General
Rightmove announced both revenues and profits up in the first half of this year, driven by growth in its agency and new homes business.
Countrywide shares endured a miserable day on the market yesterday after the country’s largest agent reported half-year profits down by 98% compared with the same period a year ago.
Young professionals — rather than students — now make up the majority of the house sharing rental market, with 63 per cent of those renting a room now in relatively well-paid white collar jobs, according to a new report.
Nearly half of the UK property market’s homeowners have made large changes to their homes in the last year.
The average price of a home in the UK stood at £221,000 in May, up by around £10,000 from the corresponding month last year, the ONS said, with England seeing the biggest hike in prices, with growth of 5%.
The rate of inflation fell unexpectedly to 2.6% in June from 2.9% the previous month, led by lower oil prices.
Equity release lending will surpass £3bn in 2017 after breaking the £2bn barrier last year, Key Retirement has predicted.
It’s not happening here (yet) but several articles on US websites have started talking up the possibility of Amazon going into the online house sales business.
Over a third more people in the UK aged over 50 are using equity release to make improve their home and lifestyle in the last five years, according to new research.
Equity release customers are increasingly contacting advisers to see if they can get a better deal as rates continue to fall, Bower Retirement research indicates.
The Bank of England has ordered banks to put aside an additional £11.4bn to deal with a potential economic slowdown.
The baby boomer generation own more than half of Britain’s £11 trillion of wealth while younger generations are missing out, a new report finds.
Barclays, its ex-chief executive and three others have been charged by the Serious Fraud Office (SFO) with conspiracy to commit fraud and for providing unlawful financial assistance during the financial crisis.
Labour leader Jeremy Corbyn has renewed calls for the government to seize empty properties in London and end the practice of land-banking.
Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation’s assets – worth about £11 trillion.
A proposed amendment to the government’s Housing and Planning Bill which suggests landlords are required to make homes ‘fit for human habitation’ may be reconsidered following the fire at 27-storey residential block Grenfell Tower this week.
The Bank of England has voted to leave interest rates at 0.25% despite the Fed in the US raising rates yesterday.
A host of self build celebrities, including Kevin McCloud of Grand Designs and George Clarke of Amazing Spaces, have backed the National Custom and Self Build Association’s (NaCSBA) call for the next government to make fixing the UK’s ‘broken’ housing market a priority.
An increased number of homeowners are reaching out to mortgage brokers as they look to manage their money effectively, LMS research shows.
