Eleven buyers chasing each property: There are 11 buyers chasing each property for sale in the U.K. as supply falls to an 11-year low, exacerbated by half of buyers in the first six months of the year having no properties to sell.
BBA mortgage approvals rose to a level of 46.74 K in August, in the UK, compared to market expectations of a rise to 47.00 K. BBA mortgage approvals had recorded a revised level of 46.31 K in the previous month.
The price of good quality English farmland has doubled over the past five years, making it the most expensive in the world and offering a better return than prime London property, the FTSE 100 or gold. According to agents Knight Frank demand from wealthy private individuals as well as pension funds, has driven up the average price for an acre of "investment grade" English farmland (large plots with economies of scale) to £12,500, up 100% since 2010. -
London flats cost 67% more than in 2005 and are set to keep climbing: London flat prices have outstripped every other property type in every other region of the U.K. over the last decade, according to research published by a major mortgage provider this morning.
10,000 new ‘Northern Powerhouse’ homes funded by £1.2 billion China deal, says Osborne: Thousands of new homes are to be built in Manchester, Leeds and Sheffield - and paid for by China - as part of a £1.2billion deal announced by the Chancellor
First-time buyers head straight for a semi: First-time buyers used to work their way up the property ladder by starting with a small apartment before moving to somewhere bigger, but now many are bypassing flats because of their soaring prices.
L&G pours £400 million into Cardiff project: One of Britain’s biggest investors has given its backing to a regeneration project as the government seeks more private money to fund the development of housing and infrastructure.
Shop floors shrink by 1million sq ft as desperate supermarket chains cut space for first time in a decade: The total floorspace owned by Britain’s supermarkets has shrunk by over a million square feet in the past year - the equivalent of 13 football pitches - the first reduction in more than a decade.
Datafeed and UK data supplied by NBTrader and Digital Look.
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