News Archive for March - 2018

Asking Prices Hit Record Highs in Key Sectors, Says Rightmove

Average asking price of newly-marketed property have jumped 1.5 per cent - or over Ł4,500 - in the past month, says Rightmove.

The portal says the first time buyers and second-stepper sectors have hit all-time price highs of Ł189,840 and Ł272,031 respectively.

Overall, average asking prices also hit new record in four out of 11 regions as the market has been hit by a five per cent dip in supply compared to the same period a year ...

Boost for Housing Market With Surge in Number of First Time Buyers

The switchback of house price indices and other data on the state of the market has taken a turn for the better with news that there was a seven per cent surge in the number of first time buyers completing in January.

The data, just released by UK Finance, shows there were 24,500 new first time buyer mortgages completed in January 2018, seven per cent ahead of the same month last year.

The average first time buyer is 30 and has a ...

Big Chill Hits Housing Market With Unexpected Drop in Prices

House prices fell unexpectedly in February with the Nationwide Building Society reporting a drop of 0.3 per cent.

This ended some analysts’ expectations of a price rise following January’s 0.8 per cent increase.

Last month’s dip takes the annual rate of house price growth down to 2.2 per cent from 3.2 per cent a month ago.

Robert Gardner, Nationwide’s chief economist, blames falling consumer confidence and the squeeze on household ...