Tag: Economy

Price of flats rise faster than any other property type in the last ten years

Flat prices have surged by an estimated 32% over the last 10 years according to fresh data from Halifax, as heightened demand from first time buyers and rapidly escalating property prices in London, the majority of which are flats or … Continue reading

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Posted by: Leanne Halsey Categories: Economy, House Prices, Property Market Tags: , , , , , , Leave a comment

‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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Record increase in number of first-time buyers in July

Over 30,000 first-time buyers took out mortgages in July, the highest monthly figure since the outbreak of the financial crisis, expending 20% of their incomes in lieu of housing costs.

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Posted by: Leanne Halsey Categories: Economy, Industry News, Property News Tags: , , , , , , 1 Comment

House prices stabilise over August

UK house prices remained stable over August, suggesting the blistering pace at which they were shooting upwards could have eased over recent months, Britain’s biggest mortgage lender, Halifax, revealed in today’s freshly published data.

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BoE governor indicates real wages will increase by mid-2015 – What does this mean for Interest Rates?

Mark Carney has indicated that wages will rise in line with inflation “around the middle of next year”, from when they are speculated to outstrip inflation, in a speech to delegates at the Trade Union Congress (TUC).

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Bank of England retains its base rate at 0.5% amid pressure due to the UK’s current period of economic growth

The Bank of England’s Monetary Policy Committee (MPC) has voted to retain interest rates at 0.5% for the 66th consecutive month, reflecting its lack of conviction in the durability of the economic growth the UK is currently undergoing.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages Tags: , , , , , 1 Comment

Help to Buy Loans most popular in South East & London – yet could data belie the true impact of the governments flagship housing policy?

  A shade under 50, 000 homeowners have been assisted in their house purchase by the Coalition’s flagship Help to Buy scheme, with borrowers from London and the South East comprising the majority of those enlisted in the scheme.

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Posted by: Leanne Halsey Categories: Economy, New Builds, Property Market, Property News Tags: , , , , , , , , Comments Off

Affluent households paying an average of £21,000 more for houses near top state schools

A recent study carried out by Lloyds banking group has shown that affluent parents are prepared to pay on average £21,000 more than the average house price in bordering neighbourhoods for the privilege of living within the same postcode as … Continue reading

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Posted by: Leanne Halsey Categories: Buying, House Prices, Industry News Tags: , , , , , Comments Off