A record high of homes are currently on the market for sale in the UK since 2016 Supply of homes for sale is 20% higher than this time last year, with £230bn worth of housing for sale, up £45bn on this time last year The average estate agent has 31 homes for sale, the highest […]
Record High of Homes for Sale Since 2016 Read More »
Buyer confidence is improving and 12% more homes are going under offer compared to this time last year. Mortgage approvals for home purchases are also up 32%. Sales agreed volumes up 12% year-on-year as house prices stay static Homes in the south are currently seeing negative price inflation in the UK 64% of homes are
Sales increase as homes hold their value Read More »
Which improvements add the most value to your home? A loft conversion, off-street parking and a kitchen redesign are thought to add the most value to a home Check your home’s current value so you can understand which improvements will get the best return on investment Research local house prices to see what buyers will
What home improvements add the most value to your home? Read More »
We find an increasing amount of home buyers returning to the market, with more sellers putting their home back on in February 2024 after the quieter winter months of December and January. Buyers and sellers are returning to the housing market in growing numbers, boosting sales across the UK London is leading the way in
Demand for homes is up 11% in 2024 Read More »
The Bank Rate has remained unchanged for the fourth time in a row since it was raised from 5% to 5.25% in August 2023. Rate cuts aren’t expected until later in the year but mortgage costs have still been falling. The Bank Rate remained at 5.25% today, despite hopes it would come down Inflation has
How the housing market is affected by inflation, interest rates and global events Read More »
2024 has begun well for the housing market, with buyer demand up 12% year-on-year and the number of sales agreed climbing 13%. Last year’s rising mortgage rates saw many buyers delay moving, but with rates dropping below 5% in January, more began returning to the market. Demand is definitely up, but it’s still 13% below
House prices begin to stabilise as more sales are agreed Read More »
Jeremy Hunt’s Autumn Statement revealed that inflation has now fallen from a high of 11.1% to 4.6%. The government anticipates it will fall to 2.8% by the end of 2024 and to 2% by the end of 2025. The Bank of England is expected to start cutting rates next summer. If mortgage rates begin to fall,
Inflation is down, what about house prices and mortgages? Read More »
More than a third of UK homes have lost value in the last 6 months, wiping £85 million from the housing market. That’s 11.1 million properties that are less expensive than they were last November, each losing an average of £7,700. But UK homes are split almost equally between those gaining value (32%), those seeing
Market prices; the ups and downs of homes in the UK Read More »
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility. Remote working has permanently changed the housing market as it enables people to leave cities and live in the countryside This has lead to greater price growth in rural areas, but
How working from home is affecting house prices and rents Read More »
Inflation starts to fall, however interest rates are still going up. Inflation falls below 10% for the first time since August last year but the drop was smaller than expected, suggesting interest rates have not yet peaked. Inflation has fallen below 10% for the first time since August last year but interest rates are expected
Inflation and Interest rates; what’s going on? Read More »
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