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'House Prices' News:

Number of £2m homes in London reaches an all time high

Thursday, April 26th, 2007

London property market continues to grow, with the latest indication being the fact that there are now over 1,000 homes in London which are on the market for more than 2m.
The growth in London house prices is being driven by foreign buyers attracted by the City financial and business status.  Added to a shortage of […]

Warning on UK sub-prime market

Thursday, April 26th, 2007

Homeowners have been warned that a slowdown in the housing market could lead to a crisis in the sub-prime mortgage sector, and the threat of repossessions.
Standard & Poor’s, a credit rating agency, expressed concern about the British sub-prime industry, which provides mortgages to people with poor credit histories who have been unable to get mortgages […]

London housing market remains buoyant

Friday, April 13th, 2007

Though house price rises in the majority of the country are beginning to slow down, the London housing market continues to rise, as demand for property in the capital shows no signs of slowing down.
For those currently renting property, and first time buyers looking to get onto the housing ladder, the slowing of house price […]

Public sector workers priced out of most UK towns

Friday, April 13th, 2007

Research by the Halifax has revealed the difficulties faced by public sector workers, and first time buyers in general, finding that these groups are priced out of up to 70% of Britains towns.
Halifax looked at the affordability of houses for five different key workers, nurses, teachers, firefighters, the police, and ambulance workers.

London housing market becoming detached from the rest of the UK

Monday, April 2nd, 2007

House prices in the London area are at their highest level for four years, and the rate of growth in that area is different from the rest of the country.
Across the country, the headline rate of house price growth continues to accelerate. The average house price grew by 0.8% in March and the year on […]

Biggest rise in house prices for three years

Thursday, March 8th, 2007

Figures from property research firm Hometrack suggest that the housing market remains buoyant despite recent interest rate rises, with the average house price rising by 0.7% in February,
The average home is now worth £172,000, and the rise in February means that annual house price inflation is now at 6.4%, the highest level since June 2003.
Demand […]