HOUSING NEWS

‘Surprising’ rise in property prices…

Gareth Lewis, commercial director of property lender MT Finance, says it is surprising UK house prices rose in November, according to data from Halifax, especially given the current climate. “Given that we are still in a period of great uncertainty, with an impending general election and unknown consequences regarding the outcome and impact that will […]

House prices ‘set to pick up’…

Despite the Nationwide saying the annual rate of house price growth remains “subdued”, Samuel Tombs – chief UK economist at Pantheon Macroeconomics – reckons the housing market is starting to benefit from recent lower mortgage rates. He notes that November’s 0.5% month-to-month gain was the biggest since July 2018. Fierce competition among mortgage lenders has […]

House sellers put off by Brexit and election…

The number of homes being put up for sale has fallen at the fastest rate in a decade, according to property website Rightmove, with Brexit and the election affecting the market. In the four weeks to 9 November, 14.9% fewer properties came to the market compared with the same period a year earlier, which was […]

House price growth continues to slow…

UK house price growth continued to slow in October, according to the latest survey from the Halifax. The lender says prices saw a “modest” annual increase of 0.9%. Prices dipped 0.1% in October compared with the previous month, with the average property costing £232,249. Russell Galley, Halifax managing director, said that while the 0.9% annual […]

Typical home £800 pricier than a year ago, says the Nationwide…

The price of the average home rose by £800 in the last year, according to the Nationwide, marking a slow period for the UK housing market. In the equivalent period three years ago, the average property price rose by £9,100, the building society’s data shows. UK house prices have risen by less than 1%, on […]

Where the million pound homes were sold…

A total of 545 residential properties were sold in England and Wales for £1 million or more in September, figures from the Land Registry show. But, in actual fact, they were all in England, with none sold in Wales during the month. The majority of them – 304 – were in the Greater London area. […]

‘Endless wrangling about Brexit’ is hitting housing market…

Fewer homeowners are putting their properties up for sale with Brexit uncertainty being cited as key factor. The number of properties on estate agents’ books remains near record lows, the Royal Institution of Chartered Surveyors (RICS) found, and the number of new inquiries from buyers has also fallen. Simon Rubinsohn, RICS chief economist, said: “There […]

‘My home’s freehold isn’t worth the paper it’s written on…

Denise’s freehold house has more than a dozen ‘restrictive covenants’ on it. When Denise Sullivan bought her new build home in Pembroke in 2016 she made sure it was freehold. “I don’t trust landlords and leaseholds. I promised myself I would never get involved with a leasehold property. “Now finding out my freehold isn’t worth […]

Estate agents urged to tell buyers about air pollution…

Estate agents have been urged to automatically disclose air pollution figures to home buyers. The industry trade body said providing this information should now be standard practice. “Air quality is now public information, and it will never not be again,” said Mark Hayward, chief executive of NAEA Propertymark. His comments came as a new website […]

House price growth slowest for seven years, says ONS…

UK house prices rose at a slower rate in the year to July than at any time since September 2012, up by 0.7%, official figures show. The Office for National Statistics (ONS) said there had been general slowdown in UK property price growth in the last three years. This was driven by a slowing market […]