There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales, and just under £26 billion in value.
As in previous years, the tally of properties selling at or above the £1 million threshold was greatest in London, where over half (59%) of all £1m+ homes sold in the past year. This...
Borehamwood Property News
According to the RICS (Royal Institution of Chartered Surveyors) Residential Market Survey, tenant demand is the highest it has been since the end of 2016.
However, landlord instructions have fallen once again following a continuous decline since July 2016. A number of estate agents have noted landlords disposing of their properties owing to punitive regulations, with...
In June, there were just under 70,000 new mortgage approvals according to UK Finance, which is 5% higher than the level reported in May.
Loans to first-time buyers (comprising 47% of approvals) were once again greater than those to existing home owners (45% of approvals). First-time buyer loans rose by 6.2% in the month.
Lending to buy-to-let investors has remained fairly...
It has been suggested that low mortgage rates and not a shortage of supply, are behind the huge rise in house prices since the 1990s.
Record low interest rates for more than a decade made borrowing so cheap that buyers were able to take on ever increasing amounts of mortgage debt. This contributed significantly to the 160% rise in real house prices across the UK since 1996.
In a paper...
Tuesday 1st October marks International Coffee Day. Across the UK, 95 million cups of the world’s most popular drink (except for water) are consumed daily, whether at home or in one of over 25,000 coffee outlets across the country.
From instant to ground, lattes, to cappuccinos, flat whites to expressos, £10.1 billion was spent in coffee outlets across the UK in 2018, the...
