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13th February 2015
The Royal Institute of Chartered Surveyors (RICS) has found that the housing market is continuing to cool, with just 2% of its members expecting prices to rise over the coming three months, the lowest proportion registered since May 2013. Political uncertainty surrounding the general election is attributed to a fall in demand from buyers, which is causing prices to stagnate. In London 24% more agents and surveyors were found to believe that house prices would continue to fall over the same three-month period than the number recorded in RICS’ last survey, while 19% more claimed buyer demand would also decline.
The Times (12/02/15)
13th February 2015
Lenders are predicting that mortgage rates look set to fall below 1% for the first time. This week, HSBC unveiled a new record low rate of 1.19% for those with a 40% deposit, and First Direct launched a 2.28% five-year deal with a 35% deposit. Brokers say falling fees could follow, as lenders with low rates compete. "It's going to be hard for some lenders to move much further on rates, so it may be that they drop fees instead", said Ray Boulger, of mortgage broker John Charcol.
The Times (09/02/15)
13th February 2015
Halifax has published a “light hearted look at house prices” which ranks the cost of residential property in a number of areas home to TV soaps.. The average price of a home in Albert Square, home to EastEnders, is up 923% since the show began 30 years ago.
The Sun (13/02/15)
6th February 2015
The second phase of the Royal Wharf residential development has just gone on sale, with 760 new properties bordered by the riverfront and a local park now on the market. The Ballymore-designed properties comprise 1, 2, 3 & 4 bed apartments and suites, 2, 3 & 4 bed duplexes, and town houses, ranging in price from £250,000 to upwards of £1,050,000.
The Wharf (03/02/15)
6th February 2015
The latest Land Registry data reveals the average cost of buying a London home has risen by 16.3% in the past year to £464,936. Waltham Forest is the London borough with the largest annual price growth of 25.1%, while Barking and Dagenham has emerged as the most affordable borough to buy a home, with an average price of £265,912.
Evening Standard (04/02/15
6th February 2015
House prices "bounced back" in January, with the Halifax reporting a quarterly rise of 1.9% across the UK. The comparison was with prices in the three months to the end of January with the previous quarter. According to the Halifax prices in January alone increased by 2%, compared with December - the largest January rise for six years. When measured on an annual basis, house price inflation increased to 8.5% - up from 7.8% in December. Halifax said that the average UK house price was now £193,130.
The Times (06/02/14)