Latest Property News
UK
Cash boost announced to help build 200,000 homes in new garden towns
A £9 million cash injection to speed up the locally led building of new garden towns in England and villages across the country has been announced. The Garden Communities project is expected to deliver 200,000 properties on large sites by 2050,... Read more
Newport in Wales saw biggest jump in house prices in the UK in 2018
Newport in South Wales saw the biggest jump in house prices of any UK town or city in 2018, while Aberdeen was the worst performer outside of London, according to a new analysis of Land Registry figures. Average property prices in Newport... Read more
First time buyers can find cheaper mortgages than a year ago
In the UK first time buyers have a rare opportunity to take advantage of cheap mortgage rates at a time when property price growth has slowed, according to new research. This is because there are 46% more high Loan to Value (LTV) mortgages... Read more
Annual house price growth in the UK slows to lowest since July 2013
Average house prices in the UK increased by 2.5% in the year to December 2018, down from 2.7% in November 2018, the lowest annual rate of growth since July 2013 when it was 2.3%, official figures show. The data published by the Office for... Read more
Rent growth slowed in the UK at the end of 2018 and beginning of 2019
Rents in the private rented sector in the UK increased by 1% in the 12 months to January 2019, unchanged from December 2018, according to the latest official figures. In England rents increased by 1.1%, in Wales they rose 0.9%, and in Scotland... Read more
Asking prices fall nationally in England and Wales or first time since 2011
Average asking prices in England and Wales fell by 0.2% in the 12 months to February 2019, the first fall on the national figure for over seven years, according to the latest index data. It takes the average asking price to £304,671, the figures... Read more
£250 million of housing deals will see 25,000 new homes built in England
Almost £250 million of housing deals have been agreed by the Government to deliver 25,000 more homes across England, it has been announced. The package includes over 10,000 new homes being built on Ministry of Defence land at seven military... Read more
Mortgage outlook for home buyers and landlords is flat for 2019
More than 2.4 million households in the UK who would have expected to have bought property for the first time after the financial crisis are still waiting at a time when the mortgage market is forecast to remain flat. A new report from the... Read more
Consultation launched on extra 1% stamp duty for non-UK resident buyers
A new property tax for people buying property in parts of the UK who are not resident is being considered as part of the Government’s effort to help control the rise of house prices, it has been announced. Proceeds of the stamp duty new... Read more
Lending to first time buyers positive at the start of 2019, new data shows
Mortgage lending figures in January were positive, particularly for those buyers with small deposits, typically first time buyers, according to the latest data to be published in the sector. Some 66,350 mortgages approved in January 2019,... Read more