First-time buyers completed 30% of sales in February, a seven-month high, research from the National Association of Estate Agents (NAEA) found.
Prime property price growth in key cities around the world slowed in the second half of 2018 to just 0.4% but overall increased by 2.3% across 2018, the latest international index shows.
Residential property sales in the UK increased by 1.7% between January and February and were 2.7% higher than the same period in 2018, latest official figures show.
Over 50 per cent of all mortgage products available to home buyers in the UK currently have a standard maximum term of up to 40 years.
Prices have dropped 0.5 per cent in the past year according to LSL Property Services, the parent company of Your Move and Reeds Rains.
Property prices around the world are rising but overall the rate of growth continues to moderate, with values up 4.3% in the 12 months to the end of 2018, the latest global index shows.
Average house prices in the UK increased by 1.7% in the year to January 2019, down from 2.2% in December 2018, the lowest annual rate since June 2013, taking the average price to£228,000, official figures show.
The mortgage market continued its positive start to the year, with the number of loans approved rising strongly in February compared to 12 months ago with an increase of 3.8%, the latest data shows.
Property prices in England and Wales increased by 0.5% in February, taking the average price of a home to £302,435, the latest agent index shows.
Bath is the best city in the UK for first time buyers to get on the housing ladder with job opportunities and good disposable income helping those seeking to get on the housing ladder, new research has found.
A cooling property market means prices are plummeting by more than 7% in some areas, which home finance provider Gatehouse Bank said was a boon for first-time buyers.
The average residential property asking price in Britain increased by just 0.4% this month as Brexit uncertainty ate into the start of the traditionally busier spring housing market, according to the latest index report.
Details of the Future Homes Standard 2025 announced by the Chancellor in his Spring Statement are expected to be announced soon with a consultation process promised for this Spring.
Home owners in Britain taking out equity release on their property helped 46 first time buyers a week onto the housing ladder in 2018, new research shows.
An analysis of thousands of transactions shows that homes with ‘street’ in their address produce sale prices which are almost exactly in line with national averages for the property type – but many other common addresses fall below average.
Despite being the most expensive place to live for property prices, London homes are the most energy efficient and require the least spending on bills, home improvement and energy efficient website Everest has found.
TSB has increased loan-to-income multiple caps from 4.5 to 4.75 for applicants earning over £40,000 per year.
A majority of mortgage shoppers (81%) were looking at fixed-term deals in February, compared to 80% in January and 83% in December, Experian’s Credit Barometer has found.
Two major new housing communities are to be built in London alongside new railway stations, it has been announced.
Prolonged Brexit uncertainty will further damage the housing market, the February RICS UK Residential Market Survey warned.