Sales to first time buyers in the UK fell in October to the lowest figure seen since February and demand dropped 11% month on month, the latest data shows.
The value of privately owned homes in the UK had risen by £1.94 trillion over the last decade with over half of this increase in London and the South East, new research shows.
House prices in Leeds, Manchester and Birmingham could feasibly rise by between 20-25% in the next three years, Hometrack has predicted in its UK Cities House Prices.
Remortgaging activity has increased significantly in recent months, helped in no small part by record low mortgage rates and continued house price rises across some parts of the country.
Data from Hometrack shows that the gap between average earnings and house prices has reached an all-time high in London.
The London-focussed estate agency Cluttons says chains in central London are becoming increasingly fragile thanks to general uncertainty in the wider economy leading to more nervous purchasers.
First-time buyers have started taking a bigger share of the market, to the detriment of cash and buy-to-let purchasers.
New builds account for less than 14% of all properties sold in England and Wales last year with the most sold in Cambridge and London and the least in Oxford and Ipswich, new research shows.
The private rental market in the UK is slowing signs of slowing with the number of properties letting agents managed per branch falling to a 12 month low in October.
Micro apartments are often criticised as being too small and like rabbit hutches but a new survey has found that 71% of people in the UK support the concept.
Research has revealed there are more than twice as many millennial millionaires in US cities than anywhere else in the world.
There has been a notable decline in the number of people living in rented accommodation, new research suggests.
Buy-to-let landlords could soon be hit with an empty homes tax after the Chancellor Philip Hammond yesterday gave local councils the ability to increase the council tax premium on empty homes from 50% to 100%.
Buy-to-let landlords receiving rent from tenants in receipt of Universal Credit will continue to be paid housing benefit directly, rather than via their tenants, it has been confirmed.
Tenants are expecting to find and move in to new rental accommodation in ever-shorter periods of time.
One of Britain’s best known and highest profile buy to let specialist lenders says the number of new BTL mortgages being taken out has dropped since a raft of new restrictions and regulations were introduced by the government.
It’s been discovered that a Capital Gains Tax measure buried in the small print of the Budget is likely to hit companies that own buy to let properties.
The government has defined the ‘first time buyers’ who will benefit from its immediate scrapping of stamp duty for FTB purchases below £300,000.
A survey suggests that over 10 per cent of existing homeowners have been deterred from selling thanks to the recent interest rate rise – the first for a decade.
A comprehensive new house building programme is needed if the UK is to see the 300,000 new homes a year that has been promised by the Government.