Average house prices have climbed about £20,000 in the last year, the Halifax says, as the buying frenzy prompted by the stamp duty holiday continues.
Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years, it said.
Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge.
Letting agents can play a key role in helping the rental sector adapt to the latest government legislation, known as Breathing Space, according to PayProp.
Homeowners have reacted with “horror” after parliament finally voted against protecting them from post-Grenfell fire safety costs that could run to £10bn.
MPs have for the fifth time rejected an attempt to protect hundreds of thousands of leaseholders from crippling fire safety bills of up to £100,000 each.
Announced by Housing Secretary Robert Jenrick over the weekend, a major action plan, including over £150 million funding to help more people build their own homes, has been launched by the government.
Light at the end of the lockdown tunnel, the new government-backed mortgage guarantee scheme, and the stamp duty holiday have all played their part in driving up the volume of property completions across England and Wales, according to new data from Landmark Information Group.
The government's new 95% mortgage guarantee scheme launches today, with a number of lenders including HSBC, Barclays, Santander, NatWest, and Lloyds now further supporting borrowers with smaller deposits.
The average price of a UK home jumped by 1.1% in March to a record high of £254,606 as government measures to support the market continued to drive interest from buyers.
anging plants smother the walls of a new office block proposed for Salford, giving it the look of something from an abandoned post-Covid city, reclaimed by nature. The ivy-covered tower, designed by Make Architects, has been trumpeted as “fossil-fuel free”, set to run on 100% renewable energy and reach net zero operational carbon, with tenants enjoying the “biophilic” benefits of dangling foliage. But not everyone is convinced.
For over a year now, the UK has been cycling through different lockdown periods to combat the COVID-19 pandemic. Thankfully, it now looks as though the end of the pandemic could be in sight.
There has been a sharp uplift in student rental activity following the Government’s announcement on returning to higher education just a month ago, according to the latest analysis from student accommodation platform, UniHomes.
Following the recent publication of the government's new Industrial Decarbonisation Strategy, the British Property Federation is calling for a longer net-zero regulatory roadmap, beyond 2030.
Driven by lockdowns and fuelled by recent government incentives, Rightmove has revealed that this is the strongest spring sellers’ market in the past decade.
A recent poll undertaken by Countrywide Surveying Services has highlighted that only 1% of industry professionals have total faith in the government to resolve the cladding issue within the next two years.
Now is a unique time for first-time buyers hoping to get on the property ladder. The Governments introduction of their low deposit mortgage guarantee scheme means the Government will guarantee loans to buyers worth 95% of the price of a property, up to £600,000.
The PRS is seeing a lot of attention at the moment and the volume of new landlords entering the market is growing, according to the latest data and analysis from criteria search specialist, Knowledge Bank.
An extended stamp duty holiday and mortgage guarantee from the government has helped to boost homebuyer affordability. And with over 29% of all homes currently listed for sale dropping their prices, homebuyers could be quids in due to a hat-trick of savings.
Back in January 2013, the government implemented the Energy Company Obligation initiative, promising to wage war on fuel poverty across the housing market in England. According to the latest data, ECO measures have benefited just 7% of homes since its launch.
The price cap on energy bills is set to rise in April. Ofgem first announced the increase from £1,042 per year to £1,138 last month much to the dismay of around 15m UK families.
If you hadn't heard, the government has announced a new guarantee scheme set to launch to lenders from April offering mortgages to homebuyers with just a 5% deposit for properties valued up to £600,000.
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