The housing market in London has been boosted after sentiment rose to its highest level since April 2017, with negative trends in agreed sales, prices and new instructions all easing last month after the Brexit deadline was extended, according to the Royal Institute of Chartered Surveyors’ (RICS) latest housing market survey.
More than half of people using the government's help-to-buy loan scheme did not actually require the assistance, as they were already in a position to have purchased a home without support from the state, the National Audit Office has revealed. Furthermore, 5% of the people who used the scheme last year had household incomes of more than £100,000.
The average price of a Scottish home rose by 2.2% to £178,991 in the 2018-19 financial year, according to official records. Overall the value of residential property sales reached £18.2bn, which was a year-on-year increase of 1.6%, Registers of Scotland data shows. Meanwhile, the volume of sales in Scotland was down slightly, at 101,628, in 2018-19. Of the residential sales in 2018-19, 28% were in Scotland’s seven cities with the most sales in Glasgow,
A report by the Centre for Cities has found strict regulations limiting house building in the UK’s most successful cities have exacerbated the wealth gap between north and south.Homeowners in the South East have made £80,000 more from their houses than those in the North,
New research indicates that new housing developments criticised by local residents for harming their house prices could actually be a boon for local property values. Online property lender Blend Network found that 17 of the top 20 areas for new homes built between 2011 and 2017 enjoyed house growth higher than the national average.
A daily roundup of all the key property news and views brought to you by Oracle Group.Labour is proposing housing and land reforms with tighter controls on mortgage lending and greater intervention from the Bank of England.
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