Home buyers face a tough year unless Angela Rayner can work some magic
3 days, 17 hours ago

Home buyers face a tough year unless Angela Rayner can work some magic

The Independent  

Could Angela Rayner be the government’s saviour? According to building society Nationwide, 2024 ended with average price growth of 4.7 per cent, with the typical British home going for £269,425. To buy Nationwide’s average home with a 90 per cent mortgage requires a deposit of roughly £27,000. Average rents outside of London hit £1,339 per calendar month; 4.5 per cent above this time last year. Says Rightmove: “Tenant affordability limits are vying with a lack of available homes.” Over the last five years, UK rents have risen by 40 per cent, earnings by 28 per cent.

Average Cent Rate 5 Per Cent Nationwide Rayner 2 Per Cent  cent  rate  rayner  mortgage  tough  15m  work  prices  magic  buyers  angela  unless  growth  rates  2025  face  average

History of this topic

UK house prices ended 2024 on a strong footing, says Nationwide Building Society
1 week, 5 days ago

UK house prices ended 2024 on a strong footing, says Nationwide Building Society

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. Robert Gardner, …

Housing market update: what you need to know in 2025
1 week, 5 days ago

Housing market update: what you need to know in 2025

Dutch News  

The start of a New Year brings new rules and regulations, as well as resolutions. And it’s mostly good news.” Single person bonus Single people, for example, will be able to borrow an extra €17,000, up from €16,000, to help them get a foot on the housing ladder. It may be tough to find something at that price in Amsterdam …

Housing prices may see modest growth in 2025, says property experts
2 weeks ago

Housing prices may see modest growth in 2025, says property experts

Live Mint  

New Delhi, Jan 1 India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Anarock Chairman Anuj Puri expects the housing market to "stabilise" in 2025, with muted growth in prices …

Homeowners have no incentive to sell. Here’s why
2 weeks, 2 days ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

2024 saw one of the slowest housing markets in 30 years. What will 2025 bring?
2 weeks, 3 days ago

2024 saw one of the slowest housing markets in 30 years. What will 2025 bring?

NPR  

2024 saw one of the slowest housing markets in 30 years. DANIEL ESTRIN, HOST: We're about to close the books on one of the slowest housing markets in 30 years. Here to talk us through the year in housing and what next year might bring is NPR business correspondent Laurel Wamsley. The country's housing shortage has really emerged as one …

Will house prices go up in 2025? Six property experts give their verdict
2 weeks, 4 days ago

Will house prices go up in 2025? Six property experts give their verdict

Daily Mail  

They also reveal their property hotspots - and not-spots - for next year House prices are not just a popular conservation topic, but a British obsession. Paula Higgins, chief executive of HomeOwners Alliance Last year's prediction: +2% Prediction for 2025: +4% I am predicting house prices to continue a steady climb through 2025 increasing by 4 per cent across the …

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
1 month ago

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Associated Press  

LOS ANGELES — Home shoppers hoping for more attractive mortgage rates next year may be disappointed. Most of the eight forecasts call for the average rate on a 30-year mortgage to remain above 6% next year, with some including an upper range as high as 6.8%. “Even by the end of next year it’s hard to see sub 6% mortgage …

Average UK house price reached new record high of £298,083 in November – Halifax
1 month, 1 week 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?
1 month, 1 week 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 …

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase
1 month, 1 week ago

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase

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 House prices made a surprise jump in November, with experts …

Mortgage pain fuels highest rise in home ownership costs in 30 years
1 month, 3 weeks ago

Mortgage pain fuels highest rise in home ownership costs in 30 years

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 Soaring monthly mortgage payments are …

Average house price falls by thousands in November
1 month, 3 weeks 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 price tag on a home falls by more than £5,000 in November
1 month, 4 weeks ago

Average price tag on a home falls by more than £5,000 in November

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. Tim Bannister Rightmove’s director of property science said: “The …

How much house prices are predicted to go up by across the UK
Trending News
2 months, 1 week 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 …

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals
3 months, 2 weeks ago

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

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. “These trends have helped to improve affordability for prospective …

Fastest annual house price growth in around two years recorded in September
3 months, 2 weeks ago

Fastest annual house price growth in around two years recorded in September

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. “London remained the best performing southern region with annual …

Mortgage approvals for house purchase jump to highest levels since mini-budget
4 months, 2 weeks ago

Mortgage approvals for house purchase jump to highest levels since mini-budget

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 jump …

Annual house price growth picked up in August, says Nationwide
4 months, 2 weeks ago

Annual house price growth picked up in August, says Nationwide

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. “Providing the …

Annual house price growth increases at fastest rate since 2022
4 months, 2 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 …

London house prices rise for first time in a year
5 months, 4 weeks ago

London house prices rise for first time in a year

The Telegraph  

House prices in London and the South East have increased for the first time in a year as higher wages boost the property market. London prices rose by 0.2pc year-on-year in May, while properties in the South East climbed by 0.7pc, the first annual increase in either region since May 2023 and April 2023 respectively, according to the Office for …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
6 months ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Here’s how much the average price of a home dropped by in June
6 months, 4 weeks ago

Here’s how much the average price of a home dropped by in June

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. Across Britain, the average price of a home coming fresh on the market in …

Rightmove expects better year for UK housing market amid 2% customer growth
8 months ago

Rightmove expects better year for UK housing market amid 2% customer growth

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 Rightmove is expecting improvements in …

House prices are falling, but what does the future hold for the market from here?
8 months, 1 week ago

House prices are falling, but what does the future hold for the market from here?

