Tag: East Anglia
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London’s Housing Market Bounces Back
London’s housing market has emerged as the front-runner in property price increases across the south of England. This shift marks a dramatic change from the pandemic-induced “race for space” that saw city dwellers fleeing for more room in the suburbs and countryside. Recent data from the mortgage lender Nationwide highlights a robust recovery in London’s…
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Mortgage Approvals Soar to 17-Month High
The housing market is showing signs of significant recovery, with mortgage approvals reaching their highest level in over a year. This upswing comes as borrowing costs have started to decrease, marking a positive shift for potential homeowners. In February, the UK saw a substantial increase in the number of mortgage approvals, surpassing the expectations of…
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Is Now the Time to Sell? Why the Upcoming Election Could Influence Your Decision
The looming question for many homeowners is whether to sell their property before or after the next general election. New insights from Winkworth, a leading estate agency suggest that selling before the election might be the wiser choice for those looking to maximise their property’s value. Winkworth’s research, powered by Dataloft’s analysis of house price…
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UK Property Auction Market Soars – October 2023 Insights
The UK property auction market is experiencing a significant upswing, as revealed by the latest statistics from October 2023. Essential Information Group (EIG), a leading data provider, has outlined a series of compelling trends and figures in this dynamic market. Overview of Market Trends The data presents an encouraging picture of growth in the UK…
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Rental Yields Rise by 1%
Rental yields, much to the delight of investors, have not just grown but have sustained this growth for the third consecutive quarter. Compared to the same time span in 2022, the average yield has seen a substantial rise of 1%, settling at an impressive 6.9%. This growth is not just an annual highlight; it also…
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The Shrinking Pool: Recent Decline in First-Time Buyers
The property landscape in the UK is being revised with considerable changes. Between January to August, a 22% decrease was noted in first-time home buyers, compared to the same time frame last year. This piece of concerning information is courtesy of the mortgage lender, Halifax. The same source points out that first-time buyers accounted for…
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Property Auctions: More Listings but Lower Sales
Essential Information Group (EIG), a respected auction data company, has reported an intriguing trend: a notable surge in properties being listed for auction. However, the optimism from this surge is tempered by the fact that the expectations of sellers may be outstripping what buyers are willing to pay. The Numbers at a Glance Although August…