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Remortgages drive growth in UK home lending market
Gross mortgage lending in the UK held steady in October but is being driven more by remortgages than new buyers due to a lack of supply in the current housing market. It reached an estimated £20.6 billion, according to the latest figures from the Council of Mortgage Lenders and closely matches September’s gross lending total […] The post Remortgages drive growth in UK home lending market appeared first on PropertyWire . Continue reading →
House building land in UK affected by developers post Brexit sentiment
Greenfield development land prices fell by 0.4% in the third quarter of 2016, meaning they have fallen by 2.6% between April and the end of September and by 3.9% over 12 months. The index data from real estate firm Knight Frank also shows that in prime central London land prices are down by 10.3% on […] The post House building land in UK affected by developers post Brexit sentiment appeared first on PropertyWire . Continue reading →
Residential asking prices in England and Wales down 1.1%
The asking price of property coming onto the market in England and Wales fell by 1.1% in November but it was a smaller drop than the 1.8% average over the last six years showing signs of a resilient market. The figures from the latest Rightmove residential index also show that prices are still 4.5% above […] The post Residential asking prices in England and Wales down 1.1% appeared first on PropertyWire . Continue reading →