UK house price growth set to slow in 2022, property experts say National growth is forecast to drop from 10% to 3-5% as higher borrowing costs dampen demand https://www.theguardian.com/money/2021/dec/28/uk-house-price-growth-2022-forecast
Analysts predict the boom will end next year: https://www.telegraph.co.uk/property/house-prices/will-happen-house-prices-2022/
Average of 29 buyers for every property on the market say estate agents: https://www.independent.co.uk/money/average-of-29-buyers-for-every-property-on-the-market-say-estate-agents-b1980027.html
Four regions of the UK saw house prices grow more this year than in the two years before combined, according to the property portal Zoopla. In the South East, South West, East of England and the North East, prices have risen by £23,500, £23,000, £20,400 and £8,300 respectively in the last 12 months alone. https://www.thisismoney.co.uk/money/mortgageshome/article-10328707/The-four-UK-regions-house-prices-grew-2021.html…
The biggest price increases seen in London in the 12 months to October included Redbridge, where they were up 12.8 per cent, Richmond (12.5 per cent), Hammersmith & Fulham (12.4 per cent), Bexley and Westminster (both 11 per cent). https://www.standard.co.uk/homesandproperty/property-news/london-house-prices-2022-property-rebound-b972095.html
A PROPERTY expert has claimed house prices will “almost certainly” continue to increase in 2022 https://www.express.co.uk/life-style/property/1534377/house-prices-prediction-2022-property-market-expert-advice-exclusive
UK housing market forecast for 2022? Busy, but less frenetic Rightmove says strong buyer demand will carry into new year but ‘frenzied’ market of Covid pandemic to ease as more owners look to sell https://www.theguardian.com/business/2021/dec/13/uk-housing-market-forecast-for-2022-busy-but-less-frenetic
UK house prices rise at fastest pace in 15 years: uk-house-prices-rise-property
Bank of England poised to loosen mortgage lending rules Officials are understood to be considering softening affordability checks: https://www.telegraph.co.uk/business/2021/12/05/bank-england-poised-loosen-mortgage-lending-rules/
Sign-up to a land registry property alert: 5 top tips to keep your property safe
Interest rate hikes will not dim the allure of property: https://www.ft.com/content/282e38aa-9041-4012-9bfd-23f263acd295
A booming property market triggered by a tax holiday and Brits demanding larger homes has made the UK the richest it has ever been. Household wealth in Britain swelled 8.4 per cent over the last year to £11.2 trillion, the highest it has ever been since the Office for National Statistics (ONS) started tracking the…
Asking prices for British residential property are likely to rise by 5% next year: https://www.reuters.com/markets/europe/uks-rightmove-forecasts-5-rise-property-prices-2022-2021-12-01/
House prices unexpectedly returned to double digit growth last month as the property market kept up its “extremely buoyant” pace, new figures show. Prices in November were 10% ahead of the same month last year, according to an index published by lender Nationwide – up slightly from 9.9% in October and beating expectations that growth…
UK set for housing boom with property market busiest ever since 2007 https://uk.finance.yahoo.com/news/uk-house-prices-property-market-boom-000108706.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAM5geKEMyxAbpwcTeMgtLER0OM0g5JohC9a3U4Z_n4eN269_ThMU0KpXWsGz77ERug0x5vC33W-mc-dkwCXmFoYeY6jOvNnfIMwvgCnw_EbhW1aZ_DkyrQe546QHArwxJgmgiDTN2GXCTGlxHpTZbkK40zAUUEKOuIpJKpflPD_M
One in every 16 houses are being sold in the UK this year as property market booms. https://www.walesonline.co.uk/lifestyle/welsh-homes/one-every-16-houses-being-22306494
https://www.hulldailymail.co.uk/news/property/hull-ranked-third-uk-best-6259843
House prices ‘to rise 25% by 2026’ as London bounces back from pandemic peak: https://www.standard.co.uk/homesandproperty/property-news/london-property-house-prices-bounce-back-b967819.html
First home in England to be bought with a mortgage – after its 1634 ‘riotous’ owners had blown their money on gambling – goes on the market for £2.75millon https://www.dailymail.co.uk/news/article-10239417/Cornish-property-England-obtain-mortgage-goes-market.html
https://www.ftadviser.com/mortgages/2021/11/23/property-sales-plummet-to-9-year-low/ https://www.reuters.com/markets/europe/uk-property-sales-down-52-after-rush-beat-tax-break-deadline-2021-11-23/
The 40 year fixed rate mortgage has arrived: https://www.ft.com/content/bc061eca-9cc6-4cca-984d-a22389ac7c86
Nationwide Building Society has said there could be a “cooling” of the UK’s red-hot housing market because of rising inflation and interest rates. “There are a few things that could moderate [housing demand] a bit in the coming quarters. For example, there are not many homes on the market at the moment. That is likely…
Don’t wait till after Christmas to sell your property
The average house price has hit a record high of £269,945, with figures from the Office for National Statistics (ONS) showing £28,000 has been added to the typical property price over the past year. Values increased by 11.8% over the year to September, with this up on the 10.2% annual growth recorded in August. Wales…
….with some regions increasing by nearly 20%…. https://www.theguardian.com/money/2021/nov/13/great-britains-north-south-house-price-divide-will-narrow-over-next-five-years
We believe the Land Registry should go further and have alerts set-up when searches are taken out on a Property: https://www.telegraph.co.uk/property/news/99pc-homeowners-risk-having-properties-sold/
Parents consider Buy To Let mortgages To Help Their Children At University: https://www.forbes.com/uk/advisor/personal-finance/2021/11/10/house-prices-updates/
The Royal Institution of Chartered Surveyors: House Prices increase again in October post SDLT exemptions: UK house prices soar again, fuelled by dearth of sellers: RICS
Commercial landlords have missed out on more than £7bn in unpaid rent during the pandemic and have been told they will be expected to write off any Covid-related rent arrears if tenants are struggling to pay. Protection against eviction runs out next March and the government has set out new laws for how landlords and…
Eight in 10 properties listed for sale on the website in the area have already had offers accepted: https://www.bbc.co.uk/news/business-59223101
Land Registry fees for registers and transfers of title are to rise by up to 21% in January. https://www.lawgazette.co.uk/practice/land-registration-charge-to-soar-from-january/5110387.article
repossession claims by banks have surged by 50 per cent, rising from 750 in May to 1,160 in June, according to data from the Ministry of Justice. It means repossessions are already back to 58 per cent of levels seen before the pandemic. https://www.dailymail.co.uk/money/mortgageshome/article-10157027/Banks-court-ramp-repossessions.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 https://twnews.co.uk/uk-news/banks-go-back-to-court-and-ramp-up-repossessions
Estate agent Strutt & Parker forecasts ‘best case’ 7% growth for 2022: https://www.thisismoney.co.uk/money/mortgageshome/article-10177319/House-prices-grow-35-2020-2025.html
The Government will close a loophole which enables second home and holiday let owners avoid paying council tax and business rates. Cornwall Council and Cornwall’s MPs have campaigned for years to get the loophole closed and ensure second home owners pay council tax or business rates. It has previously been claimed Cornwall misses out on…