Buying Property
New analysis from buy-to-let broker Commercial Trust has highlighted the appeal of London and the South East for investors aged 50 and over.
The UK’s largest property auctioneer says its first quarter’s sales figures for 2018 are ahead of those for the same period last year.
Average house prices in the UK have increased 4.4 per cent in the year to February according to the latest official house price index from the Office for National Statistics.
Equity release lending in the UK has more than doubled in the last two years to reach £870 million in the first quarter of 2018 resulting in almost £10 million of housing wealth being withdrawn a day.
Average house prices in the UK increased by 4.4% in the 12 months to February 2018, down slightly from the 4.7% recorded in the previous month, taking the average to £225,000, according to official figures.
Generations of young people in the UK face never being able to own their own home and instead renting a property for the whole of their lives, according to a think tank report.
Mortgage lending for first time buyers, home movers and remortgagors increased in February 2018 compared to the previous year, the latest figures from the trade body for UK lenders.
The latest mortgage snapshot from e.surv has reinforced recent claims from other sources that London’s housing market remains the most difficult anywhere in the UK.
A website that monitors house prices says “red warning lights are flashing as market conditions in London and the South East deteriorate”.
Property asking prices are rising strongly in parts of the UK, led by the Midlands, Wales, and the North of England, but they are falling in London and the South East, the latest index report shows.
Yorkshire has emerged as a hotspot for first time buyers with the largest number of small deposit mortgages taken out in the region while London continues to be the toughest for those with smaller deposits.
House prices continued to increase at a relatively subdued rate during the first quarter of 2018, the Halifax House Price Index found.
Although house price rises have slowed recently a sizable proportion of British people still believe that the property market is heading for a crash within the next five years.
The proportion of first time buyers in the market is still 11 per cent below the level seen before the 2008 downturn according to property expert Kate Faulkner.
There were still 43.3% more new properties listed for sale in March than the corresponding month in 2017, the latest Property Supply Index by online estate agents HouseSimple.com found.
Older home owners are an active group in the property market in the UK with a 46% rise in housing exchanges in the first quarter of 2018 compared to the same period in 2017, new research shows.
The government has announced further measures which will, in its words, “professionalise” house buying and the estate agency business.
The latest house price index figures from the Halifax gives just the spur the market may need as the spring sales season gets into full swing.
The number of house sales falling through pre-completion during the first quarter of 2018 reached its highest level for this time of year for a decade, it is claimed.
Home owners, more so than renters, have experienced larger decreases in household income over the past 12 months, research from Lloyds Bank has shown.
London and the South East appeals most to over-50s investors
BTL landlords weary of threat posed by Brexit
Auction firm says first quarter sales show improvement on 2017
Agents warn of two-tier market as London falls but rest of UK booms
Research reveals many tenants in England don’t complain over fear of eviction