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Showing posts with the label House price Index

Hometrack UK Cities House Price Index February 2016 , reports unseasonal acceleration in house price growth across UK cities in last three months

February saw a notable and unseasonal acceleration in house price growth across UK cities according to the latest Hometrack UK Cities House Price Index.  Overall city level house price inflation increased to 11.0 per cent up from 8.1 per cent a year ago, the highest annual rate of growth for almost 18 months. Portsmouth, Nottingham and Birmingham recorded the highest rate of annual house price growth for over 10 years while Leeds and Glasgow have seen the highest rate for over eight years. All these cities have experienced sustained house price inflation since 2013 largely due to the improving economic conditions, rising earnings and employment levels with affordability boosted by low mortgage rates.  London, Bristol, Oxford and Cambridge all continue to record double digit rates of house price inflation . However, there are early signs that the rate of growth is starting to slow.  All these cities recorded a small drop in the headline rate of growth ov...

fourth quarter 2015: First-time buyers took out 87,100 loans to purchase homes. + house prices in UK

New data from the Council of Mortgage Lenders released today reveals a mixed picture on lending in December to November. However, on an annual basis, the value of lending grew across all lending types.   Lending in December: First-time buyers borrowed £4.5bn for home-owner house purchase, up 7% on November and 18% on December last year. This totalled 29,300 loans, up 6% month-on-month and 11% year-on-year.  Home movers borrowed £6.6bn, up 2% on November and 20% year-on-year. This totalled 33,400 loans, up 3% month-on-month and 12% compared to December 2014.   Home-owner remortgage activity was down 16% by volume and 16% by value compared to November. Compared to December 2014, remortgage lending was up 14% by volume and up 24% by value.  Gross buy-to-let saw month-on-month decreases, down 3% by volume and 3% by value, but the growth year-on-year continued.     ...