Plus, how to buy a property at auction, firsttime buyer numbers, and latest rent increases
Official figures show Britain now has more than 3m ‘boomerangers’, and it’s getting worse
More than a quarter of young Brits still live with their parents as the economic downturn and rising house prices prevent them from moving out.
Year-on-year increase of 6.3% in prices is the highest annual rise seen since November 2007
Barratt Developments, the biggest builder by volumes, has unveiled a huge 71 per cent rise in sales reservations to £1.26 billion — inspired by the Government’s Help to Buy scheme
Meanwhile, more than a third of borrowers worry that their mortgage application will be turned down
New property search engine will allow everybody to search the government’s £330 billion property portfolio by town and postcode
Building Society forecasts an increase of between 4-8 per cent across the UK over 2014
There is “no evidence” the Government is creating a bubble in house prices by underwriting mortgages for first-time buyers, David Cameron claimed on Thursday.
Latest official figures also show a sharp drop in home repossessions
Broader based recovery in housing market dependent on ‘real’ economic growth
A secret paper on the house-buying scheme reveals officials’ concerns
The Labour leadership needs to add detail to its alternative journey
New survey confirms that the property market is becoming overheated
First-time buyer lending up nearly a third year-on-year in London
AN extra million households will be forced into rental accommodation over the next five years as rising home prices out lock potential buyers out of the property market, new research warned today.