Average mortgage rates have been steadily decreasing since July, providing a more stable and predictable environment for homebuyers compared to the volatility of the previous year’s mortgage market. Currently, the average two-year fixed rate stands at 5.52%, and the average five-year rate is 5.11%. Despite the improved outlook for mortgage…
Read MoreThe year has exceeded expectations, with sellers adopting more competitive pricing strategies. The average property asking price is now £362,143 and the average rent £1,231 PCM The current year is surpassing expectations, with sellers adopting more competitive pricing strategies. This month, average new seller asking prices have decreased by 1.7%…
Read MoreThe UK’s average house prices broke a streak of six consecutive monthly declines in October, witnessing an increase of nearly £3,000 compared to September’s values, as the cost of a typical home rose. The latest data unveiled by Halifax has reported an unexpected surge in average housing prices for the…
Read MoreRising levels of homes hitting the market have compelled sellers to price their properties more competitively. This shift has led to the typical seasonal increase in asking prices for October dropping to its lowest point since 2008. While September saw a modest 0.2% uptick in asking prices, it serves as…
Read MoreAccording to the latest market analysis by Rightmove, the average price of properties entering the market this month has decreased to £371,907, representing a slight 0.2% dip below the usual 0% trend for this time of year. Despite this decline, price trends have displayed resilience and have exceeded expectations during…
Read MoreRightmove has reported the price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years. February picks up where January left off, as the second month of the year proves…
Read MoreMonthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland and Land and Property Services Northern Ireland. Average house prices in the UK have increased by 4.9% in the year to January 2018 (down from 5.0% in December 2017). The annual growth rate…
Read MoreStamp Duty changes will boost business and house prices. The government has grasped the Stamp duty nettle and has done away with the so-called “slab system”, which has meant that for years a house sold for £250,001, rather than £250,000 attracted an extra £5,000 in stamp duty.
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