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16th May 2014
The affordability gap between buying a home and renting is at its widest since 2006, according to the latest figures from Countrywide.
The average renter is paying 93p for every £1 spent on mortgage repayments this year, compared to 96p to the £1 in 2013. Rises in average monthly rents, 3.7% year-on-year, have been overshadowed by a 10% average rise in house prices across the UK, according to Countrywide's figures.
Source: The Daily Telegraph (14/05/2014)
16th May 2014
The age of the typical home buyer seeking a mortgage has dipped to its lowest level in nearly four years at 36.9 years, despite the impact of stricter lending criteria under the mortgage market review system.
9th May 2014
The £3.7bn regeneration programme sparked by the 2012 Olympic Games didn’t stop at Stratford – it extended further east, to Canning Town.
9th May 2014
The proliferation of high-spec apartments in East London isn’t limited to the Isle of Dogs and the Royal Docks; just over the river from Canary Wharf sits New Capital Quay, a Gailliard Homes development made up of 636 apartments.
9th May 2014
The National Institute of Economic and Social Research (NIESR) has predicted that the boom in house prices will continue for at least two years before interest rate rises bring the process to a halt in 2017.
9th May 2014
Ed Miliband has said that owners of empty "ghost" homes, who buy them as an investment with the effect of driving up house prices, would be hit by bigger tax penalties under a Labour Government.