"The Easy Way to Get Your Best UK Mortgage" |
|
| Helping
over 300,000 people a year find the right mortgage NINE YEARS ONLINE |
|
|
|
|
||||||
|
|
UK House Prices Forecasts and Predictions for Home and Property in the UK at 3 11 2006
| UK House Prices Situation: Strong UK House Prices Forecast: Continued Growth Scotland's Booming Data published this week by the Bank of Scotland shows that while Scotland remains the most affordable place to by a house in the UK, prices have increased by an average of 14.5% over the last year, compared to an average 8% in the UK as a whole. The average price of a house in Scotland remains relatively low, at £122,511 - compared to a UK average of £179,425, but over the last five years, Scottish house prices have increased by 91%. However, Tim Crawford, the Bank of Scotland's chief economist, said that "House price growth north of the border is continuing to cool", and he expects that growth in 2006 will be limited to 10%, against a UK average of 5%. Bad News For First-Time Buyers in London A new report published this week by the London Housing Federation, who represent London's 400 housing associations, forecast that the average house price in the capital will reach nearly £400,000 by 2011. The head of the LHF, Berwyn Kinsey, said that "London is facing a housing time bomb", as it becomes increasingly difficult for first-time buyers to get on the housing ladder. The average London home already costs nearly £300,000 - 8.8 times the average income in the capital (£33,373). This situation is continually worsening as house price inflation outstrips wage inflation for most workers in the capital. |
Latest House Prices Forecasts and Predictions in the UK
House Prices Forecasts and Predictions to 10/10/06
House Prices Forecasts and Predictions to 27/10/06
Quick Outline of the Home Buying process
What you're
up against
How to Find your
Property
Valuations and Surveys
About Conveyancing / The Legal Stuff
UK Mortgages -
Basics
How
to Choose your Mortgage
Types of Mortgage
Remortgages
Where to Find Your Mortgage
Getting a Mortgage in Principle
Check today's Best Buy Mortgages
Please note, this information is NOT necessarily RELEVANT in Scotland
Browse over 200 Free Mortgage TipsYour Complete Guide to UK Mortgages Find Out How to Win the Race to Buy Your Home - Home Buyers Guide Learn How to Save ££s by Remortgaging Read the Insider Info on Home Insurance Site Help |
 |  |  |  |
|
©Moneysorter Ltd. Office registered in England, Company Number: 3891081, VAT reg no 769 7245 74 Data Protection Register number Z4835056 Consumer Credit Licence 509896. This website is Approved by Cradon Investments Ltd Authorised and Regulated by the Financial Services Authority FSA No: 300505 |