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House sales slipped back in November, compared with October, but were higher than the same month a year earlier, according to HM Revenue and Customs (HMRC) figures. Across the UK, 92,640 property ...
UK house prices rose for the third month in a row in November, as hopes of mortgage costs coming down and rising wages has helped warm up demand across the property market, according to Nationwide ...
James says her landlord, a London housing organization that manages affordable rental homes for lower-income tenants, has raised her rent yearly and most recently declared a 4% bump to 170 pounds ...
Housing co-operatives are uncommon in the UK, making up about 0.1% of housing stock. [102] Most are based in urban areas and consist of affordable shared accommodation where the members look after the property themselves. Waiting lists can be very long due to the rarity of housing co-operatives.
Furthermore, UK real estate developers even started to allow customers to walk-through apartments even before they are built. [9] According to the latest report by Zoopla, an online real estate portal based in London, Falkirk, Scotland, is the fastest-moving real estate market in the U.K., with homes selling in 20 days on average.
The affordability of housing in the UK reflects the ability to rent or buy property. There are various ways to determine or estimate housing affordability. One commonly used metric is the median housing affordability ratio; this compares the median price paid for residential property to the median gross annual earnings for full-time workers.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Since flats are often the first step on the UK housing ladder, this had consequences for the whole housing market; for example, the majority of first-time buyers who had bought property using the UK government's help to buy scheme found themselves unable to sell their properties. [2] [21] [16] [22]