According to an article published in the Daily Mail over the weekend, owning a house in the UK now works out to be considerably more economical than renting. The newspaper article is based on research carried out by the Halifax into the current cost of both alternatives. The study found that based on recent mortgage [...]
New data from a survey by LSL Property Services, the cost to rent a home in England and Wales was down for the first time in ten months in November. Rents dropped by 0.4 percent across England and Wales from October to November, to an average of £717 per month. Average monthly rents in London [...]
Mortgage lender Halifax is predicting that house prices will not change significantly in 2012, bucking trends for forecasts that suggest the price of a house will drop by at least five percent next year. It its forecast Halifax, which is part of Lloyds Banking Group (LSE: LLOY), says it expects that prices will remain fairly [...]
New data from mortgage lender Halifax sows house prices down 0.9 percent in November over the previous month, while prices dropped 1 percent in the three months ending in November over the same period in 2010 and were down 0.6 percent than in the previous three months. The November decline came after Halifax, part of [...]
A new survey shows that only around a third of people in Britain believe that house prices will fall further next year. The survey, from Rightmove, shows that 63 percent of those surveyed think property values will either go up or remain steady in 2012, while just 31 percent believe home prices will drop next [...]
Nationwide Building Society has released new data showing that house prices were up slightly in the UK in November, adding 0.4 percent over October’s average, while they were up 0.2 percent in the past three months and added 1.6 percent compared to the average price last November. The figures, which are based on mortgages granted [...]
The National Association of Estate Agents (NAEA) has released new data showing that the number of first-time home buyers was down in October, with the declining taking the number of first-time buyers to its lowest level in almost three years, when just 10 percent of home purchases were by first-time buyers in December 2008. The [...]
Property website Zoopla has released figures showing that asking prices for homes have been reduced by 7.4 percent, an average of almost £20,000, and that 40 percent of sellers have cut their prices in an attempt to attract buyers. Last November, the average cut in asking prices was at 6.1 percent. Prices are even being [...]
Prime Minister David Cameron has announced a plant to get the housebuilding sector moving again and more first-time home buyers into homes. In order to do this, the government will offer a mortgage indemnity scheme which will see the government backing a portion of loans for first-time buyers that will allow those buyers to borrow [...]
The Halifax has released new figures showing that house prices in the UK were up by 1.2 percent in October over September, although prices were 1.8 percent below their October 2010 levels. Additionally, the mortgage lender said that in the quarter ending in October, prices were down by 0.3 percent. The rise in month-on-month prices [...]
