November 29, 2013
Knight Frank is predicting that house prices will increase by 24% in the next five years. In its UK housing market forecast for Q4 2013, published today, Knight Frank is predicting house price growth of 7% both this year and again in 2014. It predicts price growth will slow to 4% in 2015 and 3% […]
November 15, 2013
House prices have risen 5.8% since October 2012, according to the latest house price index from Nationwide Building Society. This month, prices reached £173,678, meaning the average house value has risen over £9,500 in the past year. Prices are now at their highest level since April 2008 and are only 7% below their October 2007 […]
November 8, 2013
Gross mortgage lending for the third quarter of 2013 was 32% than the same time period in 2012, according to the Council Mortgage Lenders’ latest figures. The total for gross lending in the third quarter reached £49.6bn representing a 17.6% quarterly rise from the second quarter and the highest lending amount by quarter since the […]
November 1, 2013
There were 69,140 house sales in July, up 17% from 59,141 in July 2012, according to figures published today by the Land Registry. The number of properties sold in England and Wales for over £1m in July 2013 was 1,143, up from 852 a year before. Average house prices in England and Wales grew by […]
October 22, 2013
The volume of mortgages taken out by first-time buyers in August was up by 33% from twelve months previously, according to data released today by the Council of Mortgage Lenders. A total of 27,100 loans were advanced to first-time buyers in August 2013, up from just over 20,000 last year. This also represents a seven […]
October 15, 2013
House prices rose 6.2% year-on-year in the third quarter, according to the latest Halifax house price index. Prices also rose 2.1% compared to the second quarter of 2013, leaving the average house price in the three months to September at £170,733. This figure is still 14% short of the August 2007 peak, despite eight consecutive […]
October 4, 2013
Mortgage approvals in August were up 32% year-on-year at £9.3bn according to the latest figures from the British Bankers’ Association. The seasonally adjusted figures show approvals rose 2% from July’s £9.1bn and were up 32% on August 2012’s £7bn. The monthly tally also marks a four-year high for approvals – the last time there were […]
September 27, 2013
As the market has improved one particular trend has come to light, that is that more and more homeowners are choosing to enter the landlord arena by using Let to Buy. Let to Buy is often thought of as a product for those homeowners who cannot sell their home (as a result of the economic […]
September 20, 2013
Lenders advanced £2bn to landlords in July, an 11% increase on the £1.8bn advanced in June, according to new monthly buy-to-let data published by the Council of Mortgage Lenders. The £2bn advanced in July is made up of £900m for house purchase – with the number of loans totaling 7,600 loans – and £1.1bn in […]
September 13, 2013
House prices are up 5.4% year-on-year in August, according to the latest Halifax house price index. The average price in the UK in August reached £170,231 compared to £160,292 in August 2012. Quarterly figures show that the three months to August were 2.1% up on the previous three month period. On a monthly basis there […]
September 6, 2013
Research from LSL Property Services and research consultancy Acadametrics shows that house prices hit record levels in July, beating the previous best in 2008. The England & Wales House Price Index rose 0.3% in July from the previous month with the index reaching 237.2 from 236.4 in June. The average house price across England & […]
August 29, 2013
The number of mortgage products available last month exceeded 10,000 for the first time in nearly five years, according to brokerage the Mortgage Advice Bureau. July’s average of 10,262 products is 33% higher than the 7,736 on offer last July, 97% up on the 5,208 products on offer three years ago and a massive 198% […]