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House price rise 'to be cooled by market conditions'

House prices in the UK will rise by 7.4 per cent in 2014 as cautious lenders and tighter borrowing conditions cool the market. This month sees the introduction of the Mortgage Market Review and this measure is expected to prevent the creation of a property bubble similar to the one experienced during the economic crash, the EY ITEM Club stated in a new report.  It has ...

14th Apr 2014

Prime country house prices recording strong growth

Growth in prime country house prices is outpacing other property types in the UK. There was a 1.9 per cent rise in this housing type in the first three months of the year, while the figure was also 4.5 per cent higher on an annual basis, according to Knight Frank. It represents the fifth straight quarter that prices have risen and the strongest quarterly growth in four ...

11th Apr 2014

House prices news archive

Vigilance needed over house prices, Chancellor warns

The government and regulators need to be vigilant over house price rises to make sure they do not get out of control, according to Chancellor George Osborne. Fears are growing that a bubble could develop as the typical cost of a property continues to increase sharply - Halifax said it was £178,249 in March. Mr Osborne told the Treasury select committee that both the ...

4th Apr 2014

Edinburgh property prices rise in Q1

Property prices increased in the first quarter of 2014 in Edinburgh as buyers' confidence continues to increase.  A 1.3 per cent rise was recorded in the three-month period, which represents the fourth consecutive quarter of growth, figures from Knight Frank reveal.  The Scottish capital is increasingly resembling a sellers' market as people are keen to ...

31st Mar 2014

Buyers expect house prices to rise

Four out of five first-time buyers expect house prices to rise in the next 12 months as the market continues to recover. Only five per cent of people looking to get onto the property ladder think there is any chance that the cost of buying a house is going to fall in 2014, the latest opinion barometer from LSL Property Services shows.  In total, there were 22,400 ...

28th Mar 2014

London house price rises 'will drive out talent'

Young talent may end up leaving London due to the ongoing house price rises, Prince Charles has stated. The royal was speaking as part of the Housing London Symposium and he pointed to National Housing Federation data that suggests there could be a 40 per cent rise in house prices in the capital in the next six years. "This isn't sustainable and risks driving away ...

27th Mar 2014

63% don't see home moves happening in next 12 months

Nearly two-thirds of Britons considering a move to a new house do not think it will happen in the next 12 months. The costs associated with buying and moving is the main barrier, according to Gocompare.com, and so 21 per cent are concerned they will never be able to get onto the property ladder as a result.  People have typically been mulling over their plans for 3.6 ...

25th Mar 2014

Scottish house prices record biggest increase for 50 months

Average house prices in Scotland rose by 3.9 per cent year-on-year in January 2014. The typical property in the country now costs £160,270, according to data from LSL Property Services, with January representing the largest monthly increase for 50 months. It demonstrates the positive sentiment in the housing market at present, with buyers keen to take advantage of ...

20th Mar 2014

Homeowners pay £124 less than renters each month

Homeowners are £124 better off a month compared to renters, according to latest reports. In the past four years the cost of renting a home has increased by 18 per cent, research by Halifax has revealed. Average monthly costs for a property stood at £645 in December 2013, well below the typical figure of £769 for a bought house of similar standing. ...

18th Mar 2014

Four-fifths of UK cities see home affordability rise since 2009

Home affordability has improved in more than four out of five UK cities over the past five years, although this growth has been checked in the past 12 months.  The average cost of a property in the country now stands at £184,215, which represents 5.8 times gross annual average earnings, according to the Lloyds Bank Affordable Cities Review. There has been a ...

11th Mar 2014

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