UK Property News

UK property and real estate news covering UK housing market including latest coronavirus effect on house prices

Asking price for homes surges to record highs in June

Asking price for UK homes hit a record number

UK house prices surged between June and July despite the scaling back of British Chancellor Rishi Sunak’s stamp duty holiday. Average UK property prices hit record numbers in July, rising to an all-time high of GBP 338,447. However, housing experts have warned of shortfalls in supply amid strong demand...
UK property boom

UK housing market boom continues

The UK Nationwide house price index increased by 13.4% in June 2021, as thousands of buyers looked to secure property purchases before the stamp duty holiday deadline. Whilst property sales are likely to take a hit, with the stamp duty thresholds now halved, it’s thought that healthy demand will remain for the rest of 2021.
London records weakest house price growth

UK house prices surge at the fastest rate in 16 years

UK house price growth surges in June, with UK property prices now averaging at GBP 245,432 - a 13.4% increase over the last 12 months. UK Chancellor Rishi Sunak’s stamp duty holiday continues to buoy activity in the housing market. Nationwide housing data revealed that all areas in the country record growth, with property prices in London surging by 7.3%.
US private equity firm places takeover offer for Morrisons

Stocks rally following US infrastructure bill announcement

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A bipartisan group of US senators said that a deal on US President Joe Biden’s USD 1.2TN infrastructure bill had been reached but Mr Biden has refused to sign the deal unless a reconciliation bill is also passed. Still, stocks and riskier currencies are rallying in the wake of the news...
UK Property Market

Rising house prices first-time buyers out of the market

UK Chancellor Rishi Sunak’s stamp duty holiday has fuelled record housing price growth over the past year and while many people have benefited from the savings, the tax break appears to be having a negative impact on first-time buyers. The UK’s red hot property market has caused many first-time buyers to be priced out of the market...
UK property boom

UK housing market boom on Bank of England’s radar

The Bank of England is carefully monitoring the UK housing boom and rising property prices which is sparking concerns about higher inflation.
House hunter priorities changing

House prices set to soar as buyer demand continues to boom

Britain’s property market is heating up as buyer demand shows no sign of abating while the stamp duty holiday benefits are still operating. While competition from buyers has tailed off slightly, estate agents are as busy as ever as housing market activity remains exceptionally strong across the country.

UK house prices soar to record highs outside of London

New data reveals UK housing prices have grown at their fastest pace in five years as buyers continue to take advantage of the stamp duty holiday.

UK mortgage enquiries from expats soar

Rishi Sunak’s stamp duty holiday announcement saw a surge in property enquiries from UK expats and demand looks to remain strong in 2021. With the easing of coronavirus lockdown restrictions, Q2 of 2020 also saw rapid growth within the UK rental market, with average rents increasing by 2.2% and demand 33% higher than pre-lockdown.
Treasury launches property development consultation

Treasury launches new residential property developer tax

Treasury intends to apply a new residential developer tax to large UK property developers. Learn how to get into property development with our 2021 property developer guide. Find out more about Buy-to-let vs buy-to-sell property: What are the pros and cons?
self-build mortgage

MPs reject SVR cap for mortgage prisoners but rates dip

Borrowers are frustrated by MPs decision to reject the SVR cap on mortgage rates. Mortgage rates decline again and self-build mortgages are introduced. The Saffron Building Society has also launched two new large loan products to entice prospective property buyers. The self-build loan products will be made available...
UK Property Sales

UK Property Sales Reach 16 Year High

Soaring demand for UK property has been ignited by numerous government schemes to make UK housing more affordable, with demand set to continue for the remainder of 2021. Recent data from Her Majesty's Revenue and Customs (HMRC) revealed UK property purchases rose to a record high in March 2021 to levels not seen since...
UK Property Market

Rishi Sunak Launches 95 per cent Mortgage Scheme

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Aspiring homeowners can now purchase a property with as little as a 5% deposit due to the UK government’s new 95% mortgage scheme. The UK’s 95% mortgage scheme has been welcomed by the public and the property industry following a surge in UK property demand
UK Property Market

The future of the UK property market in post-Brexit 2021

Despite the extension to the stamp duty holiday, UK property price growth continues to fall as the Bank of England predicts a 35% decline over the next three years.
UK housing market

UK housing market: Stamp duty price boom and mortgages

Chancellor Rishi Sunak’s stamp duty price boom has triggered a UK housing crisis as unaffordable homes price out many potential buyers.

Investing in a holiday home or buy-to-let in 2021

Read our expert advice on purchasing overseas properties in 2021, and whether you should invest in holiday homes or buy-to-let property abroad.
uk property boom 2020

UK house prices and property market set for a strong 2021

UK house prices hit six-year highs in 2020 due to the stamp duty holiday. Despite lockdown, the property market’s outlook remains positive for 2021.
UK Property Market

UK property market reacts to stamp duty holiday decisions

House prices are falling but mortgage approvals are rising as consumer demand for UK property market remains strong despite the stamp duty deadline. UK property values are also 27% higher than pre-recession and almost double than averages seen during the 2007-8 financial crisis...