Buying Property
New data from AA Financial Services recently revealed that the number of British adults who say they want to move from renting to buying their next home has doubled during the course of 2018, up from 24% to 58%.
Purplebricks says it has seen year-on-year revenue growth of about 20 per cent despite what its chairman calls “a challenging UK housing market … driving a shakeout in the industry.”
New data from Barclays Mortgages suggests Britons are now likely to stay in their homes for almost 19 years between house moves – a far cry from the seven years which was the average before the global financial crisis.
The LonRes data consultancy that monitors transactions right across prime central London says Brexit is the single biggest factor impacting the market – where prices now are 3.0 per cent lower than a year ago.
Investors in housing shouldn’t worry about dramatic rises in interest rates – because the high rates of the 1970s were a ‘one-off’.
Ministers have launched a consultation on tax rules for second and holiday homes in England which could affect around 47,000 holiday lets in the country.
Over half (54%) of mortgage applicants who’d fallen out of the application process were denied a home loan for reasons that could be considered ‘normal’ by most people, such as being self-employed or contract workers, Together has found.
There were 3% more buy-to-let mortgages in significant arrears of more than 10% in the third quarter of 2018 year-on-year, UK Finance’s Mortgage Arrears and Possessions Update has found.
Property prices in the UK increased by 1.5% in the 12 months to October 2018, down from the 2.5% annual growth recorded in September, the latest lender index shows.
New property listings fell by 5.5% across the UK in October, and by 6.8% in London, according to the latest housing supply index.
Australia is the safest country for real estate investment, followed by the United States and the Netherlands while Venezuela is the least safe, according to new research.
The Financial Conduct Authority is exploring ways to provide ‘additional flexibility’ to help mortgage prisoners.
Home owners released £76,967 of new property wealth in the three months to 1 October, nearly £5,500 more than in the same period last year, equity release adviser Key has found.
One in four homeowners (23%), the equivalent of 2.5 million people, experienced stress during their most recent mortgage application, online mortgage broker Trussle has found.
Three Halifax customers will win their mortgage paid off in full, following the launch of the Halifax Mortgage Prize draw.
Sales in London’s prime property market are weakening as Brexit approaches, however pent-up demand is building, according to the latest market analysis.
A commission to champion beautiful buildings as an integral part of the drive to build the kind of new homes communities need has been announced by the Government.
The Government’s target of building 300,000 new homes a year in England is under threat with a new forecast suggesting it will be some way short of fulfilling the aim.
A new £15 million crowdfunding property development project in Altrincham, Great Manchester, could be the largest project of its kind ever attempted in the UK.
The number of British expats living in Spain has dropped by 40%, according to Spanish newspaper El Pais.
