Outlook
Home repossessions and arrears in UK fell in 2016, latest data shows
The number of properties in the UK repossessed last year fell by almost 25% with the housing market experiencing a clear downward trend in arrears. The new data from the Council of Mortgage Lenders (CML) shows that last year’s total of 7,700 cases of possession compared with 10,200 in 2015, and was the lowest number […] The post Home repossessions and arrears in UK fell in 2016, latest data shows appeared first on PropertyWire . Continue reading →
London will no longer be the driving force of UK property prices in 2017
House prices in the UK are likely to see a steady rise of 5% in 2017 but London will no longer be the driving force behind property growth, according to a new analysis report. Indeed, the prime central London property market is expected to be static during the year and could even see prices fall […] The post London will no longer be the driving force of UK property prices in 2017 appeared first on PropertyWire . Continue reading →
House prices set to grow by 3.5% in the UK in 2017
House price rises in the UK will slow in 2017 but a crash is highly unlikely due to a sound economic outlook despite Brexit, according to a new analysis. Stability in the housing market is predicted throughout the year with house price inflation slowing to 3.5%, says the forecast from economists at Lancaster University Management […] The post House prices set to grow by 3.5% in the UK in 2017 appeared first on PropertyWire . Continue reading →