Home values news

Price of new build property up by 12% in 5 years

House hunters are paying 12 per cent more for a new property than they were doing five years ago, according to research from the Halifax. The organisation revealed that the average price is now £233,822, nine per cent higher than the cost of the average UK home for all properties. There has been an increase of 40 per cent in the past ten years nationally, up from ...

29th Apr 2013

Halifax: UK property buyers anticipate house price rises

People looking to purchase properties for sale in the UK are feeling increasingly confident of the price increasing across the coming 12 months, a new report from Halifax has found. So far in 2013, the market has started to recover, and the Royal Institute of Chartered Surveyors (Rics) reported earlier this week that the volume of house sales in March was at its highest ...

11th Apr 2013

Optimism growing when it comes to buying property

Prospective buyers of new property are becoming more and more optimistic, according to an industry expert. Dr Catherine Hearnden, chief executive of MyMortgageDirect, said that she has witnessed an increase in applications, interest and purchases in recent times. She noted that the more people read about buying a home the more positive they are becoming. This school of ...

5th Feb 2013

House prices edged up in December across England and Wales

The price of properties for sale in England and Wales at the end of 2012 saw an increase according to new figures that have been reported by the Land Registry. The organisation said that it is now the case that the final month of the year saw prices edge up by 0.8 per cent. This is slightly surprising given that December is normally a slow month for purchasing thanks to ...

30th Jan 2013

House prices stabilise at the end of 2012, says Halifax

House prices across the British market in properties for sale saw a degree of "firming" in the final months of the year, according to the Halifax, as it said that the final quarter had seen the trend from earlier in the year merely strengthened. Last week, the building society reported that many Brits expect to see prices rise in 2013, but the market has seen ...

8th Jan 2013

Rental yields will push landlord portfolios in 2013

Over the course of the past year, improved levels of rental yields for landlords across the UK have been caused by the fact that tenants have continued to improve their demand for rental homes, meaning that prices have gone up and up. This could be set to continue into the new year, with the latest predictions from Halifax saying that the market for properties for sale will ...

8th Jan 2013

First-time UK property buyers in Scotland on the increase

The number of people in the UK who are purchasing their first home has been on the increase throughout 2012 as many lenders have relaxed their conditions for mortgage approval. Now, a newly released report from the Council of Mortgage Lenders (CML) has shown that Scotland in particular is showing strong figures for newcomers to the properties for sale ladder. According to ...

27th Nov 2012

Second-time UK property buyers needing to borrow to more

They may have been of the opinion in the past that they would be able to sell up and simply move to a new house when the time comes to select bigger properties for sale for their families, but new data has shown that second-time buyers are being stung in the current market. According to First Direct, those who purchased a house in 2007 and now want to move are facing hard ...

19th Nov 2012

Bargains harder to find in market towns

House seekers on the lookout for properties for sale at a bargain price will need to look at locations in towns and cities more than small rural areas, after it was revealed that market towns are becoming some of the most expensive UK destinations to live in. According to a newly released report from Lloyds TSB, the cost of buying a house in a market town now sits at ...

16th Nov 2012

Buying a home is 'a bigger commitment than marriage'

More than a quarter of young people who currently live in the UK now see the purchase of a house together as a bigger commitment in life than marriage. According to a survey carried out by Halifax, 28 per cent of 25 - 34 year olds in the country think that taking out a mortgage and buying their first piece of UK property with their partner represents a large statement. It ...

14th Nov 2012