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Average house prices up 4.9% to £225k

Average house prices up 4.9% to £225k

Figures from the ONS and Land Registry show that UK house prices dipped by 0.3% month-on-month in January but climbed 4.9% on a year ago to an average of £225,620. The annual growth rate slowed from 5% in December. In England average prices increased by 4.6% in the year to January, climbing to £242,000. In […]

NORTHERN POWERHOUSE

NORTHERN POWERHOUSE

The so called Northern Powerhouse cities of Manchester, Leeds and Liverpool have joined the Bangkok, Lisbon and Berlin at the top of a list of global property investment hotspots, according to a new ranking report. These cities could soon also be joined by Newcastle and Seattle at the top of the table, offering the best […]

Mortgage market bounces back

Mortgage market bounces back

Mortgage approvals bounced back in January – despite the base rate hike to 0.5%. Some 67,478 mortgage applications were approved, which is the highest number in six months, according to the Bank of England. Remortgage numbers also ticked up on the month to 49,242, though this remains below the recent high of 54,010 in November. […]

Britain has 768k £1m homes

Britain has 768k £1m homes

Britain has 768,553 homes valued at £1m or more, analysis by Zoopla shows, with the figure accounting for 2.7% of the nation’s housing stock. The figure is 143,476 up on August 2016, marking a 22.95% increase. Of the total, 430,720 of the properties are in London. Westminster is the capital’s million-pound property hotspot, with 54,231 homes worth at […]

DIY enthusiasts could face tighter regulations

DIY enthusiasts could face tighter regulations

Homeowners putting in new fireplaces or hanging large mirrors could face fines for not following building regulations. Housing Secretary Sajid Javid has confirmed he is considering expanding the rules after being told that young children are being killed by faulty workmanship, following cases where they had been crushed by fireplaces in their homes. Any new […]

Single buyers find affordable homes in the north

Single buyers find affordable homes in the north

The most affordable areas for single home buyers to buy a one-bed flat in England and Wales outside London are revealed in a new Zoopla survey. Newcastle-under-Lyme topped the list, with buyers typically needing to sacrifice 10.84% of their monthly wage in mortgage payments there. The entire top five is comprised of northern locations, with […]

House buyer demand up by 37%

House buyer demand up by 37%

Demand from prospective buyers looking for new property jumped up over 37% last month, according to new figures from NAEA Propertymark, which also show that a busy New Year also saw more homes put up for sale. However, NAEA suggests increased competition looks set to take its toll this year, with sales to first-time buyers […]

Second home tax hike abandoned

Second home tax hike abandoned

A proposal to pursue a council tax hike on second homes in the Yorkshire Dales National Park has been abandoned following a Richmondshire District Council meeting. Park boss David Butterworth cautioned that much of the progress on building new homes and infrastructure to make the park more attractive for families to live and work now […]


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