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UK Government pledges to build more homes more quickly to buy and rent
New measures to reduce the obstacles to new house building and improve affordability for buyers and tenants have been announced by the UK Government in a much awaited Housing White Paper. The report reveals that more than a third of new homes that were granted planning permission between 2010/2011 and 2015/2016 have yet to be […] The post UK Government pledges to build more homes more quickly to buy and rent appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →
Sales in the UK increased last month but were well below a year ago
Residential property sales in the UK in December increased month on month but are still some way below where they were a year ago, the latest official data shows. Seasonally adjusted sales increased by 0.2% between November and December 2016 but this was 8.5% lower compared than the same month in 2015, according to the […] The post Sales in the UK increased last month but were well below a year ago appeared first on PropertyWire . Continue reading →