The cost of renting in the UK could rise faster than house prices over the next five years, surveyors have warned. At the end of that period tenants could find themselves having to pay at least 25% more than they do now, according to the Royal Institution of Chartered Surveyors (...
Buy-to-let landlords and people buying second homes will soon have to pay more in stamp duty, the chancellor has announced. From April 2016, those in England and Wales will have to pay a 3% surcharge on each stamp duty band. George Osborne said the new surcharge would raise &...
Various surveys record UK house prices on a monthly basis, but they all have slightly different methodology. The house price index by the Nationwide Building Society is the quickest to be released. It uses an average value for properties after considering components such as...
Raising interest rates to deal with housing market problems would hit the rest of the economy too hard, Bank of England deputy governor Dame Nemat (Minouche) Shafik has told the BBC. "We should use other tools, and fortunately we have other tools" On Thursday, the...
The rise in the cost of renting a home in England and Wales is matching or possibly exceeding house price growth by some measures, a survey suggests. The average rent was up 6.3% in the year to the end of September, to £816 a month, said the owner of letting agents Your...
The house price gap between London and the rest of the UK has risen to a another record high, according to the Nationwide Building Society. The average home-owner in the capital could now swap their property for three and a half similar homes in the north of England, the survey...
The Bank of England may have to cut rates to combat low inflation, rather than raise them as its next move, its chief economist Andy Haldane has said. UK inflation may not pick up in the second half of the year, and there are risks of fallout from emerging economies, he said...
House prices are rising fastest in the East of England, official figures show, as analysts suggest property market "action" has moved out of London. The typical home in the East increased in cost by 8.3% in the year to the end of July, the office for National Statistics...
With the average price of a house now just over £200,000 and rents in the private sector soaring in parts of the country, many observers argue that the UK is in the grip of a housing crisis. In London in particular, entire developments containing hundreds of flats are often...
Growth in UK house prices slowed in the year to July, the country's largest mortgage lender has said, although they are still rising "robustly" The Halifax said that prices rose at an annual pace of 7.9% last month - down from 9.6% in June. During July itself...
UK interest rates have been held at 0.5% again by the Bank of England's Monetary Policy Committee (MPC). MPC members voted 8-1 to keep rates on hold - the first time for months the decision has not been unanimous - with Ian McCafferty voting for an increase. In its latest...
Estate agents are urging politicians to push on with house building as demand from potential buyers picks up. Demand from house hunters rose sharply in May as buyers made viewings after the election, the National Association of Estate Agents (NAEA) said. The view follows comments...
The rate of house price increase in the East of England has almost reached the level of the South East, latest figures show. The Land Registry said the East saw an 8.8% rise in property prices in the year to the end of May, compared with a 9.1% rise in London and the South East...
Nearly four out of 10 homes were sold without the need for a mortgage in the first quarter of the year - a record high, the Nationwide has said. The building society - the UK's second biggest mortgage lender - said that 38% of properties were sold to cash buyers. It said that...
UK mortgage approvals rose to their highest level for 14 months in April, data shows, but analysts do not expect this to lead to runaway house prices. There was a 10% rise in the number of mortgages approved for house purchases from March to April, the biggest month-on-month...
The cost of renting a home rose by 4.6% in the year to the end of April, the fastest rise since November 2010, property group LSL has said. The average rent stands at £774 in England and Wales, according to data from Your Move and Reeds Rains. It said that rental costs had...
OnTheMarket.com goes from strength to strength announcing 10 million visits in three months OnTheMarket.com – the new property portal launched as a rival to Rightmove and Zoopla where Julian Reid Estate Agents, are listing all of our properties – is pleased to...
Competition among mortgage lenders has intensified, brokers say, with a greater willingness to lend to those without huge savings. Brokers say that, in recent years, the best deals were only available to those offering a large deposit, but there were now signs of change. However...
George Osborne has delivered his sixth Budget as chancellor, and the last of the current Parliament. Here is a summary of the key announcements. State of the economy UK grew 2.6% in 2014, faster than any other advanced economy but lower than 3% predicted in December 2.5% growth...
UK interest rates have been kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years. Rates were first cut to 0.5% in March 2009 as the Bank sought to lift economic growth amid the credit crunch. Recent growth in the...
JULIAN REID ESTATE AGENT JOINS NEW PROPERTY WEBSITE ONTHEMARKET.COM Julian Reid Estate Agents is proud to announce it is featuring all of its properties at OnTheMarket.com, a new property website which launched as a direct competitor to Rightmove and Zoopla. OnTheMarket...
The New Year always brings a host of predictions about the state of the UK housing market, so what are the people suggesting may happen this year. Analysts are suggesting slower growth in 2015 than was the case in the year just gone. Somewhat rarely, there is near consensus among...