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House price growth shows no sign of slowdown

27 November 2015

Property

The latest data from the Land Registry shows house prices increased 5.6% in the year to October and the Autumn Statement could inflate them further.   Monthly house prices rose 0.4% taking the average house price in England and Wales to £186,350.   The greatest rises in property value were experienced in London, increasing 10.6% […]

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House prices up again but at more sustainable levels

27 November 2015

Property

House prices rose 0.1% but the annual growth has reduced slightly, which points to more sustainable increases in the property market.   Nationwide has released it monthly house price index that shows UK house prices edged up 0.1% in November and the average property now costs £196,305. On an annual basis, house price growth has […]

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House price increases move north as city properties rise in value

20 November 2015

Property

Property prices rises have spread out of London and the South East as experts expect prices in Britain’s 20 biggest cities to rise 10% this year.   According to Hometrack, Glasgow, Manchester and Liverpool are reporting their highest rates of house price growth since 2007, whereas in London prices are dampening after huge rises.   […]

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Parents turn to prenups for children to protect property assets

13 November 2015

Personal Finance Property

The Law Society has seen an increase in prenups as parents look to protect hefty gifts and loans given to children for property.   Parents who are gifting or lending their children money to purchase a property are protecting their investment by making sure their children take out a prenuptial agreement before getting married.   […]

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Bank won’t increase interest rates to stem house price rises

6 November 2015

Economy Property

The Bank of England has said it would not increase interest rates to stem house price rises as the rest of the economy would be hit too hard.   Bank of England deputy governor Nemat Shafik told the BBC that other tools should be used to sort out the housing market following yesterday’s inflation report […]

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Market town properties command a premium of £24,000

9 October 2015

Property

People living in market towns pay a premium of £24,000 for their property.   Research by Lloyds Bank shows that houses in market towns continue to command a premium over those in neighbouring areas and homebuyers have to part with nearly £24,000 more to live in an English market town.   The average property in […]

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How Downton Abbey has added £41,000 to the cost of homes

18 September 2015

Property

The popularity of programmes like Downton Abbey have had a ‘halo effect’ for prices of homes situated around stately properties.   Research by Halifax shows the Downton ‘halo effect’ can add as much as £41,000 to the cost of living near a stately home.   Buying a house close to one of Britain’s stately homes […]

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Tips for investing in crowdfunded property

9 September 2015

Property

While it is growing in popularity year after year, equity crowdfunding is still a new concept and property crowdfunding is even newer. For this reason, some people may be deterred from taking part simply because they don’t know enough about it, and as a result could be missing out on an opportunity that, if done in […]

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Homeowners are on the move as property price rise boosts equity

10 August 2015

Property

The number of people moving home is up a third since the property market bottomed out in 2009.   A total of 155,000 people moved home in the first six months of 2015, according to Lloyds Bank Homemovers Review, up 32% from the same period in 2009 at the depths of the housing market recession. […]

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Rents rise at fastest annual pace for two years

31 July 2015

Property

Official figures show monthly rents have risen at their strongest pace for more than two years.   Figures from the Office of National Statistics show in the 12 months since June 2014 rents increased 2.5%, the strongest rate of annual growth recorded since 2013.   A tenant paying £500 a month last year will now […]

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