Wealthy Internationals Head to Italy for Tax Breaks and Dolce Vita
From typical budgets to preferred locations and property types, Silvia Marchetti looks at how the profile of the average foreign buyer looking for a slice of Italian life has changed over the years. The vast rooms of Palazzo Raggi, an 18th-century architectural jewel a stone’s throw away from Rome’s Spanish Steps, were once lived in […]
UK House Prices in Surprise Rise in April
UK house prices rose by 0.5% in April after seven consecutive months of falls, according to the Nationwide building society. Economists had been expecting average prices to decrease during the month. Prices had been falling since August last year, after Liz Truss’s mini-budget sparked turmoil on financial markets and drove up borrowing costs. Nationwide is […]
New York Remains the World’s Top Super-Luxury Property Market
London, Los Angeles, Hong Kong and Miami complete the top five in Knight Frank’s annual index. New York retained its title as the world’s top super-luxury housing market last year—though it had to share the laurels with London, according to the latest index from Knight Frank. Both cities registered 43 sales of $25 million or […]
This is Money Report with the (ONS) Highlights the Areas of the UK Where Property Values have Soared in the Last Decade
This year, it’s safe to say house price indices have painted a mixed picture of the value of our homes in Britain. While Halifax said last week that prices were ‘unexpectedly’ up 1.6 per cent annually, another survey, from Nationwide, claimed they had fallen 3.1 per cent — the biggest drop in 14 years. Many […]
<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 […]