House prices surged 14.3% in last 12 months

Property prices are now 21% higher than before the pandemic struck in early 2020 Annual house price growth increased to 14.3%, according to Nationwide, from 12.6% in February. The building society said this marked the highest level of growth since 2004, taking the...

Average property price jumps past £350,000: Rightmove

The average price of a property coming onto the market came to £354,564 in March, shows the latest house price index from Rightmove. This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that...

Buoyant property market sees biggest monthly jump in asking price

February has seen the biggest monthly rise in house prices — in cash terms — according to the latest Rightmove property index. According to this property index, asking prices in February hit a record high of £348,804 —  a rise of £7,785, or 2.3% when compared to the...

Average cost of a UK home is now a quarter of a million pounds

Property prices have risen by 10% in the last year, as the housing market defied the pandemic The price of a typical UK home has topped a quarter of million pounds for first time, according to Nationwide, hitting £250,311 in October. The building society said that...

Bank of Gran and Grandad gifts £437m over stamp duty holiday

The Bank of Gran and Grandad was open for business during the stamp duty holiday, gifting £437.3m towards buying homes for younger relatives over the last 15 months, according to Key. The relief from the tax ends on Thursday, but during that time over-55s have given...
House prices surged 14.3% in last 12 months

House prices surged 14.3% in last 12 months

Property prices are now 21% higher than before the pandemic struck in early 2020 Annual house price growth increased to 14.3%, according to Nationwide, from 12.6% in February. The building society said this marked the highest level of growth since 2004, taking the...

Average property price jumps past £350,000: Rightmove

Average property price jumps past £350,000: Rightmove

The average price of a property coming onto the market came to £354,564 in March, shows the latest house price index from Rightmove. This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that...

Buoyant property market sees biggest monthly jump in asking price

Buoyant property market sees biggest monthly jump in asking price

February has seen the biggest monthly rise in house prices — in cash terms — according to the latest Rightmove property index. According to this property index, asking prices in February hit a record high of £348,804 —  a rise of £7,785, or 2.3% when compared to the...

Bank of Gran and Grandad gifts £437m over stamp duty holiday

Bank of Gran and Grandad gifts £437m over stamp duty holiday

The Bank of Gran and Grandad was open for business during the stamp duty holiday, gifting £437.3m towards buying homes for younger relatives over the last 15 months, according to Key. The relief from the tax ends on Thursday, but during that time over-55s have given...

Labour Party pledges to set up building works agency

Labour Party pledges to set up building works agency

The Labour Party has pledged to set up a ‘building works agency’ to fund post-Grenfell repairs. Speaking at the Labour Party Conference, Shadow Housing Secretary Lucy Powell said her party has “a plan” to solve the building safety crisis if re-elected. Shadow...

UK house prices to increase by 30 per cent in the next decade

UK house prices to increase by 30 per cent in the next decade

Research by Comparethemarket.com analysed data from the Office for National Statistics (ONS) from 1992 to 2002 and predicted the UK average house will cost £323,718 by 2031.   In London, it is expected this could rise by a third to an average of £619,568.  This will...

Four action groups to tackle UK housing crisis

Four action groups to tackle UK housing crisis

Nationwide Building Society is leading an action plan to tackle the UK housing crisis, which it says has been compounded by the pandemic. More than 25 major organisations have come together and formed action groups that will collaborate to help solve existing and...

Nationwide launches sub 1% five-year fix and slashes rates

Nationwide launches sub 1% five-year fix and slashes rates

Nationwide has introduced a five-year fixed rate sub-one percent mortgage product and has reduced rates by up to 0.4 per cent. The product has a rate of 0.99 per cent and is available from tomorrow at 60 per cent loan to value (LTV). It is eligible for customers...