Latest News
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Luton House Prices Rising: First-Time Buyers Fork Out £35k More Than 5 Years Ago!
Luton property prices rose again in August, defying the national trend. The average house price in Luton now sits at £272,220, a 2.8% jump from July. That’s way higher than the average increase across the East of England (a measly 1%) and the UK as a whole (just 1.5%). First-Time Buyers Feeling the Pinch If…
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Prime London Property: Confidence Takes a Hit
Worried about the housing market? You’re not alone. A new study reveals investors are losing faith in London property, with fears growing over government policies and the rising cost of living. Is the London property dream over? A recent survey by Enness Global, a top finance broker, asked over 100 wealthy investors about their thoughts…
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Colchester House Prices Beat National Average
Good news for Colchester homeowners! House prices are rising, outpacing both the regional and national averages. The latest figures from the Land Registry reveal that the average house price in Colchester climbed by 0.6% in August, reaching a healthy £309,760. That’s a tidy increase of £9,300 compared to the same time last year – a…
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House Hunters Fuel Sales Rise But Prices Stall – Rightmove
Good news for sellers as the number of homes being sold in the UK has rocketed by almost a third compared to this time last year. But buyers might be calling the shots as a surge in available properties keeps prices in check. Rightmove, the property website, reveals that agreed sales have jumped by 29%…
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Build-to-Rent Construction Falls as Costs Spiral
Property developers are facing a challenging time as the construction of Build-to-Rent (BtR) homes has plummeted by 20%, despite a surge in demand. New figures from Savills reveal a worrying trend in the BtR sector. Despite the number of completed BtR homes surpassing 120,000 – a jump of nearly a quarter in just a year…
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Landlords Splashed the Cash as Mortgage Rates Fell
Buy-to-let investors have been snapping up properties and expanding their portfolios as mortgage rates fell, new research reveals. Despite government policies aimed at cooling the buy-to-let market, landlords were riding a wave of confidence, fuelled by cheaper borrowing costs. Analysis by Octane Capital shows the average buy-to-let mortgage rate plummeted from 5.99% in September 2023…
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London Rental Market Still Strong Despite Seasonal Dip
Despite the usual summer rush cooling off, London’s rental market is still looking strong. According to the latest figures from property experts Foxtons, while the peak lettings season might be over, there are still plenty of opportunities out there, particularly in Central London. Here’s the summary: Demand: Competition: Rents and Budgets: New Properties Coming Onto…
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£80k Gains! Millions of UK Homeowners See Property Values Soar
Thinking about selling your home? You might be sitting on a goldmine! New research by Zoopla reveals that UK homeowners who bought in the last 20 years have seen their property values rocket, with an average gain of £80,000! House Prices Boom – 60% of Homeowners in the Money! The housing market has been on…
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Barclays Hikes Mortgage Rates – Is This the End of Cheap Loans?
Barclays has increased their mortgage rates, and it’s bad news if you’re looking for a bargain. Some of the bank’s loans are no longer available below 4%. Several of Barclays’ residential purchase and remortgage deals have increased. These are the details: Purchase-only mortgages: Remortgage-only mortgages: Purchase and remortgage mortgages: So what does this all mean?…
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Watford House Prices Dip in August
While house prices across the UK and the East of England enjoyed a sunny increase in August, Watford saw a little dip. Don’t panic just yet! The latest Land Registry figures reveal that the average house price in Watford during August was £393,499. That’s a tiny 0.7% drop from July. It might not be the…