Britain's Property prices rise nationwide Britain's Property price rise by 5.1% in the 12 months to July 2017. The average property value is now £226,185. according to the latest official figures. Month on month prices have risen by 1.1%. The UK house price index overall, shows that there is a slowdown underway in London. The [...]
Rents Rise In Britain's Property Market Rents Rise In Britain's Property Market with the average rent up 2.4% across the UK in the year to August 2017 shows the latest index. Average rents across the UK rose by 2.4% in August compared to the same month a year ago. This is the highest rate of [...]
UK Property Prices Rise in November UK Property Prices Rise in November and are continuing to show resilience since the ‘Brexit’ vote. The latest index figures showing a 0.1% price rise in November. Year on year price growth is down to 4.4% from 4.6% in October. Therefore taking the average price of a home to [...]
UK Property Values Up Year to May The property market shrugged off any potential referendum turmoil. Recording a 3.3 per cent annual rise in values to May. Values have risen £7,400 on the cost of a typical three bedroom semi at £220,706, said the Halifax. There has been “virtually no change” in house prices over [...]
UK Interest Rate Cut The UK interest rate cut has lowered the Bank of England base rate from 0.5% to just 0.25%. This cut is a new low for the base rate which has been 0.5% for seven years and now we look at how this will affect savers, borrows and the property market. For [...]
House Prices Rise Despite 'Brexit' Fears UK house prices rise despite 'Brexit' fears suggests the latest data from Halifax Bank. The Halifax report indicates that the house prices in the UK are remaining strong ahead of the EU referendum. In Halifax’s monthly house price index, Halifax said the average house price actually rose by 1.4% [...]
Effects of Brexit One Month After There was and still is some uncertainty surrounding the effects of Brexit one month after now since the UK voted to leave and invoke article 50. Accurately measuring what impact the vote will have will take some time due to the complexity of collating and data processing. As the [...]
UK Vote to Leave the EU | What does it Mean for the Property Market? UK Vote to Leave the EU | What does this mean for the UK property market? Cheaper pound lures overseas property investors from the Middle East and Asia. The results are in. The UK Vote to Leave the EU | [...]
Rental Demand in Manchester Rental Demand in Manchester is soaring, it is now reported that nearly 30% of housing in Manchester is privately rented. The market is in high demand and the under-supply of private rented accommodation is expected to rise by up to 40% over the coming 10 years. The UK’s 2nd city, is [...]
Autumn Statement & The Property Market
Autumn Statement & The Property Market
Hanover Square Real Estate November 28th, 2017|Commentary|
Autumn Statement & The Property Market Phillip Hammond’s second budget as chancellor in his inaugural Autumn Budget has been delivered on Wednesday, November 22nd. We look at the Autumn Statement and how it affects The Property Market. In a bold move, Chancellor Philip Hammond has abolished stamp duty for most first-time buyers in England and [...]