First time buyers in London can expect to pay less to get on the property ladder as house prices fall and expectations remain negative.
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Category Archives: House Prices
House prices in London are at £471,761 and negative for the first time in eights years with the weakest performance in the UK since 2005.
Prices of new build properties in England increased over 17% in a year with record loans from the government’s Help to Buy scheme.
Parents could be better off buying a student flat than paying children’s rent as prices in university towns rise £38,666 during a three year course.
The number of home movers has reduced by -2% creating a shortage of properties for first time buyers and higher prices.
Properties in the East of England are up 7.2% over the year with the fastest growth while London has falling prices over the month.
Homeowners living close to Olympic Park have gained with property prices up 64% in five years outperforming the London average.
The London borough of Hackney is the fastest growing region in the last 20-years based on square metres with house prices up eight-fold.
House price growth in London has dropped to 2.6% matching inflation while other cities are resilient with over 5% increase for the year.
Property values in the UK continue to rise 4.7% in the year despite economic uncertainty while London growth rate reduces noticeably.