Category: UK Property News

House price growth in Scotland outperforming the rest of Britain

Scottish homes

House prices in Scotland are growing faster than in England and Wales and in October increased at their strongest rate since March 2015, the latest index data shows. Prices increased by 1.5% month on month, taking the price of an average property to £172,561 and are now 2.9% higher than a year ago, according to… Read more »

Property prices up in England and Wales to pre Brexit vote levels

UK_BMV_Investdex

Residential property prices in England and Wales edged upward again in November with month on month growth of 0.1% in month, the latest index data shows. The growth was driven by strong price gains in cheaper property with the average price now £295,276, according to the data from the LSL/Acadata house price index. However, London… Read more »

Slow start to UK housing market expected in 2017 due to lack of supply

investdex_HMO

Sales activity in the UK residential property market is increasing but a slow start to 2017 is expected due to a lack of stock, according to the latest index report. Interest from new buyers increased marginally in November 2016 for the third consecutive month but the figure remains historically low with 13% more surveyors reporting… Read more »

Research suggest first time buyers still need the bank of mum and dad

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Almost half of first time buyers in the UK still need financial help to get onto the property ladder, new research has found. Some 18% are given money from their parents to help with the deposit for their first home an 18% also get a loan from their family, according to the latest research from… Read more »

UK property industry disappointed over lack of stamp duty reform

Scottish homes

There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier… Read more »

Asking rental growth slowing in UK, especially London and South East

UK_BMV_Investdex

Rent growth in the UK is slowing, particularly in London and the South East, but up overall 3% in October year on year, the latest index shows. New tenancy rents were on average £902 per month, according to the HomeLet rental index which suggests that landlords appear to be balancing affordability with returns. It was… Read more »

New property listings down by almost 7% in UK towns and cities

Scottish homes

New property listings fell in October by 6.9% on average across the UK with four out of five towns and cities seeing a drop in supply during a typically busy month for property market activity. This is in contrast to September when property listings are generally up following the summer lull and suggests that sellers… Read more »