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British house prices grew in July at their slowest annual pace since the end of last year but the market is being supported by rising wages and a lack of homes to buy, mortgage lender Halifax said on Thursday. Halifax said the year-on-year rate of growth in the three months to July slowed to 7.9 … Read more
House prices in the UK unexpectedly surged in June with a shortage of homes on the market driving the pace of increases to the fastest level in nine months. The Royal Institute of Chartered Surveyors reported that the average stock of houses per surveyor had fallen to the lowest level since it started collecting this … Read more
An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates … Read more
House prices in the first quarter of 2015 were 2.6pc higher than the final three months of last year, as consumer confidence grows and interest rate rises still seem a far off reality. The Halifax’s house price index, released this morning, gave an early indication that the stagnant housing market, which slowed to a standstill … Read more
Falling mortgage rates, cuts in stamp duty for most movers and stronger pay growth could drive house prices 5pc higher this year, according to analysts The number of mortgages issued in February jumped to the highest monthly level in half a year as buyers took advantage of falling prices after Christmas. Lenders approved 61,760 mortgages … Read more