Homeowners living close to Olympic Park have gained with property prices up 64% in five years outperforming the London average.
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Category Archives: Home Movers
Nearly one in three second steppers require over £20,000 in financial support from the bank of Mum and Dad to buy their next home.
The number of property sales were -7% lower during 2016 with the majority of towns in England and Wales decreasing.
For the second quarter in a row the number of home buyers are lower in London due to restricted supply and affordability.
Growth in house prices is at the lowest rate since May 2013 and more than halving over the year with no growth in the last month.
English Housing Survey shows home ownership is the lowest level since 1985 with the private rental sector doubling since 2002.
Home buyer borrowing in London reduces 5% or £310 million in the final quarter of 2016 continuing the downward trend for the capital.
Significantly lower interest rates has improved mortgage affordability across the country since the financial crisis according to the Halifax.
For the first time since 2011 the number of home movers has decreased due to the low availability of the ‘right type’ of homes slowing the market.
Home buyers borrowed £11 billion in November up over 5% on the month reflecting a stable market and aspirations for home ownership.