Latest Property News
UK
House price growth in the UK is steady, data from latest lender index suggests
House prices in the UK were 1.8% higher in the third quarter of 2018 than in the previous three months and 2.5% higher than the same period in 2017, the latest lender property index shows. The data from the Halifax also shows that the annual... Read more
New figures show that planning in England is not increasing despite need for new homes
New homes are much needed in England but the latest official figures show that planning applications are falling, even although the Government has pledged to boost new home building. Between April and June 2018, district level planning... Read more
Prime country house prices in Scotland rise at strongest rate since 2014
Prime country house price growth picked up in Scotland in the third quarter of 2018, but buyers remain cautious amid political uncertainty, according to the latest index to be published. Overall, prices rose by 0.7% between July and September... Read more
Study reveals where Help to Buy is being used the most in England
New research reveals which parts of England have the highest number of homes bought using the Government’s flagship Help to Buy scheme by the end of March 2018. London has the highest number at 12,206, followed by Greater Manchester at 7,280,... Read more
Private sector rents in UK up 1.02% year on year in the 12 months to September
Private sector rents in the UK have increased by 1.02% in the 12 months to September 2018, and by 0.12% month on month to an average of £1,210, according to the latest index to be published. The Landbay rental index also shows that excluding... Read more
Number of young people in their twenties owning a home in the UK down by 10%
Young people aged 22 to 29 years have become less likely to own their own home, with the proportion of home owners down by 10%, official figures show. New data published by the Office for National Statistics (ONS) shows that the number in this... Read more
Rents have started to rise again in central London’s prime property market, latest index shows
Annual rental value growth has returned to the prime central London property market due to declining supply levels, according to the latest analysis. Some landlords have sold or are trying to sell after recent tax changes and this fall in supply... Read more
Removal of cap on borrowing to allow councils to build more homes widely praised
The announcement by the Prime Minister Theresa May that the Government will lift the borrowing cap on councils to allow them to build many more homes has been widely welcomed by the industry. May told the Conservative Party conference in... Read more
New property supply rises considerably across the UK
The number of new properties listed for sale in September across the UK increased by 18.1% in September and by 6.2% compared with the same month in 2017, the latest supply index shows. There was a 45.5% rise in new sellers in London, the highest... Read more
Mayor agrees more affordable homes for the east of London
The Mayor of London’s plans to build more affordable homes in the city has taken another step forward with a new development in the East of the capital approved with 50% affordable. The major development for up to 3,000 new homes, part of the... Read more