BREAKING PROPERTY NEWS – 01/06/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Help to Buy scheme to end in October, what now for new home sales? It has been seen by many as a ‘middle class’ way to get their children on the housing ladder, whereby buyers can get 20% of a property as an equity…

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Sales volumes likely to slow…..

UK Cities House Price Index June 2016 released today headlines ‘Sales volumes likely to slow with price growth moderating post Brexit’ According to research published by Hometrack….The rate of city level house price is starting to plateau after a strong first half of the year, house prices rose by 10.2% in the year to June.…

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June House Prices rise by 0.6%

LSL Property Services / Acadata England and Wales House Price Index (HPI) June 2016 headlines ‘House Prices in June continue to rise by 0.6%’.   Transaction numbers climb back to 2015 levels but Brexit looms large London house prices fall 1.4% (£8,400) month – on – month – largest fall since May 2011 Slough and…

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City Level House Price Inflation Continues to Increase

The latest Hometrack UK Cities House Price Index released in May for April reveals the rate of city level house price inflation continues to increase after a strong first quarter. Year on year growth is running at 10.4% compared to 6.6% twelve months ago when growth had slowed in the face of uncertainty over the…

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Drop in demand from Buyers according to RICS

RICS reported in their most recent UK Residential Market Survey, that house prices will continue to move higher, despite the big drop in demand, as  fewer sellers  were putting their property on the market and that  there was a long-term shortage of housing. The sharpest fall in demand in April came in London which is…

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Average asking price hits record high

According to the most recent Rightmove House Price Index, buy-to-let ignites chain reaction, driving prices to record high Average price of property coming to market up by 1.3% (+£3,843) to set a record high of £307,033 A last minute rush from investors to buy before April 1st helped to ignite an onward chain reaction: Stamp…

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Over 150,000 completions under Help-to-Buy

Over 150,000 people have achieved their aspiration of home ownership thanks to the government’s flagship housing scheme Help to Buy, according to a recent announcement from the Department for Communities and Local Government. Since the launch of the Help to Buy equity loan and mortgage guarantee schemes: Over 150,000 completions under the scheme have taken…

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Halifax HPI January 2016

Halifax HPI for January shows house price quarterly growth at 2.2% Prices in the three months to January were 9.7% higher than in the same three months a year earlier. Commenting, Martin Ellis, Halifax housing economist, reportedly said: “House prices in the three months to January were 2.2% higher than in the previous three months.…

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Land Registry house price data for November

The November house price data released at the end of December shows an annual price increase of 5.6 per cent which takes the average property value in England and Wales to £186,325. Monthly house prices are up 0.4 per cent since October 2015.   The number of property transactions has decreased over the last year.…

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Rightmove predict 6% rise in 2016

According to Rightmove House Price Index report, the strongest December since 2006 and a forecast of 6% rise in 2016. In their latest report Rightmove urges first time sellers and financially-stretched landlords to sell by April, while first-time buyers may want to wait for a better deal until additional stamp duty on buy-to-let properties gives…

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Continued upward pressure on house prices

The substantial imbalance between supply and demand when it comes to purchasing a home is very likely to persist into 2016 according to the Halifax. This imbalance in itself is the most important factor that maintains the upward pressure on UK prices which are  looking expensive compared to incomes. Halifax’s housing economist, Martin Ellis, reportedly…

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