The countries where property prices have rocketed the most over the past ten years have been revealed – and by how much house price inflation has outpaced wages to squeeze buyers. Those fed up with Britain’s sky-high house prices that can make moving home unaffordable may be surprised to find the UK only coming in … Read more
House prices soared 10 per cent annually in May as buyers raced to take advantage of the stamp duty holiday – but experts warn they could now plateau. According to official figures from the ONS / Land Registry, the typical British home was worth £254,624 in May – an increase of £23,000 in just one … Read more
The average house price surged by nearly £16,000 over the year to April to hit a new record high, according to a major index. In April, the typical UK property value hit a peak of £238,831, Nationwide Building Society said, and Britain’s biggest building society predicted that house price inflation will hit double digits by … Read more
Could house prices really boom for the next five years? SIMON LAMBERT on the 18-year property cycle theory By Simon Lambert for Thisismoney.co.uk Published: 00:01 BST, 1 April 2021 | Updated: 00:01 BST, 1 April 2021 Against most sensible measures, house prices in the UK are too expensive. Whether you use property values vs rents, … Read more
A shortfall in the number of homes coming up for sale remains a major stumbling block for the housing market, economists at the Royal Institution of Chartered Surveyors have warned. While the Chancellor’s Budget measures, including the extension of the stamp duty holiday until the end of June, will give the sector a boost, stock … Read more
House prices could see five-figure increases this year says an influential forecast that has revised upwards thanks to the stamp duty holiday extension and vaccine roll-out. Instead of remaining stagnant in 2021 as previously predicted, the average property price is now set to increase by £10,000 according to Savills. The FTSE 250-listed estate agent revised … Read more
House prices hit new record high in December says Halifax – but increase of just £131 suggests lockdown price boom could be coming to an end The average house price in the UK was £253,374 at the end of December 2020 It is the sixth consecutive monthly increase, as Covid prompts people to move However, … Read more
House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more
House prices rose at the fastest pace for nearly six years last month, as the rush to beat the stamp duty holiday deadline continued to drive up the market. The average price of a home increased by 6.5 per cent to £229,721 in the year to November, according to Nationwide, adding almost £14,000 to the … Read more
House prices rocket 7.5% in a year to add £18,000 to the cost of the average home, says Halifax, but is the lockdown mini-boom already slowing? Average house price reaches a new record high of £250,457, on Halifax index Property inflation at 7.5% is the highest it has been since mid-2016 October saw a monthly … Read more