The FindaProperty.com house prices and affordability index
Some interesting news from FindaProperty.com’s October affordability index - house prices are rising, but affordability for first time buyers is deteriorating…
“It’s never easy to get on the housing ladder but until the summer we had been seeing a gradual narrowing of the affordability gap. This has led to a definite pick-up in first time buyer activity as people have taken advantage of improved affordability and the stamp duty exemption on properties priced under £175,000. With prices now rising and affordability tightening again it becomes even more important that the Government retain this beyond its end date of December 31st.” Michael Flynn, Director of FindaProperty.com offers his opinion on the findings.
Maida Vale defies the downturn
Have a look at the article from The London Paper.
House prices on the up
Following on from the news yesterday that mortgage approvals are 20% up, according to this article in the Times , house prices have risen for the first time since 2007! Could this mean we’re on our way to recovery from the financial crisis?
It certainly looks hopeful, but I I still thinks there’s a long way to go just yet.
House price trends
Just stumbled across this website about house trends. You can view the latest property prices and statistics and compare property prices by borough…it’s quite a useful tool if you’re looking to buy or sell at the moment. Have a look at the house trends website here.
