The CEBR expects house prices to rise as Bank of England reveals mortgage approvals are higher.
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Category Archives: House Prices
House prices in London are rising at a faster annual rate compared to other parts of the country and benefits families in the capital.
London property prices are up by 9.7% for the year to July after strong demand from overseas investors.
There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.
Bank of England figures show mortgage approvals increased to 60,624 the highest level since March 2008.
Property prices are up by 3.5% according to Nationwide as mortgage lenders offer more competitive loans.
The Office for national Statistics (ONS) latest statistics shows that house prices are rising faster than inflation.
The Halifax house price index increase of 4.6% is the fastest rise in the last three years.
The town of Salcombe in Devon is the most expensive place to buy a seaside home costing an average of over £1.2 million.
Buyer demand is down only -11% compared to 2019 and recovered from the September mini budget even though mortgage rates are higher.