The average price of a home jumped by £3,301 this month, at the same time as Rightmove saw double the amount of inquiries from prospective buyers.
It may not stave-off recession, according to inflation data expert.
Are prices in England & Wales still rising?
Energy efficiency will become key considerations for buyers next year while those with cash will be preferred purchasers, Jackson-Stops has predicted.
Buy-to-let lenders need to ready themselves for a “prolonged period of stress” when it comes to assessing mortgage applications, the Bank of England has warned.
Two pillars have long held up hundreds of thousands of retirement dreams: the stock market and the property market. Cracks have emerged in both this year. Savers relying on their workplace pension have watched the value of their pots sink, thanks to a twin sell-off in both the bond and stock markets.
An accountancy firm says that 70,000 buy-to-let landlords have exited the UK’s rental market over the last 12 months.
London has returned as the go-to destination for potential property buyers, Rightmove claims.
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- UK Inflation Eases In November
- Millions Of Younger Adults Worried About the Cost-Of-Living Crisis Impeding Their Homeownership Plan