UK house prices: A return to optimism? – CNBC Comment February 16, 2015 The UK housing market is a favourite topic of conversation – a national pastime, even. But an abundance of different data types mean that statistics can swamp and confuse anyone looking to gauge the current climate. Property website Rightmove just announced its busiest ever month for house hunters, while Halifax saw its biggest January monthly [...]
UK house prices: Is the government’s pension reform about to put strain on the property market? February 16, 2015 Britain is in the grip of a property shortage, and it could be about to get worse. New legislation means that from April many pensioners will be able to cash-in their pension pots, with many expected to invest in the buy to let market. The market seems ill-prepared for such interest. Data from Rightmove, the [...]
UK house prices: Housing shortage means property costs grow at fastest rate in 10 months February 16, 2015 Has a bombshell has landed in the housing market this morning? Britain’s chronic shortage of homes is the main driver behind the average asking price for a property surging by £5,729, or 2.1 per cent, this month, after what had looked to be a tempering market. The 2.1 per cent rise in February is up [...]
First-time home buyers should get a mortgage rather than rent, says Halifax February 15, 2015 Record low mortgage rates are contributing to a market where it is cheaper for first-time buyers to buy rather than rent. The average monthly cost associated with a first-time buyer buying a three bedroom house was £658 in December, according to figures released by mortgage lender Halifax at the weekend. It compares to an average [...]
Outgoing Morrisons boss Dalton Philips puts £1.65m York home up for sale February 15, 2015 WM Morrison outgoing chief Dalton Philips has put his £1.65m York townhouse up for sale, giving The Capitalist and all you other curtain-twitching, Kirsty Allsopp-watching property clickers a welcome chance to snoop through his home. And what a house you can get for that money in York! The tasteful five-bedroom listed Georgian pile comes complete [...]
Kensington and Chelsea leads fall in London house prices after boom peters out February 12, 2015 London house prices stalled in December, dipping 1.1 per cent on the month, LSL Property Services said today. The fall does not unwind all of the gains of the boom-period, as prices are still up 13.9 per cent on the year to stand at an average of £576,093. Kensington and Chelsea has the most expensive houses [...]
Forget slowing UK house prices, Redrow just doubled its profits February 11, 2015 The figures Redrow, the British housebuilder, has revealed a bumper set of half-year results (to 31 December) this morning, showing revenue up 54 per cent to £560.6m and pre-tax profit up 92 per cent to £91.2m, in a rosy assessment of the market’s demand for new homes. The impressive results allowed the group to double [...]
The cost of renting this medieval castle has fallen 14 per cent in 18 months February 9, 2015 It seems the cost of being an Englishman has fallen over the past two years, after the price of renting a castle has fallen 14 per cent. Or at least, that's if Bellister Castle is anything to go by: the property has just come up for rent, at a significant discount to last time it [...]
House prices climb over winter February 5, 2015 THE HOUSING market boom that saw price growth peak at 10.2 per cent year-on-year in July may not be over, according to one of the UK’s biggest mortgage lenders. House prices jumped two per cent in January – the biggest monthly increase since 2009, figures released yesterday by Halifax show. The average house price in the [...]
UK house prices come roaring back in January: Mortgage rates, stamp duty or just an outlier? February 5, 2015 The night is always darkest before the dawn, but house prices have skipped the daybreak formalities to come bouncing back. According to Halifax, the figures are bullish: 1.9 per cent quarterly growth hasn’t been seen since September, and the two per cent monthly bounce hasn’t been bested since last February. Annually, and perhaps most reliably, [...]
