Property values in London are up by over 12% leading the UK which has seen mortgage lending 4% higher in March and 37% higher for the quarter.
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Monthly Archives: April 2014
The regulators are introducing tougher tests for home buyers based on affordability to prevent mistakes leading to the financial crisis.
Figures from the Office of National Statistics (ONS) show the price of homes for first time buyers have increased by 10.5% in the last year.
The Office for National Statistics (ONS) have reported UK house prices are up 9.1% in the last year to February 2014.
Mortgage debt in central London now exceeds that of Wales and the rest of the capital is now seeing faster house price rises.
According to the Halifax UK house prices have risen 8.7% in the last year but month on month fallen by 1.1% suggesting a slowdown.