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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

Four regions of the UK saw house prices grow more this year than in the two years before combined, according to the property portal Zoopla.  In the South East, South West, East of England and the North East, prices have risen by £23,500, £23,000, £20,400 and £8,300 respectively in the last 12 months alone. House … Read more

The Bank of England plans to remove the rate rise stress test for mortgage borrowers, making it easier to get a bigger loan.  It will consult on scrapping the rule which requires applicants – whatever the initial rate they are applying for – to prove they could pay their lenders’ higher standard variable rate of … Read more

The frantic pandemic property market will ease and return to ‘closer to normal’ but house prices are still expected to rise 5 per cent in 2022, Rightmove said today. The typical property asking price dipped in December, down 0.7 per cent, or £2,234, according to the property listings portal giant. The typical home coming fresh … Read more

Dearth of homes coming up for sale now ‘holding back’ activity in the property market as prices keep rising amid strong buyer demand The number of homes being listed fell last month, data from the Rics suggest Buyer enquiries are up, but sales fell amid low listing levels, findings add Price growth strong in Wales … Read more

House price inflation returned to double digits in November, as the property market shrugged off the end of the stamp duty holiday, according to new figures.  The average home now costs £22,966 more than a year ago at £252,687, after house prices increased by 10 per cent annually in November, against a rise of 9.9 per cent … Read more

Potential homebuyers looking to take out a mortgage are being warned about using buy now, pay later schemes, after it was revealed that four major lenders are quizzing borrowers about their use when they apply for decisions in principle. Buy now, pay later allows shoppers to defer or split payments when shopping online. Some of … Read more

House deposits have hit an all-time high relative to people’s earnings, with the average first-time buyer now putting down 110 per cent of their annual income to secure their home. A 20 per cent deposit on a home now costs the equivalent of 110 per cent of the mean, pre-tax annual earnings of a full-time … Read more

Property market branded ‘unsustainable’ by estate agency body boss as figures reveal 24 BUYERS for every home listed for sale There were 511 buyers registered with the average estate agent in October  There were only 21 homes for sale per branch, according to Propertymark  Chief executive said this could not continue and Christmas may calm … Read more