Data from Rightmore reveals property prices have reached a new high due to a lack of sellers and more people looking to buy.
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Category Archives: New-build Homes
David Cameron is to allow 1.3 million families the dream of owning their own home by extending the Right to Buy scheme first started in the 1980s.
Mortgages taken out by home buyers increase says Bank of England although house prices slowed for the seventh month in a row.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.
Demand for new-build homes is driving a boom in house building with construction growing for the fifteenth consecutive month.
As the demand for low deposit loans increases George Osborne gives the bank of England power to cap risky mortgage lending.
The current rate of house price inflation is not a major concern for the Bank of England as a property recovery was expected.
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.
House prices were up 6.8% in January since a year earlier after a lost decade of building leaves the UK with a significant shortfall in homes.