Cash buyers have accounted for about a third of all housing sales this year, up from a fifth over the last five years. Around 60,000 more properties bought with cash this year than throughout 2022. Will house prices fall in 2024? While house prices have been sliding in 2023, it is wid...
FILE PHOTO: Buildings in the City of London are seen alongside Victorian residential housing in South London, Britain, August 1, 2023. REUTERS/ Susannah Ireland/File Photo LONDON (Reuters) -British house prices hit a new record high in October but the 0.2% rise from Septem...
It may come as no surprise to learn that Cebr anticipates average UK house prices to fall by 1.9% on an annual basis in 2024 – economists are pessimists after all.Our forecasts are consistent with average prices in the UK housing market bottoming out at a near-term low of around £27...
Howard Archer of EY Item Club said: "August’s marked relapse suggests that the clear monthly increases seen in July (0.7 per cent) and June (0.5 per cent) were a false dawn for house prices. “We suspect that any meaningful housing market upturn will remain elusive over the coming months...
Analysts closely watching theU.K.'s apparent return to economic growththroughout 2013 have been warning for some time that the country's booming housing market – abetted by government schemes to boost mortgage lending -- is spurring house prices higher.Housing supply also remains low. ...
Compared with October last year prices were 2.4% higher, a weaker annual increase than September's 3.2% rise and below the median forecast for a 2.8% gain in the Reuters poll. Robert Gardner, Nationwide's chief economist, said the housing market remained resilient and activity was likely t...
house prices as well as in the prices of the different property types (flats, terraced, detached and semi-detached houses) in the UK as a whole, motivated by the uncertainty in the UK housing market and various financial events that may lead to structural changes within the housing market. ...
New figures have revealed that housing affordability in the UK has increased at the fastest rate in eight years.According to the Rightmove house price index for February, the average asking price for a home in the UK is £300,715, just 0.2% higher than
Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at ...
In a matrix of climate, housing and energy crises, managing Europe’s oldest housing stock grows ever more complex. What does protecting historic homes mean? And how do we balance responsibility for the past with the needs of the future? Save Friday, 31 January, 2025 UK house prices UK...