News Archive for February - 2018

Agents Welcome Latest Evidence of Robust Start to Sales in 2018

Agents have welcomed more data suggesting the 2018 market is enjoying a robust start.

Last week Rightmove reported a record number of visits in January; now HM Revenue & Customs has revealed that the residential transaction count for January was 102,610.

This shows a 1.3 per cent rise on December and is a negligible 0.1 per cent lower compared with the same month last year.

Jeremy Leaf, north London estate agent and a former RICS ...

Ten-Year Fixed Rates On The Up As Early Interest Rate Rise Looms

Over the last few weeks, mortgage lenders have started to adjust their pricing in anticipation of a further interest rate rise by the Bank of England.

This is according to moneyfacts.co.uk, which says there is speculation the next interest rate rise will happen sooner than expected in 2018.

Research by the finance website shows that average rates on decade-long fixed mortgages are starting to creep up from record lows.

Yesterday, ...

So Much For a Slowing Market - House Prices Are Up More Than Expected

Despite a string of property pundits suggesting the market is slowing down, new figures from the Office for National Statistics show a gentle increase.

Prices increased 5.2 per cent in 2017 according to ONS data just released, a rise from the 5.0 per cent in the 12 months to the end of November.

The average UK house price was 227,000 in December 2017, up 1,000 from the previous month and 12,000 more than in December ...