Halifax: House prices rocket 7.5% in a year to add £18,000 to average home

House prices rocket 7.5% in a year to add £18,000 to the cost of the average home, says Halifax, but is the lockdown mini-boom already slowing? Average house price reaches a new record high of £250,457, on Halifax index Property inflation at 7.5% is the highest it has been since mid-2016 October saw a monthly … Read more

House sales frenzy: Should you ever pay over the asking price?

Britain’s house buyers have seemingly gone bonkers as prices soar to record highs while the economic bad news keeps coming. Estate agents have claimed that some ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant … Read more

House prices up £4,500 but Nationwide warns of a ‘false dawn’

House prices jumped £4,500 in July as lockdown buyers hit the market but Britain’s biggest building society warns of a ‘false dawn’ House prices bounced back in July, reports Britain’s biggest building society Nationwide said level of activity in the property market is better than expected But it warns ‘there is a risk this proves … Read more

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Tory MP Caroline Nokes joined social media users in questioning why people cannot get their eyebrows waxed when men can have their beards trimmed. Beauty salons, nail bars, tattoo and massage studios, body and skin piercing services, physical therapy businesses and spas will reopen from Monday. Updated Covid-19 secure guidance sets out the measures that those providing close … Read more

How much are house prices forecast to rise near you over five years?

Property sales will slump more than previously expected and remain subdued into next year, estate agent Savills has warned, as it issued new house price forecasts.   Savills said it expected UK house prices to fall by about 7.5 per cent this year across the UK, with property values recovering at different rates of growth. While … Read more

What happens to house prices after you stop the property market?

What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more

House prices steady but coronavirus could dent recovery, says Halifax

The housing market continued to show signs of improvement in February, but coronavirus could dent the nascent recovery, Halifax said today. House prices rose 2.8 per cent in the year to February, with the average property gaining £6,443 annually to reach a new record high of £240,677, according to Britain’s biggest mortgage lender. That marks a … Read more

House prices rise fastest for 18 months but coronavirus may hit market

House prices rise at the fastest pace for 18 months, but agents fear a UK coronavirus outbreak could stall the recovery House price inflation rises to 2.3% as average price reaches £216,092 Property market picked up before the election and bounced in New Year  But agents warn coronavirus could keep house hunters at home Estate … Read more

House prices see ‘Boris bounce’, but agents call for ‘realistic’ sellers

House prices have risen across the country for the first time in 18 months amid a surge in confidence among buyers and sellers following the Tory election triumph. There has been ‘a noticeable pick-up’ in the housing market since Boris Johnson defeated Labour’s Jeremy Corbyn in December, the Royal Institution of Chartered Surveyors said. But … Read more

House prices up £600 in January but Nationwide forecasts a flat year

House prices climbed £600 in January but Nationwide forecasts a flat year ahead for property not a major bounce Average house prices rose by 1.9% in the year to January, Nationwide said Cost of the average home has reached £215,897 on the index Month-on-month, the average cost of a home increased by 0.5%  By Jane … Read more