International buyers advised to snap up bargains in London’s prime property market in 2024
International buyers looking to invest in London’s prime properties should act fast before the upcoming general election 2024. With a slight increase in available properties and the likelihood of higher prices beyond next year, estate agents are urging buyers to snap up properties while stocks last. The lower end of London’s prime property market, which […]
Potential Turbulence Ahead for UK Property Market as Housing Prices See Sharpest Annual Decline in Nearly 14 Years
The property market could face more turbulence, with the most significant annual decrease in housing prices since July 2009, and increasing likelihood of interest rate hikes, reports Nationwide. The building society predicts a subdued near-term market, while other property analysts fear that buyers and sellers may see even more challenging times. The housing market’s recent […]
UK Mortgage Lender to Offer First 100% Loans Since 2008 Crisis
Skipton Building Society, a UK mortgage lender, is set to introduce a mortgage product targeting potential first-time buyers who are unable to save for a deposit. This initiative marks the first 100% loan offering by a mortgage lender since the 2008 financial crisis. In the aftermath of the crisis, mortgages without a deposit requirement became […]
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 […]
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 […]
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, […]
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 […]
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 […]