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House prices rise in three quarters of postcodes

House prices in 75 per cent of postcodes across England and Wales registered price gains over the past year, up from a fifth in 2012, according to the property analyst Hometrack. The report found that soaring demand and weak supply has pushed the average home up 4.4 per cent to £206,726 following a 0.3 per cent dip last year. London and the south east experienced the ...

30th Dec 2013

Sales of £1m homes soar to record levels

The number of UK homes sold for more than £1 million this year has reached a new, record high, research has revealed.   Some 9,700 top-end properties were sold in 2013, surpassing the 8,900 transactions recorded during the housing market peak in 2007, figures from Hamptons International, based on Land Registry data, show. Demand for homes worth over six figures ...

27th Dec 2013

Property news archive

House prices to soar 8% next year, says Halifax

Property prices are predicted to soar between four per cent and eight per cent in 2014, according to Halifax. Despite the price rises the mortgage lender said “there is little current sign” of a house price bubble developing as a result of pressure on household finances and the likelihood of more properties coming onto the market. On a national level, house ...

24th Dec 2013

Scottish charities receive £2m boost to tackle homelessness

More than £2.1 million is being committed to housing projects across Scotland, the country's government has announced. Deputy first minister Nicola Sturgeon said the cash will be used to fund services that address homelessness and housing issues. In total, 29 schemes will have access to the funding pot after applying for the Housing Voluntary Grant ...

23rd Dec 2013

North East and Wales lead rental price race

Rental prices in Wales and the North East outperformed the rest of the UK in November, as landlords in the regions cashed in on rises. The North East saw a 10.35 per cent increase in rental prices, totaling £65, while in Wales they rose 7.43 per cent, or £45. Across the country the increase was £10 on average, just a 1.08 per cent rise. The average cost of ...

20th Dec 2013

Over 200,000 homes at risk says homelessness charity

Over 200,000 households in England could be repossessed or evicted, homelessness charity Shelter has warned. Worst-hit areas include London, Nottingham, Luton and Salford. One in every 105 homes across the country is considered to be at risk. Shelter chief executive Campbell Robb said that there is a problem in "just about every town, every street, with people really ...

19th Dec 2013

Gross mortgage lending remains healthy

Gross mortgage lending dipped in November, but year-on-year it remains healthy. The latest figures from the Council of Mortgage Lenders (CML) show lending at £17bn during November, up from £13bn compared to last November. However, lending fell four per cent between October and November. Bob Pannell, CML chief economist, said that although he expects lending to ...

19th Dec 2013

Green Belt at risk claims National Trust

England's Green Belt is at risk from local councils, a new survey from the National Trust claims. The charity say that 51 per cent of those local authorities it surveyed aim to use Green Belt land for development, despite the longstanding reluctance to build here rather than brownfield land. These findings come in the wake of the government's National Planning ...

19th Dec 2013

Property sales in Scotland enjoy autumn boost

Property sales in Scotland are up by almost a quarter over the last three months, suggesting a return to health for the market north of the border. The latest figures from LSL/Acadata show a one per cent annual rise in house prices, up £1,368 compared to October last year. Gordon Fowlis, regional managing director of Your Move estate agency, said that it is ...

18th Dec 2013

Housebuilders reject claim they are hoarding land for profit

Housebuilders have spoken out against suggestions they are holding onto land hoping it will rise in value. Politicians such as Labour leader Ed Miliband have attacked housebuilders in recent days, accusing them of slowing down the building process and failing to provide enough homes. However Pete Redfern, chief executive of Taylor Wimpey, said that land was used "as ...

17th Dec 2013

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