The average UK house price is eight times the average wage with the majority of least affordable areas in London, new research has found. Indeed, in London the average price of a home is 14 times the average wage, according to research from eMoov with data compiled from all London boroughs and each area across […] The post Average property in UK is eight times the average wage, new research shows appeared first on PropertyWire . Continue reading
England
UK sees first time buyer mortgages rise as buy to let slows
Home owners in the UK borrowed £12.2 billion for house purchases in August, up 14% month on month and 11% year on year, according to the latest data. They took out 66,000 loans, up 13% on July and 9% on August 2015, the figures from the Council of Mortgage Lenders (CML) show as house purchase […] The post UK sees first time buyer mortgages rise as buy to let slows appeared first on PropertyWire . Continue reading →
Asking prices up across all of UK but sellers are too optimistic, index suggests
Residential asking prices in the UK increased by 0.7% since September, led by the East of England, but sellers could be being too optimistic with their pricing, says the latest index report. Month on month asking prices increased by 0.7% in England, by 0.3% in Scotland and by 0.2% in Wales and are 4.4%, 5.3% […] The post Asking prices up across all of UK but sellers are too optimistic, index suggests appeared first on PropertyWire . Continue reading →