There’s no such thing as an ‘affordable’ home any more
1 month, 2 weeks ago

There’s no such thing as an ‘affordable’ home any more

The Independent  

Sometime this year, Halifax’s House Price Index will put the average cost of a British home at more than £300,000. At the same time as its latest decision to cut rates by a quarter point to 4.5 per cent, the Bank also slashed its GDP growth forecast to a dismal 0.75 per cent. But working in their favour is that interest rates look poised to fall further, even with the Bank of England warning that energy prices – yes, them again – could push inflation up to 3.7 per cent. The price of fixed-rate mortgages – the most popular type – are governed not by base rates but by the longer-term expectations for rates expressed via the City’s interest rate swaps market. The sharp rise in interest rates to combat the inflationary surge that saw the Consumer Prices Index peaking at 11.1 per cent in October 2022, further hit them in the pocket, although it should be said that the UK’s rates are still quite a bit below their historic average of roughly 7 per cent.

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History of this topic

Is London living falling out of fashion? Stark map shows how eye-watering house prices have tumbled in the capital compared to wages since Covid
2 days, 3 hours ago

Is London living falling out of fashion? Stark map shows how eye-watering house prices have tumbled in the capital compared to wages since Covid

Daily Mail  

Housing affordability in parts of London has risen to the highest rate in more than a decade amid signs that people are shunning living in the capital. The ONS noted that median house sales prices have increased by just 1 per cent since 2021, while average earnings have increased by 20 per cent. Despite strong wage growth, in 2024, just …

House price winners and losers revealed: From £136k falls in Chelsea to booming west coast of Scotland
3 weeks, 4 days ago

House price winners and losers revealed: From £136k falls in Chelsea to booming west coast of Scotland

Daily Mail  

Prices in Inverclyde on the up while Westminster, Chelsea and Kensington tank The average house price rose 4.6 per cent last year, according to the latest figures from the Office for National Statistics. The best performing local authority is Inverclyde in Scotland, which saw average prices rise by 6.5 per cent last year. The next best performing local authority in …

How can the average home lose £22,000 but house prices officially rise 4.6%? We explain what's going on
1 month, 1 week ago

How can the average home lose £22,000 but house prices officially rise 4.6%? We explain what's going on

Daily Mail  

The average house price in the UK has plummeted £22,000 in a month, according to the latest figures from the Office for National Statistics. Mysteriously, the same ONS house price report said that house prices are up 4.6 per cent annually. Don't panic: house price fell £22,000 this month, according to official figures - but ONS says this is a …

Mapped: Most expensive region for house prices revealed as January saw new record high
1 month, 2 weeks ago

Mapped: Most expensive region for house prices revealed as January saw new record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average property price in January was £299,138, and on an annual basis, prices …

UK house prices jump to new record high in January
1 month, 2 weeks ago

UK house prices jump to new record high in January

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK house prices reached a new record average high in …

Revealed: Where Britain's first-time buyers pay the most and least compared to their salaries
2 months ago

Revealed: Where Britain's first-time buyers pay the most and least compared to their salaries

Daily Mail  

Getting on the property ladder is more affordable now than it was in 2022, according to the latest figures from Nationwide Building Society. Modest improvement: Affordability has improved compared to 2022, though first-time buyers are still paying a higher multiple of their income than they did in the past Higher: A typical first-time buyer with a 20% deposit would have …

House sales fell back by 8% month-on-month in November – HMRC figures
2 months, 2 weeks ago

House sales fell back by 8% month-on-month in November – HMRC figures

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. As higher …

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
2 months, 2 weeks ago

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Looming changes to stamp duty will give first-time buyers “greater …

Stoke leads house prices higher while London languishes – report
2 months, 3 weeks ago

Stoke leads house prices higher while London languishes – report

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. have seen …

UK's most and least affordable towns
3 months, 2 weeks ago

UK's most and least affordable towns

Daily Mail  

Homes in Britain's least affordable borough cost up to 27-times the average salary, data shows. It comes as official figures today revealed the affordability ratio across England as a whole is now 8.6 because of spiralling house prices. All of the 20 least affordable local authorities in Britain are in London and the South East, bar Cotswold in the South …

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals
3 months, 2 weeks ago

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals

Daily Mail  

House prices in England have increased twice as fast as income since 2000 with the average home in London 'unaffordable' for even Britain's highest earners. It lays bare the housing crisis gripping the nation as premier Sir Keir Starmer vowed to bulldoze the objections of local people to get hundreds of thousands of new homes built across Britain. House prices …

Homes in England cost 18.2 times incomes of lowest 10% of households on average
3 months, 2 weeks ago

Homes in England cost 18.2 times incomes of lowest 10% of households on average

The Independent  

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Average UK house price reached new record high of £298,083 in November – Halifax
3 months, 2 weeks ago

Average UK house price reached new record high of £298,083 in November – Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This should …

What’s really behind the surprise surge in house prices?
3 months, 3 weeks ago

What’s really behind the surprise surge in house prices?

