UK house prices
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Guest Blogs
Brexit vs. Bricks & Mortar
Leaving the EU without a deal will inevitably impact on UK house prices. However, understanding and predicting the scope of this impact is a whole other ball game...
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Latest property news
Growth predicted for significant pockets of the UK
While buyers can currently expect to purchase at a reduced price in London, the opposite can be said for the rest of the UK, says analyst.
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Features
Stop obsessing about London’s house price problems
Daniel Owen-Parr, Commercial Sales Director at Together says, “As long as there is a housing shortage we will have continuing demand for rented homes.”
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Housing Market
UK house prices set to rise in 2016
With record-low interest rates for at least another few months and housing supply set to remain low, the general consensus among households across the UK is that property prices will increase in 2016, albeit at a slower rate than in 2015. The latest data from the House Price Sentiment Index (HSPI) from Knight Frank and Markit Economics found that house price growth this year is expected to be led by the East of England and London, with more modest levels of price increases set to be recorded in many other parts of the UK. The future HPSI, which measures what households think will happen to the value of their home over the next year, increased marginally this month to 70.5 from 70.3 in December. This is the highest reading since June 2015, but remains below the peak of 75.1 reached in May 2014. Expectations for residential property price growth among households in the East of England hit an all-time high of 81.1, suggesting that they expect to see the highest rise in property values over the next year. Home prices in London, where an average HPSI reading of 79.1 was recorded, is also expected to outstrip the national average. In…
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Housing Market
UK house prices look set to soar
The UK is the fourth best place in the world to invest in residential property, owed largely to a general housing shortage and the country’s economic growth, according to research by Savills. The results from the study, based on economic performance and growth prospects alongside population growth, found that the UK housing market, which has seen prices soar on average by 20 per cent since 2010, was ranked behind only the US, United Arab Emirates and Singapore as the best place to make a return on rents and increasing property values. “When a growing population, growing affluence and limited housing or land supply converge, we would anticipate real house price growth,” said Yolande Barnes (left), Director of Savills World Research. A separate residential market report from the Royal Institution of Chartered Surveyors (RICS) also says that the growing gulf between supply and demand is driving residential property prices higher and the organisation now predicts that house prices are set to rise by 6 per cent in 2015. The RICS price indicator reached a 15-month high in August, with a net balance of 53 per cent more respondents reporting price increases, with growth being recorded across all parts of the UK.…
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