House prices have hit an April record, new figures show, fueling expectations of a property market revival. House-sellers have raised the average asking price by 2.1pc to £244,706, setting a new record for this time of year, according to the Right move property website. Prices have risen by £15,717 since the start […]
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House prices for first-time buyers up 5pc since summer
Efforts to prop up house prices appear to be having the biggest impact on first-time buyers. The average price paid for a home by first-time buyers rose 2.7 per cent last month to £125,799, according to data collected by Halifax. The mortgage lender also published its monthly house prices survey today which, in […]
UK house prices flat in March
The average price of a home in the UK was unchanged in March, according to the latest Nationwide House Price Index, which said the outlook was “unusually uncertain.” Although prices were flat month-on-month in March at £164,630 on average, they were up by 0.8pc on a year ago, marking the first year-on-year rise […]
Property market gets a Budget boost so are things looking up? What next for house prices?
The Budget put the property market back on center stage, while better mortgage deals have been delivered by the Funding for Lending scheme. Map showing the current level of affordability of property in England, calculated by measuring average prices against average earnings of residents The property market outlook Stuck for growth, George Osborne […]
Property market mortgages increase
November saw the highest number of mortgage approvals for three years, according to figures from the Bank of England. This bodes well for house sales increasing in coming months. The Bank of England’s Funding for Lending Scheme is thought to be one of the key drivers in more mortgage finance becoming available, and at lower […]
London rents to rise
London rents are expected to rise by an average of 26.4% over the next 5 years.
Low rates to no rate: first 0% mortgage is launched
Leeds Building Society is offering a 0pc mortgage deal – the only catch is this rate lasts for just six months. The price war in the mortgage market has stepped up a pace, with Leeds Building Society becoming the first lender to offer a 0pc mortgage deal. Such “introductory” interest-free deals have become common […]
Royal baby: Messages of congratulations flood in after birth
Congratulatory messages are flooding in from around the world to mark the birth of the Duke and Duchess of Cambridge’s son, the third in line to the throne. Prince William said the couple “could not be happier” following the birth of the boy, who weighed 8lb 6oz and is yet to be named, at 16:24 […]
Lettings Index Rises
The Lettings Index from Countrywide Estate Agents shows that more than 340,000 new tenants signed up to let a property in 2012 compared with 275,000 in 2011. This rising demand for rental properties coupled with more readily available, and more competitively priced mortgages is creating a good opportunity for investor landlords to expand their portfolios […]
Work continues on our Peckham Project
We are delighted that work continues to progress at our Rye Lane, Peckham project. The external walls and the building’s steel frame are now going up and the hopefully, if the weather holds, it will continue going up, but even faster. We are delighted that we will have contemporary 1 & 2 bed apartments for […]