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The number of properties sold this year is set to reach the highest level since the global financial crisis, Zoopla has forecast. Its projections come as the website’s latest house price index shows asking prices increased by 4.1% in the year to April, to reach an average of £228,300. Home sales are on track to hit ....
Property platform Zoopla expects sales transactions to hit 1.5 millon by the end of the year – up 45% on 2020 – almost taking the market back to its 2007 peak of 1.6 million. The value of sales in 2021 is forecast to total £461bn, up 68% from 2019 amid a rise in higher-value homes exchanging. However, the total number of homes available to buy is down 20.8% in the year to mid-May, when compared to the average last year. Zoopla also found that average house prices rose at 4.1% in the year to April, up from 2.3% in April last year, but down from 4.7% at the start of the year. On a city level, Liverpool (+6.9%) and Manchester (+6.8%) are registering the highest price growth of major cities, the fifth consecutive month this has been the case. ....
The Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey for April 2021 has outlined that buyer demand is remaining firm, but the flow of new listings has lost momentum. RICS found hat a net balance of +44% of contributors to the survey cited a pick-up in new buyer demand during April, in line with the previous month, which saw a reading of +43%. Newly agreed sales also rose over the month, evidenced by a net balance of +34% of respondents noting an increase, but this was down month-on-month from +48%. Looking ahead, a net balance of +23% of respondents said their near-term sales expectations were comfortably positive at the national level; over the next 12 months, this proportion cooled to just +12%. ....
Together adds two-year fixed second charge product By Gary Adams 14 th April 2021 12:43 pm Together has added a new second charge fixed rate mortgage to its product range, cut the rate on its five-year fix and increased the maximum LTV available from 70 per cent to 75 per cent. The limited edition Prime Plus two-year fix has a rate of 4.29 per cent for capital repayment at 4.79 per cent for interest-only. Together has also added cut the rate on its second charge five-year fix to 4.99 per cent for capital repayment and 5.49 per cent for interest-only. Both products are available at the maximum LTV of 75 per cent. ....
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