Tag: Northern Ireland
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ONS House Prices – January 2024
The Office for National Statistics (ONS) published their monthly House Price Index for January 2024. Here’s our summary. The latest figures have presented a mixed bag of decreases and increases across the nation, painting a complex picture for potential buyers and sellers. Matt Corder, Deputy Director for Prices at the ONS, said on Twitter, “Average UK…
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UK Home Sales Set to Jump – Buyers and Sellers Make a Comeback
According to the latest figures from the property website Zoopla, both buyers and sellers are stepping back into the market with renewed enthusiasm. February witnessed an increase in property transactions, setting the stage for a projected 10% rise in home sales throughout the year. Zoopla’s data paints an optimistic picture of the property landscape, with…
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ONS Private Rental Prices – January 2024
The ONS published their monthly index of Private Rental Prices for January 2024. Here’s our summary. The beginning of 2024 has seen a significant spike in private rental prices, affecting tenants from England to Scotland, and Wales to Northern Ireland. As of January 2024, the UK has witnessed a substantial 6.2% rise in private rental…
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ONS House Prices – December 2023
The Office for National Statistics (ONS) published their monthly House Price Index for December 2023. Here’s our summary. As we wrapped up 2023, the landscape of the UK housing market showed a blend of highs and lows, with changes varying significantly across different regions. The Big Picture – A General Slowdown The overall trend for…
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UK Housing Market Takes a £27 Billion Hit, But Remains Strong Overall
The UK housing market experienced a decrease in value last year, shedding around £27 billion across the nation. This decline, spurred by rising mortgage costs and increased financial strain on households, marks the first of its kind since 2012. However, despite this setback, the housing market has shown remarkable resilience, maintaining a substantial overall value…
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UK House Prices – Signs of Market Stabilisation Emerge
According to the latest figures from Halifax, one of the country’s leading mortgage providers, UK house prices have risen for the fourth month in a row this January, reaching levels not seen since October 2022. This consecutive rise marks a hopeful sign of stabilisation in the housing sector, buoyed by easing mortgage rates and a…
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North East Defies UK Housing Slump
While most of the UK braces for a drop in property values, the North East region emerges as a beacon of growth in early 2024. According to the home moving quote service, reallymoving, the North East is not just holding steady but actually witnessing a significant increase in property prices. The first quarter of 2024…
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House Prices Dip but Market Revives
The UK housing market is showing signs of revival after a slight dip in prices, as revealed by the latest data from property giant Zoopla. Despite a minor decline in house prices at the end of last year, there’s a surge in buyer and seller activity, promising a dynamic market ahead. Let’s break down what…
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ONS Rental Prices – December 2023
The latest ONS data on UK private housing rental prices reveals significant hikes across the country. In the last 12 months leading up to December 2023, private rental prices in the UK have seen an increase of 6.2%. This figure mirrors the annual percentage change observed in November 2023. It’s important to note that this…
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ONS House Price Index – November 2023
Recent data from the Office for National Statistics has highlighted a decrease in average UK house prices. Over the 12 months leading up to November 2023, there’s been a 2.1% drop in house prices. This decline is steeper than the 1.3% decrease observed in the 12 months to October 2023. What’s the Average Price Now?…