Top seven recent stories in housing and property investment: 11 January
Happy new year!
After a bit of a break, we are back with our round-up of some of the best stories that we’ve posted on BuyAssociation.co.uk recently.
Reports give slightly different pictures of the housing market, Brexit is making FTBs bide their time, the sizzling summer’s legacy is still being felt, and more…
1.Halifax reports house price rate rise in December
House prices in December grew at a faster rate than in the previous month, according to the latest figures released by the Halifax.
2.Nationwide house price data indicates quiet end to year
House prices fell in December to see 2018 out with a slowdown in annual growth, Nationwide’s latest report has revealed.
3.First-time buyers play Brexit wait-and-see
Many potential first-time buyers (FTBs) are waiting to see how Brexit plays out before committing themselves to the property ladder and expect to see house prices drop, according to a new survey.
4.London leads way in new HomeLet rent data
Rents in London rose by the most in the UK in the year to December, according to new figures released by HomeLet.
5.FCA unveil plans to help free ‘mortgage prisoners’
Thousands of UK homeowners could benefit from lower mortgage payments after the Financial Conduct Authority (FCA) said it wants to change the rules around affordability tests.
6.Number of ‘million pound streets’ on the rise
There are more ‘million pound streets’ in England and Wales according to new data from Lloyds Bank on the most expensive addresses in the country.
7.Summer heatwave leaves legacy of surge in subsidence claims
Last summer’s prolonged hot and dry weather may be a distant memory, but the legacy of 2018’s record-breaking weather is being felt through a surge in insurance claims due to subsidence.
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