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 […]

Slowdown in annual UK house price growth

House prices in Britain have fallen for the first time in 15 months. The average price of a property dropped to £268,282 in October, down 0.9 per cent compared to October, according to the Nationwide’s House Price Index. Robert Gardner, Nationwide’s chief economist, said: “October saw a sharp slowdown in annual house price growth, to […]

Total value of the UK homes surges

The combined value of UK homes has surged to over £10 trillion this year as strong demand and a lack of supply continues to drive house prices higher according to Zoopla. With the average UK household income now £34,100, some properties are making more than their owners’ salaries as the total value of homes has […]

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 […]