uk housing market

A perfect storm of soaring demand and limited supply of homes has pushed rents to unprecedented levels, according to the latest Goodlord Rental Index. Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you. The average cost of renting a property in England surged by 7.5% year-on-year, shattering previous records […]

The UK housing market is anticipated to experience a buoyant autumn, driven by a potential interest rate cut and enhanced political stability, experts suggest. Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you. Lower mortgage rates, resulting from a likely loosening of monetary policy by the Bank of England, […]

UK HOME prices rose for a second straight month in April, according to official data, suggesting the housing market is stabilising after a dip last year. Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you. The average price of a home rose to £281,000 (S$482,970), a 1.1 per cent […]

With the UK general election on the horizon, many are speculating about its potential effects on various sectors, with the property market being a significant area of interest. Historically, elections tend to bring a degree of uncertainty, and this one is no different. Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we […]

The UK’s housing market is increasing driven by older, affluent individuals already firmly entrenched in home ownership, in the latest sign that younger generations are being squeezed out. The cost-of-living crisis, skyrocketing interest rates and stubbornly high house prices have made it increasingly hard for younger generations to move up the housing ladder, research from […]

The latest research by London lettings and estate agent, Benham and Reeves shows that the W1K postcode of Westminster sits top of the table as the nation’s priciest so far in 2023. Since the start of the year, the average home sold in the postcode has gone for a staggering £8m. Westminster also accounts for […]

James Quinn, founder of GB Home Surveys, looks at the measures the Bank of England has taken to tame inflation and its effect on the property market. It is undeniable that the last 12 months have been incredibly difficult for families and businesses across the UK. From soaring energy food prices brought by the ongoing […]

Carter Jonas predicts that 2023 will be an exceptional year for the prime central London (PCL) market following a recent spike in the number of cash buyers registering to purchase property in the heart of the capital. Most recently, the Marylebone and Mayfair office has seen all cash buyers, many of whom are dollar buyers […]

Annual house price growth has slowed, and the latest monthly figures show a fall, according to Nationwide. It follows the Bank of England’s decision to increase interest rates to 3%, meaning higher mortgage costs for many. Further rate rises are expected. What is happening to house prices?In the last two years, prices rose steeply – […]

RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market. Homeowners will struggle to make mortgage repayments and repossessions will rise next year as soaring interest rates and falling prices mark the end of the UK’s 13-year housing market boom, according to a sobering report from […]

The number of house sales in August was 7.6% higher than in the same month in 2021, HMRC has revealed. The data shows that house sales were also 1.7% higher than in July. The figures are provisional seasonally adjusted estimates of the UK’s residential transactions and in August there were 104,980 properties sold. However, HMRC […]

The number of sites being developed for new homes increased 15% in the second quarter of the year compared to the corresponding period in 2021, the latest data shows. Figures from the Office for National Statistics reveal a sharp rise in housebuilding starts in April to June of this year, with 51,730 homes under construction. […]

Research by property purchasing specialist, HBB Solutions, reveals that properties which are slow to sell command an average price of up to -17% below England’s overall average house price with the biggest slow-seller markets found in London and the South East. Despite England’s housing market running red hot since 2020, some homes are still lingering […]

The UK property market proved to be resilient during the global pandemic and the biggest impact that had been witnessed was a sudden drop in enquiries – during the initial lockdown. It appeared to affect a particular section of the housing market, with a decline in queries from international buyers (unwilling to travel internationally) and […]

Consumer confidence in the housing market shows little change despite the cost of living crisis, according to OnTheMarket. The property website reports that high levels of buyer and seller sentiment continued unabated in March, with the proportion of active purchasers and vendors confident that they can purchase or sell within three months unchanged from February. […]

Demand for secured lending for house purchases lifted in the first quarter of the year and is expected to jump over the next three months, according to a Bank of England report. Banks and building societies reported a net balance of 6 when asked how demand had changed, swinging from -34.8 in the final quarter […]

Demand will outstrip supply as house prices continue to rise, according to a local property expert. Keith Moseley, the owner of X-Press Legal Services Staffordshire and West Midlands, predicts another lively year in the sector. However, he says, it’s not all bad news, with these factors supporting a resilient market, complemented by the continuation of […]

June 30th marks the end of the Stamp Duty Holiday at the current £500,000 threshold, with it set to stagger back to the normal rates before the final deadline at the end of September. But what will the end of the Stamp Duty Holiday mean for the property market, and when is the best time […]

House prices have seen record rises between March 2020 and 2021, according to new data from the Office for National Statistics. In spite of worries about the economy and the housing market since the onset of the global pandemic, property prices in Kent and the UK more broadly have remained strong. Overall, our county has […]

London firm Urbanist Architecture has seen a 65% increase in enquiries for homes in the countryside since Q4 2019, research from architecture and planning firm Urbanist Architecture has found. With the UK population confined to their homes for the majority of 2020, lockdown has caused an increasing number of city dwellers to rethink their current […]

Homes in the West Midlands are going for as much as £30,000 more than their asking prices as the housing market in the region booms after the coronavirus lockdown. Nationally, the cost of a house in the UK rose by a little over £3,000 last month as the property market hit new highs – with […]

One in four properties are listed as an Airbnb in some parts of the country, amid concerns the short-term lets are deepening the UK’s housing crisis. In Edinburgh Old Town there were 29 active listings for every 100 properties, while in the north-west Skye, there were 25 listings for every 100 properties. The analysis by […]

Property predictions for 2020 are in with a key focus on house prices, first-time buyers and Brexit. Combining data from last year, the property experts at Good Move have predicted what we are likely to see take place this year based on a number of factors. Whether you’re planning on buying your first home or […]

The price of a home in the UK has more than trebled since the turn of the century, new research has revealed. The average UK price in 1999 was £91,199 and has now risen to £279,997, representing an increase of over 200 per cent. In Scotland, prices have risen by 173 per cent, from £68,959 […]

There were less buy to let investors registering to buy property in 2018 according to new data released by estate agent Haart. The number of landlords registering to buy property with the agent fell by 36 per cent year-on-year in November when compared to November 2017. London recorded the biggest fall in property investors registering, […]

As it stands 69% of the UK’s housing equity is owned by over-55 year olds, The Intermediary Mortgage Lenders report, ‘developments in later life lending to an ageing population’, has found. The number of over-65 homeowners has risen 52% in the last 20 years while the over-65 population in general has risen just 28%, with […]

London boroughs were among the worst performing areas for rental growth last year, with Kensington and Chelsea taking the wooden spoon. According to research from buy-to-let mortgage lender Landbay, six of the bottom ten ‘rental fallers’ over the past year were all in London, including Kensington and Chelsea , Kingston upon Thames, Hammersmith and Fulham, […]

Larry Elliott suggests five steps to fix the housing market (Britain’s broken housing market – and how to fix it, 9 October) which include Kate Barker’s idea of “acquiring” large sites abutting urban areas at a modest premium to their existing use. That would effectively part-nationalise development value and might help supply, although the Tories wouldn’t […]