UK annual house prices rising at slowest rate for five years. London dragging rate down while best performing regions include the East Midlands
East Lindsey showing a 1.7% increase in property prices over the last 12 months according to the BBC - but can you afford to live here or would you be better off living somewhere else in the UK? Enter you postcode & take a look how it compares
Halifax data comes days after Nationwide reported that UK house prices fell in February
Halifax said they expected price growth to remain low.
The annual rate of house price growth has fallen to 1.8%, its lowest level for almost five years, according to the Halifax.
With the most recent official data showing earnings growth averaging 2.5%, that means that unusually, wages are currently outpacing house prices.
The mortgage lender said the average property price nudged up by 0.4% – or £891 – during February following two months of falls, but added: “We expect price growth to remain low.”
The Halifax’s figures come days after Nationwide reported that UK house prices fell unexpectedly in February for the first time in six months, as the squeeze on household incomes and weaker economic backdrop weighed on the property market.
According to the Halifax’s data, an annual growth rate of 1.8% – down from 2.2% in January – is the lowest since March 2013. As recently as February 2017 the figure was 5.1%. The Halifax put the average cost of a UK home at £224,353.
Russell Galley, the bank’s managing director, said he believed that low mortgage rates, combined with an ongoing shortage of properties for sale, “should continue to support house prices over the coming months”.
Take a look at this months price changes and activity in the Skegness area (click on either image to link to the page)
Third of sellers have REDUCED their house price this year due to slowdown in property market
Some 37 per cent of properties listed on the website have had their prices reduced compared to when they first went on sale - the highest level since ...
Selling Your House - A Bit Like Selling Your Life
The current depression in the UK property market is well documented, but it's ... The emotional impact of being unable to sell my house is really weird.
UK Property prices to rise by 56% over the next decade
The latest research from online estate agent eMoov has revealed that property prices will continue to surge ahead during the next decade.
Want to live in a lighthouse? These interesting properties will change your life
These interesting properties will change your life .... Barn Cottage are on the market with Finest Properties (01434 622234; finestproperties.co.uk).
Cities blamed for rising house prices
The Tri-City News
Port Moody Mayor Mike Clay agrees a shortage of inventory is contributing to higher home prices and acknowledges that the slow pace of approvals is ...
UK mortgage approvals hit 9-month low
LONDON--The number of new home loans approved in the U.K. fell in June to its lowest level in nine months, a sign the country's housing market may ...
Why have Countrywide and Foxtons seen their profits nosedive?
Hampstead and Highgate Express
Research by online property agent eMoov.co.uk has shown that it could take the UK property market seven and a half years to recover back to its ...
Property market still looking to rebound from election
According to Garrington, since the election took place last month, the average price in the prime property market across the UK has fallen by some ...
Property CRASH: It would take the UK market THIS long to make a full recovery
THE PROPERTY crash of 2007 had a devastating impact on the UK market, but what would the recovery time be if one happened again in the current ...
Is UK housing at risk of another downturn?
Recent months have seen the UK housing market coming under pressure, with data consistently providing a picture of slowing and even negative ...
Brexit, moving abroad and mortgage advice
... is of the belief there is little impact so far: "There has been no slowing of property transactions and interest by global funds in the UK property market ...
Lenders urged to adopt UK property crash metric
The UK property industry has developed a new way of measuring real estate values that it hopes will help smooth the market's notorious cycles of ...
These cities saw house prices fall in spite of national trend
Mortgage Professional America
Home prices may be reaching the stratosphere as they continue their steady rise, but bargain hunters may still find a few cities a respite from the ...
Queen's Speech confirms letting fees will be banned in England
Several policies set out in the UK Government's Housing White Paper ... and transparency in the market and allow for the building of more new homes.
The UK housing market is definitely struggling – but will it tip over into a crash?
Last week, Nationwide – which has one of the longest-running monthly reports on house prices – said that prices had fallen by 0.2% in May. It's the ...
How will Brexit affect interest rates and the mortgage market?
Property Investor Today
Article 50, the starting gun for the UK to leave the European Union was triggered on the 29th March and now the UK property market braces itself to ...
House prices in England and Wales hit record high: first-time buyers lead the national market to the ...
Homes and Property
Buoyant spring sales create optimistic outlook for house price growth ahead of the snap General ... UK house prices: how does your region compare?
Average property prices hit record high of £313000 - here's how you can get help buying a house - The Sun
London house prices: average asking prices in the capital fall at biggest rate in eight years while ... - Homes and Property
This Is How Much An Average Home Costs Now - Refinery29
Article 50 will be Triggered by Theresa May Today
Landlord News (registration) (blog)
He says: “As the UK prepares to separate from the EU following the triggering of Article 50, it will be business as usual as far as the property market is ...
Housing affordability: Victoria's stamp duty cuts will push up prices: experts
The New Daily
House prices will increase thanks to a Victorian government decision to scrap stamp duty on some properties, according to experts who warn the ...
UK property market remains robust despite slight slowdown
Property Investor Today
The UK property market remains strong despite a marginal slowdown in activity levels last month, new data shows. The latest analysis of sign boards ...
Property prices near popular farmers' markets PUSHED UP thanks to trendy foodies
TRENDY foodies have pushed up the price of property near popular ... across Britain, where there are 12,418 streets with an average property value of ...
Residential property transactions up 4.9%
... the housing market continues to grow in value and the worth of UK housing stock is rising, transaction volumes are not following the growth curve.
UK house price growth will slow to 3% in 2017, say surveyors
UK house price growth will slow in 2017 but the legacy of insufficient housebuilding will mean that demand will outstrip supply and lead to a 3% rise ...
UK house prices likely to rise by around 3 pct in 2017 - RICS - Reuters
U.K. Home-Price Growth Expected to Slow in 2017 - Bloomberg
Home owners in UK still confident about outlook of housing market going into 2017
Home owners across the UK believe that the value of their home rose over the last month and also think they will keep rising in 2017, the latest ...
House prices are already shooting up along the Elizabeth line
Property prices along the much-anticipated Elizabeth line - also known as Crossrail - are already shooting up. Average house prices near the stations ...
London house prices already feeling Crossrail effect - FT Adviser
Cost of a home along Crossrail's Elizabeth line in London nearly DOUBLES in two years - The Sun
Hipster hotspots pushing up house prices in major cities
Major cities across Britain are becoming home to "hipster hotspots" - pushing up house prices strongly in places such as Bristol, Manchester and ...
Stamp duty changes hitting house sales at the lower end of the market
A study by the Berkeley Group, one of the UK's biggest housebuilders, found the market in the south east “is slowing, both in terms of second hand ...
“Resilient” property market means first time buyers continue to struggle
... its housing monitor found. For every new property that comes onto the market in the UK, there are nine potential buyers. Homelet data has indicated ...
UK house prices continue to climb steadily in September
The price of homes across the UK has continued to climb steadily throughout the second half of this year, showing that the political uncertainty that ...
How to put your children onto the property ladder (without acrimony)
With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will ...
House prices experienced biggest rise since March
According to Halifax's latest house price report, October saw a house price increase of 1.4%, making it the biggest monthly rise since March.
This page is an easy way of keeping on top of all the latest property related news, in Skegness, Lincolnshire, the UK and World!