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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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Gap between London house prices and rest of England and Wales widens

The gap in average house prices between London and the rest of England and Wales has significantly widened over the past 20 years, new research shows. Overall the research from Lloyds Bank shows that London house prices are now nearly 12 times average earnings and the private housing stock in London is worth £1.27 trillion, […] The post Gap between London house prices and rest of England and Wales widens appeared first on PropertyWire . Continue reading

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Number of first time buyers in UK rises as buy to let purchases fall

The number of first time buyers in the UK housing market increased significantly in the last 12 months as purchases by buy to let landlords fell, new research from surveyors shows. In January first time buyer valuations surged to a third of housing market activity, up from 25% at the beginning of 2015 while landlords […] The post Number of first time buyers in UK rises as buy to let purchases fall appeared first on PropertyWire . Continue reading

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