Converting empty spaces above shops could help reverse the current housing shortage in many part of the UK, according to new research.
Average property values in the UK fell by 0.5% in October 2017 but are still 4.5% higher year on year at £223,807, according to the latest official figures.
Sales of million pound plus properties in the UK, most notably in the North West and Yorkshire and the Humber increased strongly in the first six months of 2017m new research shows.
First-time buyers will no longer have to own a residential property in order to access finance from Barclays to invest in the buy-to-let market, after the bank extended its buy-to-let range to enable applications from those acquiring their first property and non-owner occupiers.
The Halifax reports that house prices in the last three months, that’s between September and November, were 2.4 per cent higher than in the previous quarter – the fastest quarterly growth rate since the very start of 2017.
Rightmove is warning that the asking price of property coming to market has fallen by 2.6 per cent in the past month – equivalent to £8,178 on an average home – and this is the largest monthly fall for five years.
The investment service arm of international ratings agency Moody’s is warning that affordability issues are likely to lead to a slowdown in house price growth in the UK – a view echoed in the forecast for the capital’s housing market by Winkworth.
The safety net for homeowners facing financial difficulty has been scaled back over the last decade, a report commissioned by UK Finance has concluded.
One in four home owners in the UK want to move within the next five years but the cost of doing so is making it hard to move up the ladder, according to new research.
Rent prices will continue to rise while rental stock falls in the UK in 2018 with the abolition of stamp duty for many first time buyers unlikely to have much of an impact, according to agents.
The abolition of stamp duty for most first time buyers in the UK should help to boost the housing market at the beginning of 2018 but overall next year is expected to be steady and stable.
Following a decade of growth in residential mortgage lending, the aftermath of the 2007 financial crisis saw a sharp contraction in mortgage sales, suggests research from the FCA’s Data Bulletin analysing regulated mortgage lending over the last ten years.
First-time buyers have been the strongest part of the market, lending £50.5 billion in 2016, which is over 10% higher than in 2007 (£45.3 billion), figures from the FCA data bulletin show.
The total value of privately owned properties in the UK has increased by £1.94 trillion over the last decade, surpassing £6 trillion for the first time.
One of the last major estate agencies to give its forecast for 2018 says London prices will drop another 0.5 per cent next year, following what it believes will have been a 1.0 per cent fall in 2017.
A relaxation of withdrawal allowanced by the Reserve Bank of India has resulted in more Indian buyers looking for property in London, it is suggested.
The average deposit put down by first time buyers in the UK is £51,821 which could rise to £65,930 in five years and in 10 years reach £81,468, according to new research.
Residential property prices in the UK increased by 2.4% in the three months to the end of November, the faster growth for this measure since January, the latest index shows.
House prices in key cities around the globe increased by 5.1% in the 12 months to September 2017, down from 6.3% in the second quarter of the year and the lowest rate of annual growth since the start of 2016.
A new £25 million fund has been launched to help local authorities in England deliver more high quality, well designed homes.