House price inflation is forecast to continue tailing off as the property market softens, with Halifax revealing today that annual gains had slipped to 5.8 per cent. This is down from a 12-month high of 10 per cent, recorded in March this year, although Halifax showed house prices nudged up 0.1 per cent in September after two months of falls....read
House prices have slipped almost £3,000 since June, Halifax revealed today, as it reported that property values dipped for the second month in a row.
Brexit worries coupled with a summer holiday slowdown saw the average asking price fall by £3,602 in August, as questions hang over the housing market.
If the new Chancellor Philip Hammond manages one major achievement before the 2020 General Election, my hope is that he weans the British economy off its property market addiction.
Nationwide said house prices rose 0.2% during the month lifting the average property to £204,968. On an annual basis inflation rose to 5.1%, up from 4.7% in May.
This calculator will not only give you a pretty good idea but it also allows you to track its progress over the boom years.
New buyer demand slumped 46 per cent in April, said national estate agency Haart and its boss warned sellers need to now be 'more realistic with their asking prices.' Paul Smith, chief executive of Haart – which has 100 branches nationwide – says there is 'trouble in paradise' for Britain's property market....read
Across London, the most expensive part of the UK, average property prices could be roughly £7,500 cheaper if a Brexit goes ahead, the Centre for Economics and Business Research said.
For the first time since 2008, expectations for house sales have dipped into negative territory, the Royal Institution of Chartered Surveyors said.
The average property price rose by 1.7 per cent last month to £212,430 and house prices have risen by more than £2,000 a month since last summer, the Halifax index showed.
House prices increased by 0.3 per cent month-on-month in January and the pace of price growth is poised to pick up further in the coming months, according to Nationwide.
Work out how much extra or less you would pay on your mortgage if your lender changes the rate you are paying. Enter a negative value eg (-0.25) for a rate cut.
A ray of light has emerged for squeezed first-time buyers, with a jump in starter homes coming to the market helping prices for them to almost stall over the past month. Rightmove said the average asking price rose 0.5 per cent in the month to mid-January, while the average first-time buyer property rose by just 0.1 per cent - or £209....read
The price of the average house jumped 1.7 per cent in December, as the average house price hit £208,286, according to the latest figures by the UK's biggest mortgage lender Halifax.
While house prices are expected to climb by an average of 4.7 per cent a year for the next five years, rents could rise by 5 per cent a year, the Royal Institute of Chartered Surveyors suggests.
Almost £7,000 has been added to the cost of the average UK home over the past year, according to the Nationwide index, which showed house prices up 3.7 per cent, in November.
Prices have been pushed up as first-time buyers go head-to-head with buy-to-let landlords, property listing website Rightmove warned.
After a slowdown earlier this year, the London market appears to be continuing to push ahead of the rest of the UK. We look at the latest figures.
Property market growth has continued to cool with house prices up 4.2 per cent compared to a year ago, Land Registry data shows.
For many who work in the UK's key occupations getting on to the housing ladder is a pipe dream as it would take literally hundreds of years to save for the deposit.
With demand continuing to outstrip supply, house prices in major cities increased by 4.3 per cent to an average of £227,100 in the three months to July, Hometrack said.
House prices rose by £1,000 a month over the past year with the East of England recording the biggest gains, according to new official figures.
The average home still costs almost £13,000 more than a year ago, at £198,833, with prices up 7.9 per cent annually, according to Halifax.
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