The average asking price for properties entering the market has surged by 1.1% this month, reaching £372,324, a mere £570 shy of the record set in May 2023. This rise in asking prices reflects a 1.7% annual growth rate, marking the highest level seen in a year. A...
House prices demonstrated a greater annual growth despite a slight decline of -0.2% in March, as reported by Nationwide. The first quarter of 2024 witnessed significant growth in northern regions, particularly the North East (2.3%) and the North West (1.6%). London...
In today's Budget announcement, Chancellor Jeremy Hunt revealed several key changes affecting the property market. Firstly, he announced the elimination of tax relief for furnished holiday lets and the abolishment of Stamp Duty relief on multiple properties, citing...
Here are all Jeremy Hunt's headline budget announcements: National insurance cut by 2p in April - from 10% to 8%; Freeze on alcohol duty extended until February 2025; 5p cut to fuel duty to continue for 12 months; Abolishment of non-dom status - a Labour idea that...
UK house prices have seen their first annual increase in over a year in February, buoyed by a decline in borrowing costs according to a survey conducted by Nationwide. The average price of a home climbed to £260,420, marking a 0.7% rise from the previous month and a...
Investing in property in the UK in 2024 is a decision influenced by various factors, including individual circumstances and investment objectives. However, property investment is widely regarded as a prudent and profitable venture with several compelling reasons to...
UK house prices experienced a stronger-than-expected rise in February, marking the first annual increase in over a year, as reported by lender Nationwide. This growth underscores signs of a market recovery, fueled by easing mortgage rates. In February, the average...
In February, the UK property market witnessed a modest increase in new seller asking prices, according to data from Rightmove. The rise of 0.9%, equivalent to £3,091 in monetary terms, brought the average asking price to £362,839. This uptick follows the typical...
In 2024, Birmingham, the UK's second-largest city, emerges as a prime destination for property investment, boasting a landscape ripe with growth and innovation. Its thriving economy, coupled with impressive infrastructure developments and a diverse property market,...
A prominent forecasting study suggests that the UK economy will experience a boost in the second half of the year due to declining inflation and lower interest rates, leading to increased growth and enabling the government to offer pre-election incentives. The...
Manchester is poised for exceptional economic growth, solidifying its position as a pivotal player in the UK's economic landscape. Projections from EY's latest regional economic forecast indicate that between 2024 and 2026, Manchester will emerge as the...
Liverpool presents a compelling opportunity for investors eyeing the property market in 2024. Fueled by a sizable student population and expanding workforce in burgeoning industries like digital technology and life sciences, the demand for rentals in Liverpool remains...
According to Reuters an industry survey, the prices of homes listed for sale in Britain have recorded their first annual increase in six months, driven by a strengthening demand from buyers, which adds to the signs of stabilization in the housing market. Rightmove, a...
In December, UK house prices marked a third consecutive monthly increase, rising by 1.1%, according to Halifax, the country's largest mortgage lender. This follows a 0.6% uptick in November and a 1.2% surge in October, bringing the average home value to £287,105,...
In December, house prices showed no significant change, resulting in an overall decline of 1.8% for the entire year, as reported by Nationwide. However, this average masks notable regional variations. East Anglia experienced the most substantial annual decline at...