HOUSING NEWS

Features in this seaside property are more at home in the arcades Buying or selling a home can feel like an endless merry-go-round for anyone caught up in a tortuous house move. In one £1.5m property in East Sussex, the fairground nature of many property transactions has been taken literally. The converted Victorian bathhouse is […]

Halifax, part of Lloyds Banking Group, reckons house prices will grow between 1% and 3% in 2020. The UK’s biggest mortgage lender says that in 2019 the housing market performed in line with expectations, at the lower end of its forecast for 2% to 4% growth. Russell Galley, managing director of Halifax, said: “The housing […]

Property asking prices fell by the smallest amount for a December month since 2006, showing confidence among sellers and estate agents that home buyer demand is strong. The latest survey from Rightmove revealed a 0.9 per cent decrease in the average asking price for homes for sale. The average asking price in the UK is […]

The proportion of all mortgages which require a deposit of 10% of less has reached its highest level since 2008, Bank of England figures show. The share of mortgages in this category increased to 5.9% in the third quarter of the year, the Bank said. The proportion is still much smaller than before the financial […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]