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Demand from buyers in the UK means 11 chasing each property on estate agent books

A surge in demand from home buyers in the UK means that there are now 11 buyers chasing every property for sale through estate agents, new research shows. Despite the current low levels of supply being offered through estate agents, the number of prospective buyers is still rising, according to the latest data from national […] The post Demand from buyers in the UK means 11 chasing each property on estate agent books appeared first on PropertyWire . Continue reading

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Home affordability in UK cities at worst level since 2008

Home affordability in cities in the UK is at its worst level since 2008 with Oxford the most expensive urban location to buy a property and Stirling the cheapest, according to new research. Over the past five years, the average UK city house price has risen by 32% from £169,966 in 2012 to its highest […] The post Home affordability in UK cities at worst level since 2008 appeared first on PropertyWire . Continue reading

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Home buyers in Scotland borrowed less towards the end of last year, latest figures show

Home buyers in Scotland borrowed £2.2 billion in the final quarter of 2016, down 0.5% quarter on quarter and 3% year on year, the latest data shows. They took out 16,800 loans, down 1% compared to the previous quarter and 3% on the fourth quarter 2015, the figures from the Council of Mortgage Lenders (CML) […] The post Home buyers in Scotland borrowed less towards the end of last year, latest figures show appeared first on PropertyWire . Continue reading

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