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UK house prices see rapid growth

UK house prices see rapid growth By JONATHAN POWELL in London | China Daily Global | Updated: 2021-06-30 07:57 A sold sign is seen on the wall of a house on a new Barratt Homes housing development near Warrington, Britain, Aug 6, 2020. [Photo/Agencies] House prices in the United Kingdom have grown at their fastest rate in more than 16 years on the back of low interest rates and a government tax discount, according to a leading mortgage lender. Latest data from the Nationwide Building Society said its house price index rose 13.4 percent in June compared with the same month last year, a rate of growth not seen since November 2004.

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Gazumping is back! Call for action as two in five house sales are hijacked by higher bidders

There were fresh demands for action to stop gazumping last night after more than a third of house sales were hijacked by a higher bidder in the last year. Two in five buyers admitted securing a home by putting in a better bid after a sale to someone else was agreed but before contracts were exchanged. The practice, which is not illegal, was the leading cause of property deals not going ahead in the last 12 months, says comparison site Comparethemarket.com. It comes amid a buying frenzy which began as the market reopened in May last year and was boosted by Chancellor Rishi Sunak’s stamp duty holiday.

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House prices close to record high relative to average income, says chief economist

House prices close to record high relative to average income, says chief economist
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House prices surge by more than 13% annually in June – index

House prices surge by more than 13% annually in June – index
pressandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandjournal.co.uk Daily Mail and Mail on Sunday newspapers.

Homebuilders buoy FTSE as house prices rocket

Homebuilders buoy FTSE as house prices rocket
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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