Teesside property prices: How much did the value of your house rise – or fall – last year? – Gazette Live

New data on house prices in Teesside are showing a mixed picture. Some areas showed a rise in property prices whereas some areas fell. Overall Middlesbrough was the worst performing area, along with Stockton. However, house prices in Hartlepool rose by 4.9%. The North East area continued to have the lowest priced housing in the […]

Property prices in Birmingham are rising faster than London – Birmingham Mail

House prices in Birmingham are outpacing London, which are showing the lowest pace of growth for four years. Experts say they expect house prices in London to soon reach a 0% standstill, whereas prices in Birmingham continue to rise. Birmingham also overtook other major cities such as Manchester and Liverpool. Property prices in Birmingham are […]

Bristol house prices outpace rest of UK cities in 2016 – The Week UK

The housing market continues to defy the Brexit vote and picked up again in February after a slowdown in January. Prices were 4.5% higher annually, however a spokesman for Nationwide has predicted that the pace of growth will slow down this year as inflation and the weakening of the pound leaves people with less money […]

Buying a property is still cheaper than renting but at £705 a month to buy a three-bed house verses £759 to rent … – Daily Mail

The cost of buying a property is still cheaper than renting but the cost difference between the two has come down in recent years. Renting was £962 a year more expensive in 2011 but that figure now stands at £651. Mortgage rates are lower than five years ago but additional costs associated with buying a […]

London house prices ten times earnings – ITV News

London is behind only Oxford as the least affordable city in the UK. A recent study has shown the average house price now stands at 10 times the average person’s yearly earnings. The other three cities making up the least affordable top five were Winchester, Cambridge and Chichester. Stirling in Scotland was shown to be […]

UK house prices ended 2016 with strong growth, latest index shows – Property Wire

The latest index data shows house prices in the UK increased by over 7% in the 12 months ending December 2016. Prices also increased by 1.2% between November and December. This took the average price of a property in the UK up to £219,544. The biggest monthly increase for the last month of 2016 came […]

House prices rose by £1250 a month in 2016, official figures reveal, as first-time buyers bounced back – This is Money

House price inflation in the UK rose to 7.2% in December. This came as house prices rose by £1250 for each month of the year, and by £15,000 annually in 2016. The cost of the average home in the UK now stands at £220,000. The data also shows that despite high costs, first time buyers […]

UK housing market showing ‘stoic resilience’ – Re:locate Magazine

House prices in the UK rose by 6.7% during 2016, meaning that prices rose overall by £14,000 during the year. The area with the most expensive properties is unsurprisingly London, whereas the region with the lowest house prices is the North East of England. The average home price now stands at between £218,000 – £234,000 […]

First-time buyer subsidised homes ‘will be built this year’ – BBC News

The government has vowed to start building its promised homes especially for first time buyers. Buyers between 23 and 40 will receive a 20% discount on the market value price. The houses will be built across 30 areas in the UK after the government provided £1.2 billion as part of its “Starter Homes Land Fund” […]

Small deposit buyers see strong start to 2017 – Financial Reporter

First-time buyers and borrowers with deposits less than 15% saw their share of the mortgage market rise to 18.7% in January, according to the latest e.surv data. This number has been steadily rising, from 16.1% in December and just over 14% last January. Yorkshire was the region with the highest proportion of small deposit buyers […]