The outlook for the UK housing market is ‘highly uncertain’ despite strong growth in the last 12 months, Nationwide’s chief economist Robert Gardner has warned.
Parents are paying £21,000 more to buy a home near a top state school in England where prices have now reached an average of £268,000.
Average house prices close to Premier League grounds have increased 129% over the last decade, more than double the country-wide average of 55%.
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With the recent anniversary of the assassination of Archduke Franz Ferdinand in 1914 which led to the First World War, you can’t help but reflect about how things have changed over the last 100 years.
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Repossessed properties sold in the six years since the financial crisis sold for around 35% below market value, figures from HML have shown.
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.
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.
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