A survey from property portal Share to Buy suggests that over three quarters of buyers believe they cannot afford to purchase a home on the open market.
The average price of property coming to the market for sale rises by 1.5% (+£5,279) this month to £368,118, as the market continues its recovery after a muted 2023.
The Bank of England has announced it has frozen interest rates at 5.25%. The bank's Monetary Policy Committee (MPC) voted by a majority of 8 to 1 to hold the base rate as it is, for the fifth consecutive time.
Property – it’s one of Britain’s best-loved investments. A pension plan for many, it provides the benefit of regular rental income, as well as capital growth in the long run, providing an ultimate pay-off after years of monthly payments when sold.
Owners of empty homes will pay double council tax after 12 months under Government plans - but grieving families will now get a year's grace.
The latest inflation figures are announced tomorrow and the Bank of England makes its next base rate decision on Thursday.
Buy-to-let investors are enduring mixed fortunes at the moment.
Annual house price growth reached 1.2% in February, returning to positive territory for the first time in over a year, Nationwide’s house price index has revealed.
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