archiveUK property market

LONDON: British house prices in May were 3.5% higher than a year earlier, monthly data from mortgage lender Nationwide showed on Monday, after an unexpected 0.5% monthly increase largely reversed a fall in April.Economists polled by Reuters had forecast a 0.1% monthly increase and a 2.9% annual increase.The seasonally adjusted monthly increase was the largest since December, while the annual gain was the second-smallest since October, after April's 3.4% rise. British property sales surged in March as buyers sought to complete transactions before the end of a partial exemption on...

UK property platform Rightmove (RMV.L) and building society Nationwide have launched an online feature that allows potential homebuyers to understand if a specific property is likely to be eligible for mortgage lending. They said that the new digital "property lending check" is a global first, in enabling homebuyers to receive real-time information about the likelihood of getting a mortgage on a house before viewing it and make an offer. The feature aims to give "home-hunters more mortgage confidence, much earlier in their moving journey," they said. According to the announcement...

Many people dream of living by the sea. Having a beach nearby and being able to go for a quick dip on your lunch break sounds like the perfect lifestyle. And while the UK has plenty of stunning seaside towns, living close to the coast can often come with a hefty price tag.But that’s not the case in Girvan, a harbour town on the Ayrshire coast in southwest Scotland, where homes can still be snapped up for under £120,000, according to Rightmove. Just a five-minute walk from the beach, a...

It’s now official: Hartlepool tops the list as the most affordable coastal town to buy a home in England according to Zoopla. Situated along the wondrous North Sea coast, Hartlepool is rich in maritime history and offers a welcoming community vibe.With its relaxed pace of life and a cost of living that’s easy on the wallet, it’s a place where both locals and newcomers can thrive. The town is well-connected, with excellent transport links to Newcastle, Durham, and Middlesbrough, allowing residents to enjoy coastal living without sacrificing access to larger...

April 1, 2025, marks the start of the new stamp duty changes (Image: Getty )From Tuesday, April 1, certain home buyers will face increased stamp duty fees. Property website Rightmove has analysed the potential impact across various property price brackets.The numbers indicate that first-time buyers in England and Northern Ireland, where stamp duty applies, could face significant financial pressure if they purchase homes priced around £625,000 and miss the deadline. Richard Donnell, executive director at Zoopla, commented: "Home buyers will expect to reflect this extra cost in their offers, typically...

The 10 UK towns and cities that have experienced the highest property price increases outside of London have been named. Analysis of median house prices showed that increases were highest in towns in Surrey Heath, Solihull and Leicester.  1 Surrey Heath  The study carried out by Online Marketing Surgery and BLG Development Finance, as reported by the Daily Express, showed that Camberley Town had the highest percentage increase outside of London with a 75.8 per cent jump.  A typical property in Camberley Town in March 2023 would have cost a homeowner £347,750...