Tag: Nationwide
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Halifax – UK House Prices Dip, London Worst
Recent figures indicate a subtle decline in house prices across the UK. According to the country’s largest mortgage lender, Halifax, the national average house price saw a dip of 0.4% over the last month, settling at £278,601. This puts it 4.7% below the figures from September 2022. London’s Unique Scenario London, often seen as the…
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Grainger Anticipates Record-Breaking Year Amid Growing Demand for Rent-To-Build Homes
Grainger, a housebuilder listed in the FTSE 250, anticipates the completion of more than 1,600 new build-to-rent houses this year. This record-breaking expectation stems from Britain’s burgeoning demand for rental homes. Helen Gordon, the Chief Executive Officer of Grainger, reported that the company had already completed five new housing schemes throughout England. Consequently, the company’s…
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Prime London Property Outperforms the Rest
According to the Q3 prime market index by Savills, prime London markets are standing strong against rising interest rates, outpacing the mainstream markets. How do the numbers stack up? To put this into perspective, the UK mainstream market experienced a more significant decline of -5.3% in the year leading up to August, as reported by…
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State of The Rental Market, September 2023
Despite a month of relative stability, the dynamics of the property rental markets has seen some remarkable shifts, particularly in London and the South East of England where rental costs reached all-time highs in September 2023. At the same time, despite the overall steadiness, a drop in average salaries of tenants has been observed. Stabilised…
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Propertymark’s Reaction to House Price Falls
In a move that has taken some by surprise, Propertymark, a major name in the industry, has expressed cautious optimism about the recent 5.3% drop in UK house prices over the year leading up to September. Their viewpoint offers a glimmer of hope to those aspiring to climb or step onto the property ladder. This…
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When Can I Afford to Buy a House?
Rapidly rising house prices in London and South East England have made it increasingly challenging for potential buyers, especially first-time homeowners, to keep pace. For many years, as house prices increased, wages remained relatively stagnant. However, recent statistics show that the property market is in flux. As per Nationwide, house prices have declined by 5.3%…
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Your House Price has Fallen More Than You Realise
According to estimation, house prices have recently been witnessing a decrease, with approximately a 5% drop since the peak last year. However, as The Telegraph points out, inflation needs to be reckoned with. Analyses that factor in inflation indicate that property prices might have actually fallen by a staggering 14.5%, as suggested by research consultancy…
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Experts React to Latest House Price Index
The latest house price index data from Nationwide highlights some of the critical developments shaping the market and provides insight for both prospective investors and regular property buyers. Property Industry Eye got the reactions of some industry experts. A Snapshot of The Current Market September saw a noticeable decline in UK house prices, as reported…
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Will Mortgage Rates Keep Falling?
In the past week, we have continued to see lenders slashing mortgage rates at a rapid pace, with several recognisable high street names even offering deals below the 5 per cent mark. This downward trend is excellent news for budding property investors as the potential for saving substantial money long-term on a mortgage has greatly…
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The Pace of Decline in London House Prices Eases Off
Although London housing prices are continuing to fall, recent data from Nationwide indicates a slight turn in the tides with the rate of decline having slowed down. This offers a glimmer of hope for potential investors, despite complicated conditions involving inflation, interest rates, and other economic indicators. The Picture in Numbers Nationwide’s House Price Index…