Since last year, there has been a 15.5% increase in the average UK house price. This increase is the most significant annual increase since May 2003. The surge is mainly due to the butterfly effect from when prices dropped last year due to modifications in stamp duty and a backlog Read More ->
With the cost-of-living crises starting to take hold and interest rates on the climb, it will come as no shock to hear that house prices in August rose to an average price of £294,260. Whilst the rate of annual growth did slow last month, Halifax, the largest lender in the Read More ->
In a stark warning issued by experts, house prices are heading towards a 7% fall as mortgage rates soar and the cost-of-living crisis continues to spiral further and further out of control. The property market has been on an upward boom ever since the pandemic originally started reaching staggering record-breaking Read More ->
Last month saw the UK issued its first-ever red weather warning, which saw schools shut and offices empty, as people across the country struggled to cope with the 40-degree weather. Here at Property Press Online, we put up an Instagram poll asking users the question: should new homes in the Read More ->
Millions of homeowners across the UK are facing what is being dubbed as a ‘mortgage timebomb’ as those with tracker or fixed variable mortgages are looking at a 0.5% hike in interest rates, making it the largest increase since 1997. The decision to raise these rates has come shortly after Read More ->
Nationwide has backed the UK’s first rent-to-buy program aimed at helping first-time buyers move into their dream homes without having to save a deposit or sort out their credit. The idea is the brainchild of Kettel Homes, a technical property company based in London that describes themselves as a “tech-enabled Read More ->
This month has seen a sixth consecutive record hit of new houses coming to the market, with a new average of £369,968, a rise of 0.4% compared to last month, according to data from Rightmove. As a result of this, Rightmove has revised their 2022 forecast of 5% growth to Read More ->
Everywhere you look at the moment, it seems that no one can escape the problem of rising house prices. And where there is a problem, there always seems to be someone with the solution. And according to almost half of Brits, the solution for saving enough money for a deposit Read More ->
House prices have reached a 17-year high and have been growing at their fastest rate since March 2004. According to Nationwide, prices have risen by 14.3% in the year to March. This means that it is the strongest pace of increase since March 2004 when the UK experienced a housing Read More ->
Good news for renters across the UK this week as it is announced by the government that they will now be making it illegal for ‘no-fault evictions’ to take place in rental homes. The private rentals white paper also includes a proposed clampdown on unfit homes and plans to tackle Read More ->
© 2020 - Property Press Online