The Council of Mortgage Lenders (CML) has said that the UK housing market is now “sitting on a plateau”, backing previous claims by experts that the rise in prices had slowed. According to the CML gross mortgage lending totaled £17.8bn last month, falling 1 per cent from August 2014. However, the figure was still 10% […]
The latest figures from the Office for National Statistic (ONS) show that there are now six regions in the UK where the average property price is now higher than the pre-financial crisis peak of late 2007. With UK house prices up 11.7% nationwide in the year to the end of July, experts are now wondering […]
As the nation waits patiently for the results of the Scottish independence vote, businesses across the UK are starting to wonder what an independent Scotland would mean for them. Concerns that restrictions and regulations will hinder cross-border travel have left the UK removal and storage market yearning for answers. It would take 18 months until […]
Despite shortages in supply doing their best to hold back the construction sector’s growth, August has actually seen it expand at the fastest pace recorded in the past seven months. August is the sixteenth consecutive month that the Markit/CIPS construction Purchasing Managers’ Index has been above the level that indicates growth, this month rising to […]
It is always fascinating to find out what the most desired postcodes in the country are – will they be near you? Might one of them even be the one you live in? A wide range of factors, including employability levels, the affordability of housing, crime rates and the overall quality of health and educational […]
Although a drop in house asking prices throughout August is generally expected by the property industry, prices this August have fallen faster than were expected by the market. London, as it often does, led the way, sparking speculation that higher interest rates are on the way. New properties coming onto the market saw a 2.9 […]
The housing market slowed down across the UK throughout July, and even went into reverse in London, according to the Royal Institution of Chartered Surveyors. Demand and sales alike have fallen, especially in the capital, but the number of houses and apartments for sale has increased. As is often the case, worries about the affordability […]
House prices in the UK, according to the Halifax, were up 10.2% in July (the first time it has risen above 10% for over seven years) from the year before, signalling the highest annual change since September 2007. In addition, property prices reportedly rose by 3.6% in the second quarter compared with the first and […]
