Bristol has once again been named as the most popular spot for first-time buyers purchasing their home with the help of Government-funded bonuses, This is Money can reveal. A total of 196 homes have been bought in the city with the help of a Lifetime Isa from the UK’s most popular provider so far this … Read more
Home sales hit their highest daily level in a decade this week, as the housing market boom continued apace. The number of property sales agreed on Tuesday 23 March was the highest for ten years, according to analysis by the UK’s biggest home listings website Rightmove. In total, just under 8,000 properties listed on the … Read more
The busiest property markets of 2020 have been revealed, with small towns taking the top spots as buyers flooded out of cities during the pandemic. Huntingdon, Cambridgeshire, had the highest rate of property purchases in England and Wales, followed by Pontefract, West Yorkshire and Great Yarmouth, Norfolk. Mortgage broker Haysto analysed Government data to work … Read more
Jump in chain-free house listings: Owners sell up and rent in bid to make themselves more attractive buyers One in five properties listed for sale on Rightmove are now chain-free Not having an onward chain can give buyers an advantage in a bidding war Buyers leaving cities for the sticks are also using renting to … Read more
The extension of the stamp duty holiday is tipped to add further fuel to the fire of the property market, but while some areas are blowing hot others are cold. Headline figures show house prices surging on average but dig deeper and England’s property picture is divided into buyer’s and seller’s markets, according to researchers … Read more
Property prices dropped on a monthly basis for the first time in half a year in January, according to official figures. The average house price was £249,309, a drop of 0.5 per cent compared to December 2020 when the figure hit a record high of £251,500. However, values have increased hugely over the past year, … Read more
Housing transactions jumped a quarter in February in what has been described as a show of ‘remarkable resilience’ in the market. There was a huge 23 per cent increase in transactions between January and February, on a seasonally-adjusted basis, official figures show. In total, there were 147,050 homes bought or sold in February 2021, according … Read more
Demand for homes to buy has jumped since the extension of the stamp duty holiday and other measures were announced in the Budget, but with supply continuing to fall, prices are set to keep rising, new research suggests. Buyer demand was up 24 per cent in the week that followed the Budget on 3 March, … Read more
Property prices in England are now seven times the local salary on average, as house price inflation appears to be outgrowing wages. The typical house costs more than seven times the median annual salary of £31,596, but in some parts of London and the South East the multiple is much higher, reaching up to 27 … Read more
Mortgage borrowers hit hardest by the pandemic may find themselves paying out thousands more each year, because they believe the financial fallout has affected their ability to remortgage. Almost one third of borrowers who have seen their incomes fall due to Covid-19 expect to move onto their lender’s standard variable rate once their initial deal … Read more