Stock levels return to record lows as agents warn Brexit continues to weigh on the property market
Brexit remains a “critical factor” swaying buyers and sellers in the property market, estate agents are warning as stock returned to a record low last month. The latest RICS Residential Market Survey found that [...]
House price growth surges by record monthly high of 6%
House prices grew by the highest monthly rate on record in February, Halifax figures reveal. The latest Halifax House Price Index shows average prices last month were up 5.9% on a monthly basis to [...]
Mortgage approvals hit record highs in UK regions despite property market lull
Banking trade body UK Finance has unveiled lending data showing how well first-time buyers, home movers and those remortgaging fared during 2018 in the UK regions of London, Scotland, Wales and Northern Ireland. Despite [...]
Housing transactions inch upwards as year begins
There were 101,170 housing transactions in the UK in January, HMRC has reported. The figure, on a seasonally adjusted basis, was up by 0.8% on the previous month and by 1.3% on January last [...]
New asking prices continue to tiptoe up as Rightmove claims affordability has improved for buyers
New asking prices rose 0.7% this month – equivalent to an extra £1,981 on the average price tag. The jump, consistent with the average 0.6% February uplift in the last two years, brings new [...]
Repossessions fall to lowest level for almost 30 years
Repossessions last year fell to their lowest level for almost 30 years. There were 4,580 home-owner possessions, the lowest since 1980. That year, there were 3,480 possessions, and 6.2m outstanding mortgages. At the end [...]