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% [...]
UK House Prices have Risen 10.1% UK House Prices have Risen 10.1% in the first three months of 2016 by 2.9%, compared with the last three months of 2015. Halifax Housing Economist Martin Ellis, said “House prices in the first three months of 2016 were 2.9% higher than in the final quarter of 2015. The annual rate has grown from 9.7% to 10.1% in March.” “Current market conditions, however, remain very tight with an acute supply/demand imbalance continuing, together with continuing low interest rates and a healthy labour market, indicate that house price growth is set to remain robust.” Key Facts UK: House Prices have Risen 10.1% House prices in the three months to March were 10.1% higher than in the same three months a year earlier. This was higher than the 9.7% rise recorded in both January and February. The annual rate has been within the 8%-10% range for nearly the whole period since the start of 2015. House prices rose by 2.6% between February and March. The quarter on quarter change is a more reliable indicator of the underlying trend. Monthly house price changes can be volatile. (Source:Halifax House Price Index 2016). Supply remains very low despite more sales instructions. New instructions by home sellers increased for the third successive month in February following ten monthly falls in a row. This rise, however, was not sufficient to prevent the stock of secondhand properties for sale falling as sales increased. The stock for sale remains close to record low levels. (Source: Royal Institution of Chartered Surveyors’ (RICS) monthly report). Many of the currencies in the Gulf are pegged against the US dollar. As we experience a period of dollar strength, it is an opportune time for buyers from the Middle East region to buy property in the UK as the strong dollar increasing overseas purchasing power from the. Please contact our Dubai or London office to buy property in the UK. […]
UK Property Market: Sales and Prices both rise Figures from HMRC report Sales of UK property have increased by 4.9 per cent month-on-month, despite market uncertainty following the EU referendum 95,000 homes were sold in June, an increase of 6,000 more transactions in May With sterling falling against the dollar and euro, the UK market [...]
UK House prices set to rise for the next 50 years, continuing to outstrip incomes, warns ex-Bank of England economist UK House Prices Set To Rise For The Next 50 Years; continuing to outstrip the average income which won't keep pace with the escalating cost of housing. Therefore, the continued property price rise will put [...]
Annual house price growth remains broadly stable at 4.3% The annual rate of house price growth remained "broadly stable" at the start of 2017 at 4.3%. Therefore, just below the growth rate in December of 4.5%, according to the latest Nationwide house price index. House prices increased by 0.2% over the month, after taking account [...]
City Homes Least Affordable Since 2008 as Wage Growth Lags City Homes Least Affordable Since 2008 as Wage Growth Lags. By Lucy Meakin | Bloomberg | 25 February 2017, 04:01 GMT+4 The affordability of a home in U.K. cities is the worst in almost a decade, with the average house price nearly seven times annual [...]
UK Property Prices Rise in December UK Property Prices Rise in December. The latest figures from the Halifax reveal that the UK house price average rose by 1.7% in December; adding nearly £4,000 to the average house value. The rise takes 2016 increase to 6.5%. Therefore, pushing ratio of prices to earnings to just shy [...]
UK House Prices Expected to Rise UK House Prices Expected to Rise by a projected £40,000 in the next 5 years’ time. This is despite the uncertainty and "tremors" caused by the result of the EU referendum, according to forecasts from one think-tank. The Centre for Economics and Business Research (Cebr) said that even though [...]
House Prices Rising Fastest In Manchester House Prices Rising Fastest In Manchester; with annual growth of 8.8% and quarterly growth of 3.4% compared to the national average values up by 6.4% year on year and 3.5% in the first quarter of 2017. with average values up by 6.4% year on year and 3.5% in the [...]
UK Property Prices Rise in November
UK Property Prices Rise in November
Hanover Square Real Estate September 11th, 2017|Commentary, UK House Prices, UK Property News|
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 [...]