Rics: House prices will keep rising as buyers outweigh sellers

A shortage of homes coming up for sale is continuing to drive property prices higher, fresh data has revealed. Enquiries from buyers looking to move increased in December, but the average number of homes on estate agents’ books remains low, according to the Royal Institute of Chartered Surveyors’ latest survey. The ‘mismatch’ between supply and … Read more

House prices shot up £25k in a year in November 2021, ONS says

Property prices surged 10 per cent annually in November 2021, according to the latest official figures. This marked a small increase in price inflation compared to October, when prices grew by 9.8 per cent, the Office for National Statistics’ house price index shows. The average house price was £271,000 in November 2021, which is £25,000 … Read more

Five most viewed homes for sale on Rightmove after festive surge

These were the properties that were viewed most online between Boxing Day and New Year, according to the property portal.  1. Lytham St Annes: £2.5million This home in the town of Lytham St Annes in Lancashire won an award for the best residential conversion of an existing home It has unique interior décor throughout, including … Read more

Number of first-time buyers reaches highest level since 2006

The number of buyers taking their first step on to the property ladder has reached the highest level since 2006, new research has revealed.  Across Britain, there were 408,379 mortgaged first-time buyers in 2021, according to analysis by Yorkshire Building Society, up from 300,307 in 2020. It represents the first time the total has passed … Read more

Average UK house prices end year at record £254,822

Here are average house prices in the fourth quarter of 2021, followed by the annual increase in cash and percentage terms, according to Nationwide Building Society: – Wales, £196,759, £26,913, 15.8 per cent – Northern Ireland, £167,479, £18,096, 12.1 per cent – South West, £294,845, £30,333, 11.5 per cent – Outer South East (includes Ashford, … Read more

Prime house price growth in Britain reaches a 1-year high

Price growth among Britain’s most expensive homes hits a 10-year high and prime Cotswolds property values surge by nearly a QUARTER Value of ‘prime’ properties grew 9.3% in 2021, according to Savills This was the biggest annual rise since 2010, the high-end estate agent said Cotswolds, Devon and Cornwall and Surrey were the hottest markets … Read more