<strong>Heritage, culture, and infrastructure investment is re-vitalising certain cities and towns in the UK property market says new survey</strong>
Reports of a long-term impact on UK house prices are falling on deaf ears in some areas says Property Market-Index, which identified 10 locations likely to buck the national trend over the next three years. The findings also indicate that after a correction in the 2022-2023 UK property market, it is forecast to grow 8.8% […]
Halifax reports unexpected rebound in UK house prices for February
According to Halifax, British house prices unexpectedly rose by 1.1% month-on-month in February, which could indicate improvements in consumer confidence and the mortgage market. This contrasts with the recent trend of declining house prices since the onset of the COVID-19 pandemic. However, other housing market indicators have not shown a similar improvement, and another lender, […]
Coastal hub named ‘best value’ picturesque town to live in the UK
Despite uncertainty in the UK property market, prospective first-time buyers are still looking to begin climbing the property ladder in idyllic UK locations. One such location is Margate, which is the best-value “picturesque” town in the UK to purchase a home, according to a study in July 2022. The research combined Instagram data with a […]
House prices fall fifth consecutive month
Nationwide reveal that the market is unlikely to ‘regain much momentum in the near term’. Property prices have fallen for the fifth consecutive month in January, the most extended successive period since 2009. Nationwide reveal that the average price of a house is now £258,297, down by 0.6% from December. The housing market is slowing […]
How will the Bank of England interest rate hike impact first time buyers?
According to experts, the newest interest rate increase is bad news for first time buyer mortgages The Bank of England has confirmed an interest rate hike of 0.5% to 3.5% in a bid to tackle inflation, which is currently at 10.7%. Buying a house is already a challenge for most, especially those who are first starting […]
Kent Property Market Report reveals 46% increase in house prices in part of the county over last 5 years
House prices in parts of Kent have increased by almost 50% over the last five years, according to a new report. Drawing on analysis of figures from the Land Registry, prices across the county have increased, on average, by 23.5%. That’s higher than the 19.5% rise across the South East. But it is east Kent which has seen […]
One of the biggest house price increases in the UK
The isle has the largest house price increase across the UK, doubling from £142,273 to £301,510 since 2012. A rocketing increase in house prices across Ramsgate, Margate, and Broadstairs comes from “continued massive demand”, according to estate agents. Here’s why there is such demand for moving to the Thanet coastline: Travel Time from London Since […]
House prices fall for the first time in 2022
It’s the August summer holiday season, and the first year that many people have been able to head off on a sunny getaway without the travel restrictions that were put in place during the pandemic. So what has this got to do with house prices? Well, many home-movers tend to put off their moving plans […]
Distance to London is the most important factor for high property values in towns according to official data
A new official report by the Office for National Statistics, suggests that the number one factor for higher property prices in towns across England and Wales is the distance a home is from London. Followed by the type of jobs carried out by residents and the level of income deprivation in a town. The ONS said […]
Ramsgate rated No1 in major review of “next property hotspots”
Thanet continues to top the charts for homebuyers relocating from London and other cities, with Ramsgate leading that charge after yet another major endorsement. This came from The Metro newspaper, in a review of “Regenerated towns set to be next property hotspots for commuters”. A report by global real estate company, CBRE, also suggested recently […]