More than a quarter of working 20- to 34-year-olds still live with their parents, with many unable to afford to buy or rent a place of their own.
House prices in June were 6.4% higher than a year ago although the market saw no growth between May and June, figures from the Land Registry have shown.
The Bank of England’s assessment that mortgage lending poses no immediate threat to financial stability has come as music to the ears of the market after rumours of a crackdown that could have thrown the recovery into reverse.
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Recently released statistics from Knight Frank and the RICS have dismissed the notion of a UK housing bubble.
The average house price in London grew by more than a fifth in the last year, the latest data released by from the Office for National Statistics has shown.
House prices fell back in June but remain significantly higher than a year ago, new data released by Halifax has shown.
The housing market now poses the biggest risk to the UK’s economy, Bank of England deputy governor Sir Jon Cunliffe has warned.
House prices in London have risen by more than a quarter in the last year, with some now describing the capital’s property market as ‘unsustainable’.
House prices continued to rise across England and Wales during May, figures from the Land Registry have shown.
More than 2,000 properties were purchased using a Help to Buy equity loan in the last month, figures from the government have shown.
Central bankers are to confirm later today whether they will act on growing concerns about the housing market.
Expectations for future price growth hit a record high with households in every region expecting the value of their homes to rise.
The implementation of the Mortgage Market Review (MMR) has been branded ‘overzealous’ and responsible for a levelling off of asking prices.
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