Yearly rate of house price growth now at 13.4% UK house prices are rising at the fastest yearly rate since 2004, according to figures released by Nationwide. Month-on-month, the average price of a UK home increased in June, up by 0.7% compared to May. This means that the yearly rate of growth is now at […]

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The government will guarantee mortgages up to 95% of a home’s value Property industry experts have reacted positively to Rishi Sunak’s budget announcement on Wednesday, while outlining the need for more sustainable reforms. The Chancellor pledged to “stand behind home buyers”, extending the stamp duty holiday to June. The point at which stamp duty will […]

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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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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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In November UK house prices increased at the fastest rate since 2015. Figures from Nationwide showed that house prices in last month surged 6.5% average house price in the UK increased from £227,826 to £229,721. The housing market remained strong over the second lockdown and increased by a 5.8% growth in October. Thanks to the […]

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Research by Astons – a leading international real estate expert on residency and citizenship through investment, offering bespoke residence and citizenship solutions in the UK, EU and Caribbean through property investment – has found evidence of a growing trend amongst foreign investors bulk-buying properties across the UK in order to capitalise on the current stamp […]

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New research commissioned by bridging finance provider Market Financial Solutions (MFS) has outlined the growing concern over the UK’s housing crisis, with more than half of Brits considering it to be one of the biggest issues even amidst the Covid-19 pandemic and ongoing Brexit uncertainty. The MFS survey – conducted across an independent, nationally-representative survey […]

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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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A new report released by property investment fund London Central Portfolio (LCP) has revealed that 22% of prime London properties purchased this year were bought by overseas buyers without a viewing. The data, collated from figures by the HM Land Registry UK House Price Index, consolidates reports that the property market is currently enjoying a […]

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Mortgage approvals have hit a 13-year high according to new figures from the Bank of England. In September, banks approved 91,500 mortgages – the highest figure since September 2007. Demand has been fuelled by the demand for more space since lockdown as well as the stamp duty holiday. “The number of mortgage approvals for house […]

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The average asking price for homes in the UK hit a record high in October, according to new figures from Rightmove. The average price for a home in Britain has increased by 1.1% last month to £323,530. The cost of a house on the website is a 5.5% increase from a year ago – the […]

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Pensions Minister, Guy Opperman, said in a webinar that he wanted to explore ways for the auto-enrolment pension system to be adjusted, to allow buyers to borrow from their pension pots for property deposits. Today’s fire sale will mean fewer people will buy tomorrow Much like the myopic and expedient stamp duty holiday, the risk […]

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OnTheMarket shares (LON: OTMP) took a tumble on Tuesday after the group its latest results. Despite its busiest ever quarter, shares in the property group fell by almost 4% in afternoon trading. In the six months to July 31, OnTheMarket saw revenue rise 28% to £10.2m and achieved profitability “as a result of measures implemented […]

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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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A widely-followed monthly report by money-lender Halifax has revealed that the average UK house price has risen to a record high of £245,747 in August 2020, making it the largest monthly leap since 2016. Halifax’s House Price Index showed that house prices had risen 1.6% since July 2020, and overall 5.2% on this time last […]

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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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Chancellor Rishi Sunak is expected to announce a ‘mini budget’ on Wednesday, in which he will propose a stamp duty holiday, similar to the proposal made by former Chancellor Phillip Hammond in 2017. The move is expected to see the raising of the initial stamp duty threshold from £125,000 to as much as £500,000, in […]

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Across the UK, rent prices have risen 1.3% to an average of £937, with Northern Ireland having seen the sharpest increase, up 4.5%. Such a dramatic trend looks set to continue across the board, with the 1% increase per annum soon expected to look like a fond memory. According to the Royal Institute of Chartered […]

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