House price growth rebounded in July as activity bounces back, with prices up 1.7% month-on-month.
Much has appeared in the press about an exodus from the cities in search of outdoor space. A trickle? Probably. A flood? Certainly not.
With affordability being stretched and rental yields being squeezed, more and more London based investors are heading north
The really useful index from Zoopla/Hometrack shows a modest increase in city house prices. Once again, it is Northern England leading the way.
Last month we commented on the withdrawal of low deposit mortgages for first time buyers. A rumoured extension to Help to Buy did cause some optimism, but things just got worse for those struggling to get on the ladder.
Yesterday's cut in Stamp Duty is a welcome shot in the arm for the UK's housing market. Here's how it will affect buy to let investors - in numbers.
An update to our earlier blog where we said that Ipswich Building Society had withdrawn one of it's key buy to let products as it was unable to process the number of applications.
Now they've pulled them all. Buy to let investors are alive and well.
The Government's promise to "build, build, build" the country's way out of a looming recession is commendable in it's intent, but can it overcome some very obvious hurdles?
National average house prices ground to a halt in June with prices down 0.1% for the first time since 2012. However, there are big variations, with the Northwest up 4.8% year-on-year.
Having devastated their balance sheets through over-optimism back in the noughties, the banks have swung to the polar opposite this time around, factoring a worst case scenario into their lending policies.
Defying the national averages, the UK's major cities continue to see steady house price growth, particularly in Northern England and the Midlands.
Here at PropertyCom, we've been looking for updated forecasts for a while. Kudos to Savills for sticking their head above the parapet. They expect an initial dip in 2020 followed by strong gains from 2021 onwards.
As the impact of the pandemic begins to filter through, annual house price growth slows to 1.8%. Prices are down 1.7% month-on-month, after taking account of seasonal factors.
Spring is the busiest time of year for the housing market, so it comes as no surprise that there has been a surge in demand following it's reopening. The big question, of course, is whether it will be maintained.
The construction industry represents such a high proportion of the UK's GDP that it was no surprise that it was one of the last sectors the Government put into lockdown and one of the first to emerge.