Nationwide’s House Price Index discovered that house prices in London declined by 3.8% year-on-year to £514,325 within the third quarter of 2023. But that may be a extra mild decline than within the second quarter, when costs have been down 4.3%.The slower decline is...
With mortgage curiosity rates rising to 15-year highs final month, and with probably the most drastic influence being felt by first-time buyers, demand for brand new builds has plummeted. Rates have fallen again in current weeks with main lenders chopping their prices on a...
The tempo of growth dipped barely and was properly under inflation, in keeping with Land Registry knowledge, however the common house price was nonetheless up by 1.7% in nominal phrases.The housing market has proved surprisingly resilient within the face of rising rates of interest,...
Britons are spending greater than Americans for smaller homes and it’s making these within the UK worse off than their friends throughout the Atlantic, influential assume tank the Social Market Foundation claims.In a brand new report wanting on the distinction in wealth between the...
The common worth is down 0.3% month-on-month and down 2.4% year-on-year. But the year-on-year decline was slower than the two.6% dip in June.Kim Kinnaird, director of Halifax Mortgages, famous that just about all of the decline got here within the wake of the mini-Budget...
