street banks in August 2019, according to the data published by industry organisation UK Finance. Mortgage approvals […]
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The price premium being paid for a freehold property by home buyers in England and Wales is at its highest since 2011, enhanced by issues relating to leaseholds, new research suggests. Using property transaction data, estate agents Benham and Reeves found that the price gap between a leasehold and freehold property was 14.3% in 2011, […]
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There was a 1.2% rise in residential property sales in the commuter Counties around Dublin in the first half of 2019, but transaction values fell by 0.6%, the latest analysis shows. The biggest jump in transactions was in Louth with sales up by 22.6% and the value of transactions up by 28.6%, according to the […]
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