Signs of recovery in housing market
The property market experienced tentative signs of recovery in April, according to the Nationwide building society. April saw a 0.5 per cent rise in house prices after seven consecutive falls, with annual rate of house price growth rising to -2.7 per cent from -3.1 per cent in March, says Robert Gardner, Nationwide’s chief economist. “While […]
Cost of living: first-time buyers will need to earn even more to buy a home
The average first-time buyer will need an additional £12,250 of income – compared to a year ago- to buy a home, according to the latest House Price Index from Zoopla. The research carried out by the property portal also revealed those hoping to live in London will need an additional £35,000 due to predicted higher […]
A busy summer ahead for the property market
House prices are still soaring, and the property market looks set to remain buoyant as we head into the summer period. According to the Halifax House Price index, the average home in the UK now costs £261,743, reaching a record high. This represents an increase in value by 1.3 per cent in the last month […]
Rents and house prices expected to continue to grow
Increasing demand, together with the continued shortage of homes, means rents and house prices are still rising, according to the Royal Institution of Chartered Surveyors (RICS). A regular survey by RICS revealed an increase in tenant demand in the three months to February and an expectation that rents will rise over the coming year in […]
