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 [...]
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 Property Market Steadies UK Property Market Steadies. 5 of the UK’s largest property services companies are dropping the Brexit clauses from valuation reports. Therefore, this is a good indicator that the UK property market is beginning to steady after the impact referendum vote to exit from the European Union. Valuation reports included 'Brexit clauses' [...]
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 [...]
Stamp Duty Reform 2016 Budget What changes for property investors? Stamp Duty Reform 2016 Budget what changes for property investors? Now the chancellor George Osborne has delivered the budget for 2016. Labelling “Financial markets” as “turbulent” and insisting “Britain will be stronger safer and better off inside a reformed EU”. Osborne discussed a range of [...]
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 [...]
Manchester has the fastest rising property prices in the UK Manchester has the fastest rising property prices in the UK recording a growth rate of 8.8 per cent. London slipped to tenth place with 5.6 per cent. Manchester had an 8.8 per cent annual price growth on the back of a more than 40 per [...]
Currency Update: Pressure on the Pound Continues Currency Update: Pressure on the Pound Continues. On the 20th March, the government has confirmed that Theresa May intends to trigger Article 50 next Wednesday, March 29th, which will be the beginning of the end of the UK's EU membership. With the triggering of article 50 now confirmed [...]
UK regional property markets well positioned to handle 'Brexit' Investors and property buyers have been speculating on the how the impending triggering of article 50 and subsequent exiting of the EU, will affect the UK housing market. Latest reports suggest that UK Regional Property Markets Well positioned to handle Brexit We have seen the UK [...]
City Homes Least Affordable Since 2008 as Wage Growth Lags
City Homes Least Affordable Since 2008 as Wage Growth Lags
Hanover Square Real Estate July 5th, 2017|Commentary, UK House Prices|
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 [...]