According to the Nationwide average house prices have increased by 9.4% in the last year and are not slowing down.
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Monthly Archives: February 2014
A new government study of the English Housing Survey shows private renting has reached 4 million homes and now exceeds council renting.
The British Bankers’ Association (BBA) has said mortgage approvals are up 57% on the previous year and the highest since September 2007.
The Office of National Statistics (ONS) has confirmed that the average house prices will bring higher stamp duty to thousands.
The rate of house building has boosted UK construction but will still be short of the 240,000 homes needed each year.
According to economic forecasters wealthy foreign buyers are responsible for the high demand for luxury property in London.
Rightmove, stated that record numbers of houses are being put on the market for sale with near-frenzied buying sending asking prices to record levels.