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Housing stock value in UK passes £5 trillion for the first time
The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading →
Home lending in UK remained resilient in 2016 but outlook for 2017 is less bullish
Mortgage lending in the UK increased towards the end of 2016 which turned out to be a year when Brexit and economic uncertainty weighed on the market. The outlook for lending to home buyers is less bullish than it was a year ago but the market is proving to be resilient, according to the latest […] The post Home lending in UK remained resilient in 2016 but outlook for 2017 is less bullish appeared first on PropertyWire . Continue reading →
Manchester aims to build 2,000 new affordable homes a year
With cities in the UK facing a lack of affordable homes one of the biggest in the country has announced plans to build 2,000 new homes every year. Manchester City Council says it was to accelerate the delivery of affordable homes and has drawn up a housing affordability framework which aims to ensure a strong […] The post Manchester aims to build 2,000 new affordable homes a year appeared first on PropertyWire . Continue reading →