House prices hit recent low If you’re looking to expand your portfolio, there’s some good news on the horizon. New research from Nationwide has revealed that March saw a 3.1% drop in house prices, compared to the same period in 2022. In addition to the annual drop, there was a drop of 0.8% from the …
So, is now the right time to invest in property, or should you wait for prices to fall? According to Rightmove, the average asking price is up 0.4% to £369,968. In London, the average has risen to £692,828. Yet property expert Tim Bannister says that while the market remains ‘hot’ right now, it is ‘moving …
Latest data shows that UK housing market is slowing down New data shows that the UK housing market has started to slow down after prices hit a record for six months in a row. According to the latest Property Transaction data released by HMRC: Residential transactions in the UK were 96,290 in June This is …
A record number of London homes have been sold to international buyers as the value of the pound drops. A record number of super-rich home buyers purchased luxury properties in London during the first half of 2022. In total, 61 top-end properties in the capital, worth more than £10 million each, were sold between January …
Halifax reveals that property prices are rising at the fastest rate in 18 years. Demand has continued to outstrip the number of properties on the market causing UK house prices to rise at the fastest annual rate in 18 years last month. One of the country’s biggest mortgage lenders and part of Lloyds Banking Group, …
The latest round of price hikes and issues announced as part of the UK’s cost-of-living crisis, could push the country into a mild recession, according to financial experts. Issues with petrol prices, food safety, rail strikes, and inflation are all putting the UK under great strain this week. Key events being reported on include: UK …
A fall in house prices is expected, which may provide a fresh opportunity for landlords. As we head towards the second half of 2022, Rightmove is predicting a likely fall in house prices. The portal’s latest monthly snapshot showed another record high for the average asking price, but Rightmove is warning that after a very …
The stock of homes is beginning to increase, showing clear signs that the frenzied housing market is beginning to slow. The housing market hit a fever pitch while we enjoyed the stamp duty holiday during the pandemic, but the current cost-of-living crisis and rising mortgage rates are starting to impact the housing market. Nationwide released …
The number of properties being sold ‘off market’ has increased in recent years, especially in the capital, according to a leading UK estate agent. Selling off market has often been used more in prime parts of the country, such as central London. Keeping prices private and concerns over pricing are the primary motivation for most …
How have house prices transformed since the Queen’s Coronation? UK house prices have risen by an impressive 336% since the Queen’s coronation in 1953 (once adjusted for inflation). On 2nd June 1953, the day Queen Elizabeth II took to the throne, the average UK house price was just £1,891, equivalent to £63,511 today, when taking …
