Posts Tagged ‘housing market’
BREAKING PROPERTY NEWS – 19/05/2022
Daily bite-sized proptech and property news in partnership with Proptech-X. Will the Renters’ Reform Bill level up the rental sector? It is still unclear whether or not Michael Gove, the incumbent Secretary of State for Levelling Up, Housing and Communities (DLUHC) will be able to level up the lettings industry and strike a fair…
Read MoreMillion pound home sales outpacing the market
Houses for sale at £1 million and above are finding a buyer 18 days more quickly on average than this time last year, outperforming the nine day drop seen across the whole market The level of million pound homes finding buyers is also beating the wider market, with sales agreed doubling in August (+105%), compared…
Read MoreFirst week of housing market reopening in England – the stats so far
First week in the rental market DEMAND Demand for rental property is up 33% compared to this time last year as the market reopens and renters jump into action, with Monday 18th May seeing the highest level of rental demand ever recorded in one day on Rightmove STOCK & LET AGREED …
Read MoreLondoners purchased £30 billion worth of property outside the capital in 2018 according to Hamptons International
In 2018 Londoners purchased £30 billion worth of property outside the capital, this is the highest level since 2007 according to Hamptons International most recent press release. Hamptons International reveal that the average price of a home bought by a Londoner outside the capital has also risen and now stands at £398,910 – the highest level…
Read MoreOnthemarket.com highlights London boroughs where people spend the most of their salary on rent –
Data revealed by property website OnTheMarket.com has shown that, for those renting in London, Camden is the borough where tenants are spending the highest percentage of their salary on rent. The data has revealed that when renting a one bedroom property in Camden, 61% (£1,944.28) of the average person’s salary within the borough is spent on rental costs,…
Read MoreUK housing market remains resilient according to LSL/Acadata
Latest LSL Property Services/Acadata England & Wales House Price Index – May 2018 headlines ‘New builds bolster London’. Annual growth rates rise for first time in a year, however transactions down by 6% year-to-date according to HPI report. The report reveals that the UK housing market remained resilient showing a very slight rise in the…
Read MoreThe million pound plus market is most active in Cambridge reveals Rightmove
New analysis by the UK’s number one property website Rightmove reveals that the million pound plus market is most active in Cambridge, with homes on the market for £1 million or more selling twice as fast as the national average. The national average time to agree a sale to a buyer in this price bracket…
Read MoreGovernment needs to ramp up the supply of low-cost rented homes says JRF
New analysis from the independent Joseph Rowntree Foundation (JRF) shows how nearly 600 additional low-cost rented homes need to be built every week in order to fix the broken housing market and help low-income families escape poverty. JRF is calling on the Government to use its forthcoming Social Housing Green paper to commit to building 78,000…
Read MoreUK housing market continues to be weak at start of 2018 according to RICS
The latest RICS UK Residential Market Survey – January 2018 released today reveals that the UK housing market has started the new year off in a similar fashion to the closing stages of 2017. Enquiries, sales and instructions remain negative according to the survey, the picture across the country shows prices have edged higher at…
Read MoreStamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Read MoreMarked differences in trends across the country according to RICS
Released today the RICS UK Residential Market Survey – November 2017 headlines ‘Activity remains subdued in UK housing market, with little improvement anticipated.’ The report reveals that: Respondents to the November 2017 UK Residential Market Survey suggest activity will continue to be impacted by the continued shortage of new instructions, alongside general economic uncertainty. Simon…
Read MoreUK housing market has remained positive through the second half of 2017 says Taylor Wimpey in their trading statement
In their trading statement announcement released today, Taylor Wimpey Plc mentions: The UK housing market has remained positive through the second half of 2017. Customer demand continued to be robust supported by healthy employment trends, a competitive mortgage market and the Government’s Help to Buy scheme. We have experienced favorable trading patterns across our businesses,…
Read Morehousing market activity has built up modest momentum since the start of the year says UK Finance
UK Finance today updates on lending for September 2017. UK Finance estimates gross mortgage lending in September to be £21.4 billion, 5% higher than a year ago. Nearly two-thirds of this lending, or £13.7 billion, was carried out by High Street Banks. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: “As we near…
Read MoreLondon is weakest performing region first time since 2005 says Nationwide
The latest Nationwide House Price Index report September 2017 headlines ‘London house prices fall for first time in 8 years’. London is weakest performing region for first time since 2005, with house prices down 0.6% year-on-year. UK annual house price growth stable at 2.0% in September. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist,…
Read MoreHousing market activity has been growing modestly since the start of the year according to UK Finance.
Market Commentary September 2017 published yesterday by UK Finance reveals estimate of gross mortgage lending for August is £24.2 billion, of which £15.1 billion was lent by High Street Banks. Accounting for seasonal factors, it is in the same ball park as monthly lending over the course of 2017. They state: Housing market activity has…
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