2015 House prices hit a new record high in UK

2015 House prices hit a new record high in UK.  Buying a house in UK just got harder for those who want to realise their dream of property ownership.  As it stood, the prices were already out of reach for most first time buyers and this price hike will make it harder.  

House prices leaped by another £5,375 on average in the past month alone to reach a new record high of £204,674, new figures reveal. 

Prices rose by an average of 2.7 per cent, the latest study by Halifax suggests, with prices expected to continue rising this year. 

The increase marks the biggest monthly rise since May last year, when prices were soaring at double-digit rates before slowing down towards the end of the year, partly as a result of tighter mortgage regulations. House prices rose by 10 per cent on average last year.

The figures from Halifax come as a new survey from the Royal Institution of Chartered Surveyors predicted that house price inflation will accelerate in the coming months, helped by an increasing lack of homes on the market.  


Funny, just looked at houses on Houser.co.uk and Rightmove - both sites give the date the place went on sale,or the date it was last reduced, and quite a few properties have either been reduced, or have been sitting there for over 6 months, some for over a year. These were all houses north of Leicester, but suggests not all the country is 'enjoying'? (enduring?) a house price boom.  The area, which has increased the most is London.  

 

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Category: Business & Finance | 2 years, 2 month(s) ago

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