Rents to rise faster than house prices, says Savills – BBC News – BBC News

Rent on property in Britain is due to rise faster than house prices over the next few years, a study from Savill’s has shown. The cost of rent is predicted to rise by 24.5% while prices on property will go up just 10.9%. This has been attributed to post-Brexit uncertainty and weak consumer sentiment. Rents […]

Lending figures show recovery in UK home lending – Property Wire

After a mid-year slump in demand, the Bank of England has reported some recovery in the UK home mortgage market in October. Public expectation seems to be that interest rates will rise, so a desire to secure low interest deals is one factor driving current mortgages and remortgages. Uncertainties surrounding Brexit negotiations may also have […]

Hipster hotspots pushing up house prices across the UK – The Independent

Some areas in Britain have seen their average property prices jump due to the fact that they are viewed as “hipster hotspots”. These areas are popular with young, creative, upwardly mobile types. Examples of these areas include Dalston and Shoreditch in London, while outside of London Chorlton in Manchester, and Montpelier in Bristol have seen […]

Why buying properties in Britain is good parenting for Hongkongers … – South China Morning Post

Smart Chinese, both from the mainland and from Hong Kong, are taking advantage of the UK’s property market and superior educational facilities to plan for their children’s future. Often while their children are still very young, forward-looking Chinese parents are investing in properties close to schools and universities where they plan to send them for […]

5 Things Every First-Time Home Buyer Needs to Know – Yahoo Sports

Planning to buy your first home? Here are five things you should bear in mind. 1. Experts say you should not commit to monthly payments greater than 28% of your gross income. 2. Find a real estate agent who is familiar with your area. Interview at least two before choosing one. 3. Be prepared to […]

Buying property cheaper than renting in two-thirds of UK cities – Scotsman

Zoopla reports that buying a two-bedroom home is now cheaper than renting one in 60% of UK cities, assuming a 10% deposit. The difference is most pronounced in Scotland and the North, whereas in the south and especially in London, renting may still be the more cost-effective option. In April, cuying was cheaper in only […]

Home ownership in England at lowest level in 30 years as housing crisis grows – The Guardian

According to a London-based think tank, The Resolution Foundation, England’s housing crisis is spreading; creeping northward. In the early years of the new millennium home ownership rose as buyers rushed to take advantage of readily available mortgages. Prices rose rapidly, increasing at up to 20% p.a. In response, the number of new buyers started to […]

Bank of England confirms house price recovery – The Week UK

The latest Nationwide house price index reveals that house prices have risen in November by an average of 0.1% to £204,947. Nationwide also said that house buying activity increased in recent months, with mortgage approvals increasing in October. Prices are expected to keep rising in the near term, however they may not keep pace with […]

Fresh calls to abolish stamp duty over fears the bill deters FTBs | UK … – Express.co.uk

Experts are suggesting that stamp duty should be reformed or abolished entirely so that first time buyers can get a foot on the property ladder. Most FTBs find meeting upfront costs is the most difficult part of buying a home, and 60 per cent say that they’d be more likely to buy without stamp duty. […]

Despite a spike in mortgage rates, first-time home buyers are coming back – Business Insider

Sales of housing to first time buyers has been decreasing over the past few years, dropping to a 30 year low of 32% in 2015. However, signs are good that this trend is now reversing, as sales to first time buyers has risen to 35% in 2016. Fewer first time buyers also reported their mortgage […]