UK house prices are surging by 8% as home counties’ property market soars – ONS – This is Money

Inflation may be virtually zero but property prices seemed oblivious to that as they surged to an annual increase of 7.9% in January. In London the story was even better as prices shot up by 10.8%, and the South-East outside London did even better with a whopping 11.7% rise. This is in stark contrast to […]

House prices leapt by more than £1k a month last year – but will they continue to rise throughout 2017? – This is Money

House prices have continued to rise despite the prediction by some that a leave vote after the Brexit referendum would result in a drop in prices but this continued price rise could be chalked up to a lack of supply. Experts have suggested that this price rise will slow in 2017 due to varying factors. […]

UK house prices remain ‘reassuringly resilient’ – Property Investor Today

House prices have held up well after the Brexit vote despite dire warnings from the Chancellor at the time of the referendum, George Osborne. He had predicted prices could fall by up to 18% after a Leave vote. But although growth has eased, property values have remained stable so far. The average price of a […]

Is this evidence that UK property is the best investment around? – AOL Money UK

Capital & Counties has released a trading update that appears to show financial stability despite the turmoil of the past year. 2017 could prove to be tougher when Article 50 is invoked, discouraging investment in London in the near future. Nonetheless, investing in UK property could be worthwhile thanks to an expanding population and a […]

New apartments to satisfy demands of first time buyers – North East Connected (press release) (subscription)

More than two hundred new apartments are being built in South Shields to provide for huge first time buyer demand. The flats are to be constructed in a former rundown retail area of the town. The properties will start at just over £100,000 with around a £20,000 discount under the Help to Buy scheme and […]

First time buyers in Scotland borrow more in third quarter of 2016 – Property Wire

More loans have been advanced to first time buyers in Scotland this quarter than in any other quarter since 2007. The sector borrowed £940 million in the period, in 8,600 loans. The number of loans is up 4% quarter on quarter and 5% year on year. By contrast, home movers made 8,500 loans, up 6% […]

Era of Falling U.K. Mortgage Costs May Be at an End – Bloomberg

Falling mortgage costs may soon be a thing of the past, despite a record low base rate. The swap rate used by banks to actually price their loans have risen to pre-Brexit levels. The Bank of England base rate had been reduced to 0.25% following the referendum decision to leave the EU. But market growth […]

Lenders refuse to reduce mortgage rates months after the Bank of England cut interest rates – This is Money

Many lending institutions have still not reduced rates months after the Bank of England reduced the base rate to a record low. The mostly small building societies are still holding out four months after the rate was cut to only 0.25%. The only bank not to cut rates, First Direct, says it already has one […]

Buying your first UK property? Un-complicate your tax reporting! – BuyAssociation

Landlords renting UK property need to do some simple but essential admin to ensure their tax reporting goes smoothly. Registration for the Non Resident Landlord Scheme needs to be done by any landlords living outside the UK, and Self Assessment for tax also requires registration by all landlords with HMRC. Tax returns needs to be […]

Sarah Beeny’s top tips for selling your home in 2017 – Bristol Post

Home improvement can be a smart activity for the new year, according to TV property expert Sarah Beeny. For those looking to sell a house, this will create an advantage as people start to look to buy. It is also a sensible option for those who put off moving due to high house prices, as […]