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House price growth increased across the UK in first weeks of 2017

Average house prices in the UK increased by 6.2% in the 12 months to January 2017, up from 5.7% in the year to December 2016, according to the latest official figures to be published. The average UK house price was £218,000 in January, some £13,000 higher than in January 2016 and £1,000 higher than December […] The post House price growth increased across the UK in first weeks of 2017 appeared first on PropertyWire . Continue reading

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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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Property prices growth edged up a beginning of the year in Scotland

Property prices in Scotland edged up 0.1% in January and 1.5% annually with growth driven by first time buyers and higher values homes, the latest index shows. This took the average price of a home to £171,407 and means that in the 12 months to January 2017 prices have risen by £2,600 with the vote […] The post Property prices growth edged up a beginning of the year in Scotland appeared first on PropertyWire . Continue reading

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