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Sales data shows transactions in UK residential market edged up in November
Sales of residential properties in the UK increased by 0.8% in November while commercial transactions were up by 5.1%, the latest published data shows. However, the monthly sales of homes was down 7.3% compared to November last year, according to the figures from HMRC. The HMRC report also say that a large increase in sales […] The post Sales data shows transactions in UK residential market edged up in November appeared first on PropertyWire . Continue reading →
UK prices could rise around 2% in 2017, depending on economy as Brexit process starts
The performance of the residential property market in the UK will depend on how the economy develops in 2017, the year the nation starts the process of leaving the European Union, it is claimed. Modest price growth of around 2% is being forecast by the Nationwide, the second largest mortgage provider in the UK and […] The post UK prices could rise around 2% in 2017, depending on economy as Brexit process starts appeared first on PropertyWire . Continue reading →
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →