As the housing market continues to evolve, homebuyers are increasingly curious about the purchasing power of the national average property price.
The mortgage experts at Mojo Mortgages have delved deep into the data to uncover the surprising disparities in what the average national property price (£261,142) can secure across the UK's top 45 most populous towns and cities.
Last week it was reported that a Regent's Park mansion is set to be the most expensive house ever sold in London, with offers expected to hit £250m. But until it sells, the latest research by lettings and estate agent, Benham and Reeves , has revealed which property sales ranked top as the most expensive over the last year and how the value of these top of the table transactions differ by...
Houses are out-earning humans across half of the UK
Research by property developer, Stripe Property Group, reveals that in 2022, homes out-earned humans across half of all UK regions as annual house price growth eclipsed the average wage.
The latest figures from the Land Registry show that annually the average UK house price increased by £33,089 last year, up from £263,333...
“Despite the government’s best efforts, we are yet to see house prices take a hit and the property market remains predictably resilient despite the turbulence of the wider economic landscape.
However, although Jeremy Hunt has pulled an almost complete three sixty manoeuvre where tax cuts are concerned, the irresponsible...
“The property market is still standing firm, but we’re now seeing concrete signs that the marathon period of double-digit price hikes spurred by the pandemic are coming to an end.
While this certainly doesn’t signal that a market collapse is on the horizon, the latest mortgage approval data From the Bank of England also shows...
The latest research by specialist property lending experts, Octane Capital , has revealed how the housing market could benefit to the tune of 11.3% where house prices are concerned, as a result of the greater stability brought on by the appointment of Rishi Sunak as prime minister.
Octane Capital analysed property market performance across the UK market going back as far as 1970 and...
“We’re yet to see any real signs of a notable drop in house prices despite a turbulent few months and now that the government has steadied the waters, any movement is likely to be a gradual return to normality rather than a sheer market crash.
Of course, tomorrow’s Autumn Budget could put the cat amongst the pigeons in this...
What would happen to house prices if they kept pace with the energy cap increase?
The latest research by estate agent comparison site, GetAgent.co.uk , has revealed what the average cost of buying and renting a home would look like if house prices increased at the same rate as the spiralling cost of energy bills.
GetAgent looked at the growth rate of the current energy cap since...
Homebuyers can save over £20k by searching for previously scuppered sales
Property purchasing specialist, HBB Solutions , has revealed that homebuyers can save as much as £21,000 when scouring the current market, by focussing their search on homes that have been relisted for sale, after their initial sale collapsed.
HBB Solutions analysed current market data looking at the level of...
Research by specialist property lending experts, Octane Capital , suggests that despite the well documented pandemic property market boom, housing market activity has actually been on the slide since the first quarter of 2020, at least where mortgage fuelled transactions are concerned.
Last week, Nationwide revealed that house prices have hit a new all-time high as buyer activity...