The Independent  

Sorry to make a soggy start to the week even more miserable, but it brings bad news for homebuyers. Nationwide recently trumpeted itself as the “first major lender to offer first-time buyers ability to borrow six times income, up to 95 per cent loan-to-value”. “The acceleration in house price growth is surprising, since affordability remains stretched by historic standards, with …

Average house price falls by thousands in November
4 months, 1 week ago

Average house price falls by thousands in November

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The usual drop seen at this time of year is 0.8 per cent and …

Average house prices in UK reached record high in October
4 months, 2 weeks ago

Average house prices in UK reached record high in October

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the fourth monthly increase in a row, house prices increased by 0.2 per …

How much house prices are predicted to go up by across the UK
Trending News
4 months, 2 weeks ago

How much house prices are predicted to go up by across the UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here are Savills’ predictions for house price increases over the …

Poorest families left £600 a year worse off by ‘regressive’ Budget, economists warn
4 months, 2 weeks ago

Poorest families left £600 a year worse off by ‘regressive’ Budget, economists warn

The Telegraph  

Stephen Millard, the deputy director for macroeconomic modelling and forecasting at Niesr, said: “The rise in the employer rate of National Insurance contributions will act to reduce job creation over the coming years, which will lead to greater unemployment.” Fresh financial pressures have emerged as households are still reeling from the cost of living crisis – when inflationary pressures disproportionately …

Average rent across the UK reaches record high
5 months, 1 week ago

Average rent across the UK reaches record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. As well as a higher proportion of asking rent reductions, Rightmove also said there …

House prices rise 4.7% annually in September with typical home now just £108 below 2022 peak, Halifax says
5 months, 2 weeks ago

House prices rise 4.7% annually in September with typical home now just £108 below 2022 peak, Halifax says

Daily Mail  

House prices rose for the third month in a row in September, according to the latest figures from Halifax, bringing the average home within £108 of the 2022 peak. Recovery: Higher annual growth continues to reflect the base impact of weaker prices a year ago, according to Halifax Where house prices are increasing the most Northern Ireland continues to record …

Annual house price growth increases at fastest rate since 2022
6 months, 3 weeks ago

Annual house price growth increases at fastest rate since 2022

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Annual house price growth has picked up at the fastest …

UK house prices are set to rise – but for how long?
8 months, 3 weeks ago

UK house prices are set to rise – but for how long?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Amanda Bryden, head of mortgages, Halifax, said: “UK house prices stayed relatively flat for …

House prices likely to rise more slowly than household incomes, says Zoopla
8 months, 3 weeks ago

House prices likely to rise more slowly than household incomes, says Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We expect house price inflation to remain muted, likely …

UK house prices fall for the first time in six months as mortgage costs start to bite
11 months, 3 weeks ago

UK house prices fall for the first time in six months as mortgage costs start to bite

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Assuming inflation …

UK House Prices Decline for the First Time in Six Months
11 months, 3 weeks ago

UK House Prices Decline for the First Time in Six Months

Hindustan Times  

UK house prices slipped for the first time in six months in March, lender Halifax said in data that confirmed a setback in the property market’s recovery. “That a monthly fall should occur following five consecutive months of growth is not entirely unexpected particularly in view of the reset the market has been going through since interest rates began to …

Mapped: The areas where UK house prices have fallen the most
11 months, 3 weeks ago

Mapped: The areas where UK house prices have fallen the most

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average house price in the UK fell by 0.2 …

The areas where UK house prices have fallen the most
11 months, 3 weeks ago

The areas where UK house prices have fallen the most

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “If these …

Average UK house price jumped by £3,785 in January, says Halifax
1 year, 1 month ago

Average UK house price jumped by £3,785 in January, says Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Looking ahead, …

Britain's hidden property hotspots: As house prices fall at the fastest rate in 12 years, some lucky owners have seen the value of their home rise by up to 17% in a year
1 year, 1 month ago

