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According to the Nationwide’s House Price Index, UK house prices rose by 4.3 pct y-o-y, rose by 0.2% month-on-month in January.Average home price in the UK reached £205,240 in January. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The annual rate of house price growth remained broadly stable at the start of 2017 …
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According to the Council of Mortgage Lenders (CML)’s latest report, home-owners borrowed £10.6bn for house purchase, down 13% month-on-month and 12% year-on-year. They took out 58,100 loans, down 14% on June and 13% on July 2015.First-time buyers borrowed £4.4bn, down 19% on June and 4% on July last year. This equated to 28,200 loans, down …
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A total of 41,222 new homes were registered by NHBC in Q2 throughout the UK, according to NHBC’s latest new home registration statistics. 31,753 new homes were registered in the private sector, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared …
JLL has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible …
House of Lords Economic Affairs Committee in UK has published a new report “Building more homes” which criticises the Government’s housing policy. According to the report, the Government must lift its target by 50% and build 300,000 homes each year to tackle the housing crisis. It also suggests that Local authorities and housing associations must be …
In the aftermath of the UK deciding to exit the European Union, the markets are volatile and the value of the pound has declined sharply. With considerable uncertainly and no real precedent, Asia Pacific real estate investors and corporate occupiers are looking to mitigate risk. According to JLL experts, Brexit could bring short term …
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According to the Knight Frank’s Prime Central London Sales Index – June 2016 report, average prices across prime central London fell by -0.2% in June and this is the weakest monthly result since November 2014. June’s result pushed annual price growth to -0.6%. The prime central London yield was 3.1% in June, compared to 0.8% on a …
Twenty-seven UK shopping centre transactions totalling £1.46bn either completed or exchanged in the first half of 2016 with the sales of Grand Central Birmingham and intu Merry Hill accounting for 51% of the total volume, according to Cushman & Wakefield. -51% of H1 volumes accounted for by just two transactions – Grand Central Birmingham and …
According to the Halifax House Price Index, UK house prices in the three months to June were 8.4% higher than in the same three months of 2015.House prices in the last three months (April-June) were 1.2% higher than in the preceding three months. House prices increased by 1.3% between May and June. This followed a …
