Tentative signs of improvement in affordability of property this summer

The average asking price of newly marketed properties dropped in August by 1.9 per cent to £364,895. This is the biggest drop in asking prices at this time of year since 2018, outpacing the average drop of 0.9 per cent in August’s traditional summer slowdown. The much larger than usual price drop this month indicates […]

Is the property market still stabilising?

Buyers and sellers are back doing business but the outlook for the housing market still hangs in the balance, according to property portal Zoopla. The company’s house price index looks at the latest housing trends in May 2023 and highlights why recent inflation figures might put a brake on market activity. It suggests UK house […]

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 […]

Economic uncertainty is taking toll on UK mortgage holders

More than half of UK mortgage holders are struggling with their mental health as the cost of living crisis hits home, according to recent research. According to a new survey of 2,000 UK homeowners who pay a mortgage, the ongoing cost of living crisis is affecting the mental health of 56 per cent of mortgage holders. The […]