Britain's hidden property hotspots: As house prices fall at the fastest rate in 12 years, some lucky owners have seen the value of their home rise by up to 17% in a year

Daily Mail  

Think again if you believe every corner of Britain has seen house prices tumbling thanks to high inflation, soaring interest rates and the general cost of living crisis. The beautiful port on the river Fal in Cornwall has a rich history dating back to 1613 It hosts two university campuses so has a younger and more affluent population than most …

Map: How house prices have fallen in your area as average cost of home at 12-year low
1 year, 2 months ago

Map: How house prices have fallen in your area as average cost of home at 12-year low

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. House prices fell by 2.1 per cent over the 12 months to November 2023 …

Mapped: The highest and lowest average house prices in the UK at the end of 2023
1 year, 2 months ago

Mapped: The highest and lowest average house prices in the UK at the end of 2023

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average house prices in each region of the UK are …

Halifax cuts mortgage rates in new hope for home buyers
1 year, 2 months ago

Halifax cuts mortgage rates in new hope for home buyers

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The building society’s 0.83 per cent cut on two-year fixed deals – from 5.64 …

Average house price predicted to be £45,000 higher by 2028
1 year, 4 months ago

Average house price predicted to be £45,000 higher by 2028

The Independent  

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House prices rise for the first time in six months, say Halifax - but are still lower than a year ago
1 year, 4 months ago

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average UK house prices rose …

UK house prices have proven more resilient than expected, says Halifax
1 year, 5 months ago

UK house prices have proven more resilient than expected, says Halifax

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many economists and financial markets predict that base rate …

Mapped: UK house prices falling at fastest annual rate since 2009
1 year, 6 months ago

Mapped: UK house prices falling at fastest annual rate since 2009

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average house prices in the UK are falling at their …

Why are house prices falling?
1 year, 6 months ago

Why are house prices falling?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With house prices in southern England often being higher …

Sharp drop in UK house prices as rising cost of borrowing hits market
1 year, 6 months ago

Sharp drop in UK house prices as rising cost of borrowing hits market

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. House prices fell by 5.3 per cent annually in August, taking the average property …

UK house prices fall for fourth month running - here are the areas most affected
1 year, 7 months ago

UK house prices fall for fourth month running - here are the areas most affected

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Property prices dropped by 2.4 per cent on an annual basis, easing from a …

Mapped: Areas in UK facing sharpest drop in house prices
1 year, 7 months ago

Mapped: Areas in UK facing sharpest drop in house prices

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Take a look at our map below for the areas …

Housing markets where homes cost over £300,000 ‘more exposed to price falls’
1 year, 7 months ago

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The more …

Average home costs 8.4 times typical income in England, says ONS
1 year, 7 months ago

Average home costs 8.4 times typical income in England, says ONS

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. In Wales, …

Average price tag on a home fell by £905 in July – Rightmove
1 year, 8 months ago

Average price tag on a home fell by £905 in July – Rightmove

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. First-time buyers, …

House prices fall at fastest annual rate in 12 years as mortgage rates soar
1 year, 8 months ago

House prices fall at fastest annual rate in 12 years as mortgage rates soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With markets now forecasting a peak in bank rate …

House prices post first annual drop since 2012, Halifax says
1 year, 9 months ago

House prices post first annual drop since 2012, Halifax says

Daily Mail  

House prices fell in the year to May, marking the first time they have slipped on an annual basis since December 2012. Annual price drop: UK house prices fell in the year to May, marking the first time property prices have slipped on an annual basis since December 2012, Halifax said Halifax estimates that property prices have now fallen by …

Annual house price growth turns negative for first time since 2012 – index
1 year, 9 months ago

Annual house price growth turns negative for first time since 2012 – index

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. As expected, …

Average UK house price fell by about £1,000 month-on-month in April – Halifax
1 year, 10 months ago

Average UK house price fell by about £1,000 month-on-month in April – Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. A typical …

Average UK house price increased by 0.8% in March, says Halifax
1 year, 11 months ago

Average UK house price increased by 0.8% in March, says Halifax

The Independent  

The average UK house price increased by 0.8% month on month in March, with the recent easing of mortgage rates helping to support the property market, according to an index. While the increased cost of living continues to put significant pressure on personal finances, the likely drop in energy prices, and inflation more generally, in the coming months should offer …

Widest gap in UK between renting and buying home revealed – what’s cheapest in your area?
2 years ago

Widest gap in UK between renting and buying home revealed – what’s cheapest in your area?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The cost of a mortgage on a first home is …

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