The £275bn home buying spree: More money was spent buying property in England and Wales in the past year than in any since the financial crisis The last time spending on housing was so high was in November 2007 March saw highest monthly spend since 1995, beating the record by £8billion Higher house prices have … Read more
A shortfall in the number of homes coming up for sale remains a major stumbling block for the housing market, economists at the Royal Institution of Chartered Surveyors have warned. While the Chancellor’s Budget measures, including the extension of the stamp duty holiday until the end of June, will give the sector a boost, stock … Read more
Average house price hits a record high of £250k, ONS reveals, as a typical London home tops £500k – but experts warn stamp duty holiday ending will hit hard Prices swelled by 7.6% in the year to November, up from 5.9% rise previously In London, prices increased over 9% in year to November, reaching £514k … Read more
House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more
Debenhams was doomed long before the pandemic, it has been claimed, with fingers pointed at private equity firms that took control of the firm in 2003, stripping its assets and pocketing over £1 billion. The retailer was taken over by a trio of funds in a £600 million investment deal. TPG, CVC Capital and Merrill Lynch … Read more
House prices rose at the fastest pace for nearly six years last month, as the rush to beat the stamp duty holiday deadline continued to drive up the market. The average price of a home increased by 6.5 per cent to £229,721 in the year to November, according to Nationwide, adding almost £14,000 to the … Read more
House prices rocket 7.5% in a year to add £18,000 to the cost of the average home, says Halifax, but is the lockdown mini-boom already slowing? Average house price reaches a new record high of £250,457, on Halifax index Property inflation at 7.5% is the highest it has been since mid-2016 October saw a monthly … Read more
Property experts have warned prospective home buyers to start their search by the end of the month latest to avoid missing out on a saving from the stamp duty holiday. Financial giant L&G said purchases can take three to five months to complete, but with asking prices hitting a record high as people clamour to … Read more
Britain’s house buyers have seemingly gone bonkers as prices soar to record highs while the economic bad news keeps coming. Estate agents have claimed that some ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant … Read more
House prices jumped £4,500 in July as lockdown buyers hit the market but Britain’s biggest building society warns of a ‘false dawn’ House prices bounced back in July, reports Britain’s biggest building society Nationwide said level of activity in the property market is better than expected But it warns ‘there is a risk this proves … Read more