Category: House Prices
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House Prices Still Rising as More Buyers Chase Every Home
The latest figures show that house prices are still on the up – with nearly 10% more sales going through than last year. The average UK house price is still climbing because there are more buyers looking to move than there are houses for sale. This means buyers are often finding themselves competing with others…
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Gen Z Dreams of Building Their Own Homes!
Young people are turning their backs on traditional housing and embracing custom-build homes, a new survey reveals. 64% of 18 to 24-year-olds are considering building their own homes, compared to just 21% of over 55s, according to research by Saffron for Intermediaries. The building society surveyed over 2,000 people across the UK and found that…
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ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
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New Town, New Home? Bargain Houses Up For Grabs!
Thinking of buying a home but worried about sky-high prices? New towns could be the answer! Forget London, homes in new towns are thousands of pounds cheaper – and their value is shooting up! That’s according to new research from the Halifax, which found that you could save almost £50,000 by ditching the city for…
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Seven Years to Save For a House Deposit – Are You Ready to Wait?
First-time buyers looking to step onto the property ladder face a long wait to save a deposit, new research reveals. According to Hargreaves Lansdown, a single first-time buyer would need to save for seven years and five months to reach a deposit of £45,000 using a Lifetime ISA (LISA). This is based on saving the…
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House Sales Soar as Mortgage Rates Fall
The number of homes being snapped up is rocketing, thanks to lower mortgage rates. New figures show that ‘sales subject to contract’ – where an offer has been accepted – shot up by a massive 23% in the last three months compared to the same period last year. That means 332,200 homes were in the…
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Is Living With Mum and Dad the Answer to Britain’s Housing Crisis?
Soaring living costs are forcing Brits to make tough choices, and for many, that means moving back in with family. A new survey reveals that 30% of us already live in a multi-generational household – and that number is only going up. The survey, conducted by Legal & General, quizzed over 2,000 adults about their…
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Are Cheap Mortgage Rates About to Vanish?
Mortgage rates have been falling! But there are whispers that the cheapest deals might be about to disappear! Here’s why: Big banks like Barclays and Santander are tweaking their mortgage rates. Barclays has upped the rate on its 5-year fixed-rate mortgage from a tempting 3.71% to 3.76%. Don’t panic just yet though – this only…
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Should the Government Scrap Stamp Duty for Downsizers?
Millions of Brits dreaming of moving to a smaller home could finally get their wish – if the government scraps stamp duty for downsizers. That’s the call from Barclays bank, which reckons ditching the tax could unleash 3.8 million homes onto the market. Right now, a staggering 85% of us live in homes with at…
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House-Hunters Warned: Cheap Mortgage Rates Could Vanish!
Mortgage lenders are starting to increase rates – so if you’re buying a house soon, this could hit you in the pocket. Coventry Building Society has already revealed it is putting up rates and the Co-operative Bank is withdrawing some of its cheapest deals. Experts predict that other lenders, particularly smaller ones, will follow suit.…