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Home affordability in UK cities at worst level since 2008

Home affordability in cities in the UK is at its worst level since 2008 with Oxford the most expensive urban location to buy a property and Stirling the cheapest, according to new research. Over the past five years, the average UK city house price has risen by 32% from £169,966 in 2012 to its highest […] The post Home affordability in UK cities at worst level since 2008 appeared first on PropertyWire . Continue reading

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Property prices up in England and Wales, but at lowest level for February for years

Property asking prices in England and Wales increased by 2% since January to an average of £305,231 but the annual rate of growth has fallen to 2.3%, its lowest level since 2013. But overall demand in the market remains strong, according to the report from property portal Rightmove which also says that getting the price […] The post Property prices up in England and Wales, but at lowest level for February for years appeared first on PropertyWire . Continue reading

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Gap between London house prices and rest of England and Wales widens

The gap in average house prices between London and the rest of England and Wales has significantly widened over the past 20 years, new research shows. Overall the research from Lloyds Bank shows that London house prices are now nearly 12 times average earnings and the private housing stock in London is worth £1.27 trillion, […] The post Gap between London house prices and rest of England and Wales widens appeared first on PropertyWire . Continue reading

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