Research by the National Association of Estate Agents (NAEA) shows that the number of first-time buyers continued to decrease in May, dropping below ten percent of the market. Only 8.9 percent of the buyers signed their first home purchase contract in May, although sales remained at the levels of the previous month.
At the same time, [...]
According to a study by Land Registry, house prices increased by 8.9 per cent since May last year. With an annual rise of over six percent,
London Remains the most expensive location for buying a home. The
London Average price house of £335,658 stays firm at number one, while the south-east follows in second, with [...]
According to a study by
Halifax, the best value homes in
Britain Are located in the east and south-east regions of the country. More specifically, Buckinghamshire is rated best value for flats,
Suffolk For terraced properties, and Sleaford in
Lincolnshire For semi-detached homes. Besides property prices, the research looked at employment rate, average salary, housing [...]
The new Tesco Property Market website is the first attempt of the supermarket giant to participate in the housing market, allowing both agents and home-owners to market properties online. For a cut-price fee of only £199, those who will chose to sell their home through Tesco’s services will get an online advertising space and a [...]
A recent survey from Zoomf.Com shows that the average price of a London four-bedroom property is £557,608, which is £161,221 more than a three-bed one (£396,387 on average). This price difference is much smaller when it comes to one and two-bed homes, with an average of £89,751. According to the website, on the
London Market [...]
After a new rise by the Bank of England, interest rates reached the highest base rate over the last 6 years. Although widely predicted and expected by industry professionals, the recent 0.25 percentage increase, the fifth approved by the Bank of England since August 2006, caused divergence of opinions among experts across the nation.According to [...]
According to a study by
Halifax, the 0.4 per cent increase in property prices last month stands testimony that house price inflation continues to fall. The average cost for a
UK Home went up to the level of £197,461 in June, this being the second month with an increase smaller than 0.5 per cent.
The overall [...]
According to the Royal Institute of British Architects (RIBA), the standards for new properties must change in the near future. The organization has recently launched a new housing policy titled Better Homes and Neighbourhoods, which points out the need for change as newly built properties in
UK Are well behind those in the European Union [...]
According to the lettings index by Knight Frank’s
London, rents saw increases of 4.2 per cent on average from April until June 2007, which is the most significant rise since 1995, when the records were first registered. Similarly, the average rent in
London Went up by 12.2 per cent over the last year, the highest [...]
Recent research from Woolwich Mortgages analysed the ratio between household income and mortgage payments in different locations all over the
UK. The study revealed that all top five least affordable property areas for first-time buyers are found in
London. The continuous rise in
UK Home prices over the last years has led to mortgage buyers [...]