Andy Sommerville, Director at Search Acumen, Comments On UK House Price Index For October 2019
Andy Sommerville, Director at Search Acumen, comments: “Where there is growth there is life. And although we haven’t seen much in the way of house price growth, today’s statistics show life is returning to the housing market – particularly in areas outside of the Capital. “These latest ONS statistics are from October and we expect […]
It Might Be Twelve Days Of Christmas, But It’s Fifty Days Of Delays For Local Authority Searches
Busy conveyancers are increasingly finding that Councils are taking longer to return the results of local authority searches. Conveyancers and their clients are waiting on average about 10 days, but there have been reports of delays up to 50 days and in the case of one particular Council, up to 90 days. Mark Davies, Head […]
House Price Growth Falls To Seven Year Low
According to the Office for National Statistics’ UK House Price Index, house prices increased by 0.7% in the year to October. The latest figures also suggest that growth has fallen by 1% since the start of 2019 and over 7% since the referendum result in 2016. In the year to August, volume transactions fell by […]
Mortgage Completions And Approvals Fall In October
Between August and October, the number of mortgages completed in the UK fell by 6.7%. 65,630 mortgages completed in the UK during October according to recent statistics from UK Finance. This figure was made up of 32,260 first-time buyer mortgage completions and 33,370 home mover mortgage completions. Whilst the figures represented a 2.8% and 4.2% increase respectively on […]
Experts Forecast Buoyant Post-Brexit Property Market
The election is over, stage one of ‘get Brexit done’ is in sight as Boris Johnson attempts to pass the Withdrawal Agreement through Parliament before Christmas and experts feel a lot more optimistic about the housing market in 2020. Rightmove has predicted that house prices will increase by an average of 2% next year as the […]