The divide between house prices in north and south has increased in the past 12 months, reversing the previous trends of a narrowing of the gap. According to a survey by the Nationwide, house prices in areas like Manchester and Liverpool have started to stagnate. House prices in London and the South East have continue [...]
House Prices and Flooding
The recent floods in England have been the worst in living memory. Last month, the worst effected areas have been in South Yorkshire and Hull. More recently the floods have hit the south West. Towns near the River Severn, such as Gloucester, Tewkesbury and Cheltenham have also seen devastating floods. Rising river levels along the [...]
Cheapest House Prices in the UK.
With average UK house prices approaching £200,000 many first time buyers despair of every getting on the property ladder. Also, there seems little scope for making future capital gains. However, if we look around we become aware that house prices can fluctuate significantly for the sake of only a few miles. The Independent recently identified [...]
House Prices and The Generation Gap
Rising house prices have given tremendous joy to a generation of home owners. Those who bought house prices back in the 1970s have seen their investment rise faster than inflation, earnings, the stock market and most people’s wildest expectations. (253% increase since 1993) [i] These rise in house prices have given significant benefits to this [...]
Average UK House Prices
Average UK House prices in June 2007 were £210,578 The average price for a detached house rose to £323,332 Although growth slowed in the last quarter, annual house price inflation in the UK is running at just under 10% (9.25%) Forecasts for next years house prices are mixed. Some consider the shortage of supply means [...]