The Independent  

Britain’s housing market has turned hostile again, at least for sellers. It was possible to find rates close to 1 per cent in 2021, before the Bank of England imposed 14 consecutive interest-rate rises in an attempt to bring an inflationary spike under control. While the US and the UK are in very different places economically, that sort of sudden …

Mapped: The areas where UK house prices have fallen the most
9 months, 1 week 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 …

Persimmon sees annual profit halve and warns 2024 will ‘not be easy’
10 months ago

Persimmon sees annual profit halve and warns 2024 will ‘not be easy’

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. The group said the housing market is set to …

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying
10 months, 2 weeks ago

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying

Daily Mail  

After the Federal Reserve started lifting interest rates in March 2022, mortgage rates followed suit - and home sales have faltered since. Fixed 30-year mortgage rates are now hovering around 6.9 percent after reaching a 22-year high of 7.8 percent in October, according to Government-backed lender Freddie Mac. Some 72 percent out of 5,000 potential home buyers said they pulling …

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers
11 months, 3 weeks ago

2023 was slowest year for US home sales in nearly 30 years as high mortgage rates frustrated buyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans. Last year’s home sales slump echoes the nearly 18% annual decline in 2022, when mortgage rates …

2023 was the worst year to buy a house since the 1990s. But there's hope for 2024
11 months, 3 weeks ago

2023 was the worst year to buy a house since the 1990s. But there's hope for 2024

NPR  

2023 was the worst year to buy a house since the 1990s. "We've actually seen home prices continue to rise for six consecutive months," said Jessica Lautz an economist with the National Association of Realtors. Sponsor Message "The jump in interest rates that we saw last year really was a shock to the system," said Lautz. "Mortgage rates are meaningfully …

Almost 30 percent fewer mortgage applications in 2023 than a year ago
1 year ago

Almost 30 percent fewer mortgage applications in 2023 than a year ago

NL Times  

There was a 30 percent decrease in mortgage applications last year compared to 2022. The number of mortgage applications on the buyers' market was almost 8 percent lower than in 2022. According to HDN director Reinier van der Heijden, this has to do with the "unruly start" of the year. According to HDN, this is partly due to the number …

Average UK house price ended last year £4,800 higher than at end of 2022 – index
1 year ago

Average UK house price ended last year £4,800 higher than at end of 2022 – index

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 The housing market “beat expectations” …

Squeeze on home buyers’ budgets set to continue into 2024, say experts
1 year ago

Squeeze on home buyers’ budgets set to continue into 2024, say experts

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. Overall, we predict a modest average fall of 1% …

House prices end year 1.8% lower as East Anglia faced biggest drop in UK
1 year ago

House prices end year 1.8% lower as East Anglia faced biggest drop in UK

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. This means house prices in the UK end the …

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says
1 year ago

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says

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. Read our …

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
1 year ago

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Their aggressive rate hikes had brought inflation way down from the peaks of 2022, when …

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts
1 year, 1 month ago

Affordability to buy home to rise to a three-year high in 2024, on expectations of interest rate cuts

Hindustan Times  

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index. JLL Home Purchase Affordability Index signifies whether a household earning an average annual income is eligible for a housing loan on a property in …

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago
1 year, 2 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, 3 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 …

Rents ‘could rise four times as fast as house prices across the years ahead’
1 year, 4 months ago

Rents ‘could rise four times as fast as house prices across the years ahead’

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. Across Britain, rents could rise by 25% over the four-year period, compared with 5.5% …

Sharp drop in UK house prices as rising cost of borrowing hits market
1 year, 4 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 …

Average UK house price is £7,000 below peak seen last September
1 year, 5 months ago

Average UK house price is £7,000 below peak seen last September

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. Within England, the North East recorded the highest annual …

Hopes raised that upward pressure on mortgage rates could start to ease
1 year, 5 months ago

Hopes raised that upward pressure on mortgage rates could start to ease

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 Bank …

1m households to face £500 a month hike in mortgage payments by 2026, Bank of England warns
1 year, 6 months ago

1m households to face £500 a month hike in mortgage payments by 2026, Bank of England warns

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 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. Please try again later {{ …

Average two-year fixed mortgage rate surges to highest level in 15 years
1 year, 6 months ago

Average two-year fixed mortgage rate surges to highest level in 15 years

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 The average two-year fixed-rate homeowner …

House prices fall at fastest annual rate in 12 years as mortgage rates soar
1 year, 6 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 …

Buying or selling? How to deal with rising mortgage rates and falling house prices
1 year, 6 months ago

Buying or selling? How to deal with rising mortgage rates and falling house prices

The Independent  

For millions of Britons who had plans to move house or get on the property ladder this year, the latest mortgage misery coupled with the cost of living crisis makes paints a grim picture. Ross Lacey, director and chartered financial planner at Fairview Financial Management, said: “As a homeowner, if you want to move then even if your property price …

Average house price falls 3.5% as mortgage rates keep climbing
1 year, 6 months ago

Average house price falls 3.5% as mortgage rates keep climbing

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. Mr Gardner added: “Moreover, despite the higher interest rates …

Annual house price growth turns negative for first time since 2012 – index
1 year, 7 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, …

Blow for first-time buyers as mortgage repayments surge by two thirds
1 year, 10 months ago

Blow for first-time buyers as mortgage repayments surge by two thirds

The Telegraph  

The cost of a typical first-time buyer's mortgage repayments jumped by almost two thirds last year as families were stung by rising interest rates and a boom in house prices. Buyers purchasing a typical semi-detached house were hit with a £481 increase in their payments in the 12 months to December 2022, according to the Office for National Statistics. A …

Discover Related