The average premium of a new build home in the UK over an existing property is almost a third, but in some locations the premiums is as high at 108%, new research has found. The current average price of a new build is £290,176, compared with £224,729 for an existing home, a mark-up of 29%, […]
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The latest industry figures show that gross mortgage lending in the UK in July was 2.9% higher than the same month in 2018 and the highest since March 2016. This totalled £26.1 billion and there were 95,126 mortgages approved by the main High Street banks in July 2019, the highest monthly total since July 2009 […]
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Annual house price growth remained subdued in the UK in August, up just 0.6%, and unchanged month on month, after taking account of seasonal factors, the latest lender index shows. The flat month on month figure follows a monthly gain of just 0.3% in the previous month. The average price was £216,096, according to the […]
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Rents in the UK’s private rented sector increased to a record high in July for a third consecutive month, the latest figures from letting agents shows. ARLA Propertymark’s July Private Rented Sector (PRS) report shows that rent prices rose to a new record high for the third consecutive month. The number of tenants facing rent […]
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Two thirds of aspiring first time buyers feel they are stuck in a rental trap but attitudes to shared ownership and Help to Buy are changing, according to new research. A few years ago, research would have suggested that the majority of first time buyers were not aware of such schemes available but now it […]
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Over 90,000 sales were submitted for registration by the Land Registry in England and Wales in July, official figures show. Of these 72,327 were freehold, a 0.7% increase on July 2018, and 13,632 were newly built, a 15.3% increase on July 2018. The data also shows that the most expensive residential property sold in July […]
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Take-up for July in the City of London reached 1.02 million square feet across 29 deals, more than double the 420,000 square feet completed in June and the strongest single month take-up in almost two years. The City Office Market Watch report from Savills also shows that over half, some 591,000 square feet or 58%, […]
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Two major landlord organisations are planning to join together in a move they believe will give the private rented sector a stronger voice on a regional and a national level. The boards of the National Landlords Association (NLA) and the Residential Landlords Association (RLA) have endorsed the move which will not be put to a […]
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The vast majority of mortgage intermediaries are still confident in the home lending industry outlook despite political uncertainty with 91% optimistic, a new study shows. An even greater number, some 93%, are confident about the outlook for the intermediary sector and 95% about their own businesses, according to the Intermediary Mortgage Lenders Association (IMLA). Intermediaries’ […]
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House prices near London Underground stations, zone 2 and outward, have grown by nearly 11% annually over the last 20 years, above a 9% rise across the wider borough that the stations sit in. The strongest price growth uplift of just over 3% was found around the Jubilee line and the DLR, areas which have […]
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