The average house price for first time buyers is currently four times the national average wage, compared with 2.9 times the average wage in 1990. With a first time buyer mortgage more out of reach than ever, many are delaying marriage and family, according to new data from the National Housing Federation.
Chartered surveyors have confirmed that UK house prices are continuing to rise, as the Royal Institution of Chartered Surveyors (RICS) publishes its quarterly UK Housing Market Survey.
Good news for homeowners as house prices rose in November for the fifth successive month, according to the Halifax House Price Index.
The November increase was a nationwide average of 1.4%*, which means that house values have risen 4% since the beginning of the year. Halifax attributes this to higher demand combined with a still-sluggish supply, a situation which has pushed prices up.
Are you still a HIPpie? The original flower children of the 1960s have now become a new kind of hippy. Known as the ‘Home Is Pension’ generation, they are factoring the value of their home into their pensions and retirement planning.
There are an estimated 1.3m over-50s depending on equity release from their homes as part of their retirement planning, according to a new report from LV= (the Liverpool Victoria Friendly Society).
A location near a top-performing primary school can add over 3% to your home value.
New research from Nationwide* reveals that primary schools that increase their pass rate for 11-year-olds in the Standard Assessment Tests (SATs) by 10%, add 3.3% to the value of a typical house in their area.
House prices will rise slightly in 2009, the Royal Institution of Chartered Surveyors has said, reversing an earlier forecast that prices this year could have fallen by up to 15%.
