Buyers in Stockton-on-Tees ended up paying back 5.35 percent less on their Help to Buy loans, even though the property prices in the local areas rose by 12.78 per cent. … [Read more...] about One in 7 Help to Buy homes lose value despite local house prices soaring
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There is a wall of investment money keen to commoditise residential property - people who want to be able to value property by reference to the floor area for instance, but if they could then there would be an app that could tell you what your property is worth and I'd be out of a job. … [Read more...] about Are properties that didn’t sell before coronavirus going back on the market at a higher price as sellers expect to be asked for a discount?
Mark Harris, chief executive of mortgage broker SPF Private Clients, said: "As physical valuations return, lenders are able to offer higher loan-to-values once more, returning to larger loans on the high street and in some instances interest-only borrowing. … [Read more...] about House prices fall at fastest rate in 11 years as coronavirus ‘car crash’ hits housing market
“The economy drives outlook for house prices. It is all about how unemployment develops as government schemes roll off and the expectations for the economy and jobs. … [Read more...] about What’s next for house prices as first-time buyers fear they will be frozen out of the market
Jeremy Leaf, a north London estate agent and a former residential chairman of the Royal Institution of Chartered Surveyors (Rics), said: "Prices are being kept in check by affordability issues and more supply gradually becoming available. … [Read more...] about House prices fall year on year for the first time in eight years, says Nationwide