The Office of National Statistics (ONS) reveal that London house prices leads the UK property market to record highs in July.
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Category Archives: London House Prices
The average price of property in London has increased by 19% and England and Wales increasing by over 9% in the last year.
Data from the Land Registry show a decrease in prices in seven out of ten areas with a sharp rise in sales of £1m properties.
Office of National Statistics (ONS) data shows house price inflation reached 10.5% in May the highest level for four years.
New data from the Nationwide reveal London homes increased in value with average prices now over £400,000 for the first time.
The number of mortgage approvals have reduced in the last four months following the Mortgage Market Review and worries about interest rates.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
The average price of a UK home last month has increased by the biggest margin for ten years according to the Halifax.
Data from the Treasury shows that 80% of borrowers of the controversial Help to Buy scheme are first time buyers mainly from outside London.
The UK largest lender, Lloyds Banking Group, will limit mortgage lending to four times on loans of £500,000 to homeowners.