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UK property prices edged up in November, latest index data shows

Property prices in the UK are continuing to be resilient since the vote to leave the European Union with the latest index figures showing that they increased by 0.1% in November. But seasonal adjustments mean that year on year price growth slowed slightly to 4.4% from 4.6% in October, taking the average price of a […] The post UK property prices edged up in November, latest index data shows appeared first on PropertyWire . Continue reading

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UK property industry disappointed over lack of stamp duty reform

There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier […] The post UK property industry disappointed over lack of stamp duty reform appeared first on PropertyWire . Continue reading

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Fewer first time buyers in London taking out mortgages compared to a year ago

Fewer first time buyers in London took out mortgages compared with a year ago which could be a sign that rising house prices and lack of affordable homes to buy is affecting their ability to get on the housing ladder. First time buyers borrowed £3.1 billion in the third quarter of 2016, up 7% on […] The post Fewer first time buyers in London taking out mortgages compared to a year ago appeared first on PropertyWire . Continue reading

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