The UK is seeing unprecedented house price growth that makes owning a home for a whole generation simply impossible. The UK heads for a generation of renters with London looking to join other cites like Berlin where renting, not owning a home is the norm. According to Home.co.uk the total stock of property for sale remains historically very low despite an uptick in supply in London. Scarcity remains the...
The average property prices close to new Crossrail stations in and around London are already exceeding those in other areas by around 5%. According to reports from exclusive real estate agent Knight Frank, the highest prices are in Central London, but outlying areas are expected to bring opportunities for further rises, especially those undergoing regeneration. The main points from the report are: 1....
A three bedroom house with new carpets and outside space has come onto the market for less than most buyers pay as a deposit. The terrace house, in Burnley, Lancashire,...
Irish property has the fastest rising prices in Europe, according to official statistics. The latest data from Eurostat shows that European property prices edged up 0.9 per cent between January and March 2015, compared to the previous quarter, and by an even higher 2.5 per cent compared to the same quarter in 2014. House prices in the eurozone climbed by a smaller 0.3 per...
US home sales are soaring, as the recovering economy fuels the housing market. Prices, though, are rising too. Pending sales rose 0.9 per cent in in May 2015, taking the National Association of Realtors' index to its highest level in nine years. Pending sales are 10.4 per cent higher than one year ago and have now risen year-on-year for nine months in a row. Sales declined...
Prices of Chinese property continued to rise in June, with the majority of the country's major areas seeing growth, despite the government's efforts to cool the activity in the sector. Across the 70 largest cities in China an average year-on-year rise of 5.8 per cent was seen last month, 0.7 per cent higher than the growth that was seen in May. Newly built properties climbed in value by an average of 6.6...
The Halifax house price index has reported that the prices of residential UK property decreased by 1.2 per cent in June compared to the previous month. House prices in the UK saw an overall increase of 4.5 per cent in the first half of 2006, however, and a rise of 2.6 per cent in the second quarter of this year. This second quarter rise was noted in all regions of the UK except for Wales, which saw prices...
The government has released its UK House Price Index for May 2006, showing that inflation in the UK property market rose to 5.6 per cent from 5.1 per cent in April. Wales was the only country in the UK to see a fall in inflation in May, to 5.1 per cent from the level of 6.6 per cent the previous month. England saw a rise from 4.7 per cent in April to 5.2 per cent in May, the level in Scotland...
Prices of Maltese property are currently on an upward trend and showing no signs of easing, according to overseas property agents Tribune Properties. The prices of property in Malta were reportedly the highest of all EU members in 2004 and have continued to increase since then, with government figures showing that a sixteen per cent rise took place in the year to March 2006. Demand for Maltese property is...
The US property sector is experiencing a rise in prices as the market across the Atlantic continues to boom. According to real estate experts in the country, property prices in areas popular with British second home owners, such as Florida and California, rose up to 11 per cent in a year. In California, the median resale price was $562,380 in March, in New York it was $263,000 and US property prices rose...
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