2018 UK Property Market Forecast We look forward at what to expect, in our 2018 UK property Market Forecast. 2017 has been an interesting ride for property investors, average property prices have continued to grow, with prices expected to rise in the North of England. International property investors have continued to show confidence in the [...]
Dubai Property Market Softens As the Dubai property market softens, what is causing the property price decline? Dubai property prices fell by 10 percent year-on-year during the first quarter of 2016. What will a this mean for property investors in the short medium and long-term? The Dubai property market fall, seen in Q1 2016 is a [...]
What Impact Will the Interest Rate Rise Have On The Property Market? The Bank of England has announced an interest rate rise last week. What Impact Will the Interest Rate Rise Have On The Market? The rise of 0.25% in Bank of England base rate to 0.5% may be small, but it marks the first [...]
Midlands Leading UK Property Growth Recent research released by Rightmove reveals that central England leading the way in property price growth. Northamptonshire tops the chart with an impressive increase of 9.1%, followed by Derbyshire with 7.9% and Norfolk with 7.4% growth. The UK National Average is rising at 3.1% per annum. Factors driving the popularity [...]
Supply Shortage New Property Listings Down 13% The UK Property Market suffers Supply Shortage, as New Property Listings are Down 13% in August, latest figures show. August is historically a quiet month for sellers marketing their properties. However even taking into consideration the usual summer time slow-down; the total number of new properties listed for [...]
Rental Demand in Manchester Rental Demand in Manchester is soaring, it is now reported that nearly 30% of housing in Manchester is privately rented. The market is in high demand and the under-supply of private rented accommodation is expected to rise by up to 40% over the coming 10 years. The UK’s 2nd city, is [...]
UK Interest Rate Cut The UK interest rate cut has lowered the Bank of England base rate from 0.5% to just 0.25%. This cut is a new low for the base rate which has been 0.5% for seven years and now we look at how this will affect savers, borrows and the property market. For [...]
Rising UK House Prices Means First Time Buyers are Frozen out Rising House Prices Restricting First Time Buyers. UK's rising house prices have been outpacing wage inflation for many years, which for many aspiring homeowners, has left the first time buyers needing larger deposits which has made home ownership getting further out of reach for [...]
UK House Prices have Risen 10.1% UK House Prices have Risen 10.1% in the first three months of 2016 by 2.9%, compared with the last three months of 2015. Halifax Housing Economist Martin Ellis, said “House prices in the first three months of 2016 were 2.9% higher than in the final quarter of 2015. The annual rate has grown from 9.7% to 10.1% in March.” “Current market conditions, however, remain very tight with an acute supply/demand imbalance continuing, together with continuing low interest rates and a healthy labour market, indicate that house price growth is set to remain robust.” Key Facts UK: House Prices have Risen 10.1% House prices in the three months to March were 10.1% higher than in the same three months a year earlier. This was higher than the 9.7% rise recorded in both January and February. The annual rate has been within the 8%-10% range for nearly the whole period since the start of 2015. House prices rose by 2.6% between February and March. The quarter on quarter change is a more reliable indicator of the underlying trend. Monthly house price changes can be volatile. (Source:Halifax House Price Index 2016). Supply remains very low despite more sales instructions. New instructions by home sellers increased for the third successive month in February following ten monthly falls in a row. This rise, however, was not sufficient to prevent the stock of secondhand properties for sale falling as sales increased. The stock for sale remains close to record low levels. (Source: Royal Institution of Chartered Surveyors’ (RICS) monthly report). Many of the currencies in the Gulf are pegged against the US dollar. As we experience a period of dollar strength, it is an opportune time for buyers from the Middle East region to buy property in the UK as the strong dollar increasing overseas purchasing power from the. Please contact our Dubai or London office to buy property in the UK. […]
Britain’s Property prices rise nationwide
Britain’s Property prices rise nationwide
Hanover Square Real Estate October 1st, 2017|Property Market Analysis, Property Market Commentary|
Britain's Property prices rise nationwide Britain's Property price rise by 5.1% in the 12 months to July 2017. The average property value is now £226,185. according to the latest official figures. Month on month prices have risen by 1.1%. The UK house price index overall, shows that there is a slowdown underway in London. The [...]