The Office for National Statistics (ONS) have reported UK house prices are up 9.1% in the last year to February 2014.
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Category Archives: Home Movers
The British Bankers’ Association (BBA) has said mortgage approvals are up 57% on the previous year and the highest since September 2007.
Rightmove, stated that record numbers of houses are being put on the market for sale with near-frenzied buying sending asking prices to record levels.
The mortgage industry expects to see further demand for mortgages among consumers in 2014 and that demand remains healthy rather than excessive.
The construction activity index rose more than expected helped by a surge in house building in the UK.
As fears of a house price bubble loom, Governor Mark Carney stops mortgage lending offered by the Funding for Lending scheme.
Soaring demand from homebuyers exceed the supply of properties is creating a housing crisis with rising prices.
There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.
With 65% more properties on the market demand remains strong and sales of homes are 11% higher than 2019.
Buyer demand is down only -11% compared to 2019 and recovered from the September mini budget even though mortgage rates are higher.