House prices rose 11.5% per year in August 2022, according to the latest report from Halifax. The average UK house price hit a record £294,260, raising the rungs on the property ladder further out of reach for home buyers as the cost of living crisis continued to bite. The figure represented a 0.4% rise month-on-month, […]

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Annual house price growth slowed to 10% in August from 11% in July, according to the latest report from Nationwide. The average house in the UK rose to £273,751 against £271,209 month-on-month, representing an almost £50,000 price growth in the past two years. There were early signs the housing market is losing steam, with surveyors […]

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House prices have fallen for the first time since June 2021, according the latest report from Halifax. Prices dipped by 0.1% in July 2022, and the annual rate of growth eased to 11.8% from 12.5%. Halifax noted a typical UK property currents costs £293,221, representing a £365 reduction against June 2022. The tiny fall marks […]

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The FTSE 100 tumbled on Thursday as stocks across Europe tanked and the gloomy macroeconomic forecast seemed to finally sink in for investors as recession alarms rang. “Stock markets were in a terrible mood across Europe, with the FTSE 100 down 1.7%, the CAC 40 dropping by 2.3% and the Dax falling 2.5%,” said AJ […]

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Rightmove shares fell 5.8% to 526.2p in late morning trading on Monday, after the group announced the resignation of Chief Executive Officer Peter Brooks-Johnson. Johnson is set to leave following 16 years with the property company, and confirmed that he would depart after the release of the FY2022 results in February 2023. Rightmove commented that […]

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Barratt Developments shares were up 1.2% to 490.4p in late morning trading on Thursday, after the company announced that it was on track to deliver total completions between 18,000 to 18,250 homes in FY2022, including around 750 houses from joint-ventures in line with management expectations. Barratt confirmed a projected growth of 4% to 6% year-on-year […]

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Since May 2020 nearly £22,000 has been added to the average house price House prices in the UK are expected to continue rising despite reaching record levels in May, according to Halifax. Halifax, one of the UK’s biggest mortgage lenders, revealed that the price of a home jumped by 1.3% in May, brining the average […]

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Estimates for UK residential transactions during April reached 111,260 UK residential transactions rose by 197.8% in April compared to 2020, according to data released by HMRC. The government added that the significant rise could be put down to the impact of the pandemic on figures in April 2020. Having said that, estimates for UK residential […]

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House prices rose by 1.1% in March House prices increased at the fast rate in half a year in March following the chancellor’s decision to extend the stamp duty holiday, according to the Halifax house price index. Property values rose by 1.1% last month, the largest increase in six months, and up from zero growth […]

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House prices expected to fall in April UK house prices rose this month as house buyers were unphased by the pending expiration of the stamp duty holiday. Following a 0.3% dip in January, average house prices coming to the market increased by £1,511, or 0.5%. Although the stamp duty holiday is yet to end, buyers […]

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The FTSE 100 traded largely flat on Friday as the market digested the latest instalment of jobs data from the United States. The FTSE 100 traded at 6,507, up four points just before the close on Friday afternoon. It has been a relatively quiet week for the FTSE 100 as traders remain cautious over continued […]

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House prices fell by 0.3% in January House prices fell in January for the first time in seven months as the government discontinued its stamp duty relief. According to the Halifax house price index, property prices fell by 0.3% during the first month of the year. Economists polled by Reuters had expected an increase of […]

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The UK House Price Index has released its figures from November 2020, detailing how prices rose 4% between October and November, with the annual price change in the capital over the year coming in at +9.7%. In England as a whole, the November data shows on average, house prices have risen by 1.2% since October […]

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New research by estate agents Coulters Property has collated the average house price and salary in every major town and city in the UK to reveal the places where you will need to work the most – or least – to pay off your mortgage if you put down a 15% deposit. A mortgage is […]

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Leading UK home builder Redrow (LON:RDW) published its market predictions for the next year on Tuesday morning, projecting a “strong” 2021 and a steady housing demand despite the ongoing coronavirus pandemic. Matthew Pratt, CEO of Redrow, commented: “We are very excited about 2021. We entered our new financial year in a position of strength and, […]

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Real estate firm Rightmove has projected a further climb in UK house prices in 2021 despite Brexit, the ongoing coronavirus pandemic and whether or not the government chooses to extend the current stamp duty holiday. Asking prices rose almost 7% this year, but are expected to gain a further 4% over the next twelve months […]

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In the year to November, UK house prices soared by 7.5%. New figures from Halifax show that the average house price hit an average of £253,240 in November, which is the highest yearly increase since June 2016. As people are rushing to beat the stamp duty holiday and want more space, the housing market has […]

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House prices in the UK have increased at their fasted rate since 2016. In October, house prices jumped 7.5% according to data from Halifax. The average property now costs £250,457. On a month-by-month basis, prices increased just 0.3% between September and October. Despite the growth this year, Russell Galley, Managing Director at Halifax, has warned […]

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UK house prices are continuing to grow as mortgage applications hit a 12-year high. The average house price in September was £249,870 – a 1.6% rise from August. According to Halifax, the market is surging as people are looking for more space following the lockdown. However, growth is not expected to continue. Due to the […]

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New figures from Nationwide have revealed UK house prices to hit a record high during August. The average house price last month was £224,123, which rose by 2% just in August – the highest increase since February 2004. “UK house prices rose by 2% in August, after taking account of seasonal effects, following a 1.8% […]

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As British philosopher John Gray discussed in a recent article, there is a deep and widening cultural rift in British society. While this rift, as Gray sees it, is between the metropolises and everywhere else, the nationalists and the woke, and those with and without university degrees, we should also remain aware of intergenerational divides, […]

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The Dow Jones had a tough time deciding where it wanted to go after the bell, with US housing market news neither going one way or the other. After dropping over 150 points, the index bounced, fluctuated and now sits 0.34% up at 25,959 points. The confusion began with the headline that monthly home sales […]

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Prices of British houses have risen at their fastest pace in nearly three months, as the property market looks to stabilize following a turbulent few months. The last three months have given some reassurance for the British people and British house prices, and a reflection in rising house prices may mean that some consumer confidence […]

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Following a busy day in British politics on Monday, cable started somewhat gingerly on Tuesday. Any Brexit suspension high was ended as the Pound was left a bit dazed by some uninspiring market performance indicators, and renewed General Election chatter. While by no means a disastrous start to the day, there is no doubt the […]

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According to the UK’s largest property website, Rightmove Plc (LON: RMV), the UK housing market suffered its first price dip for September for eight years (since its last dip in 2010). The announcement came as average property prices dipped 0.2% or £730 in comparison with August; an irregular shift from the expected trend of a […]

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Despite some signs of resurgence in the housing market, banking group Halifax (LON:HALP) have compounded ongoing woes for UK house prices in 2018, citing the lowest annual growth in the last five years. The Halifax House Price Index is the UK’s longest-running series that compares house prices and property price movements on a like-for-like basis. […]

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