Blog — Taylor & Smith Ltd

09.12.2024

The average house price in the UK rose to a record 298,083 pounds in November, according to Halifax data

The average UK house price reached a new high of £298,083 in November 2024, as reported by Halifax. This marks the fifth consecutive month of rising property values, with a 1.3% increase compared to October...

01.06.2024

House prices remain flat as mortgage rates rise

House prices last month were 1.1% higher than the same time last year, following a 0.4% annual increase in March. Amanda Bryden, head of mortgages at Halifax, stated that the housing market is «finding its...

30.05.2024

UK house prices are on the rise again, indicating a resilient housing market.

According to a building society, UK house prices saw a resurgence in May, demonstrating market «resilience» following two months of decline. Nationwide reported that the average property price in Britain increased by 0.4% month-on-month to...

01.12.2023

December 2023’s Housing Market Update

In November, house prices saw a modest growth of 0.2%, contributing to a national annual decline of -2.0%, as reported by Nationwide. This marks the third consecutive month of price increases, signalling increased stability in...

10.08.2023

House prices in Scotland fall for first time since Covid

Most chartered surveyors, according to their trade association, have observed a decline in house prices since April, marking the first such decrease reported by the Royal Institution of Chartered Surveyors (RICS) since June 2020. Nationwide...

23.01.2023

Cost of living: Rents and house prices continue to rise

Late last year, official data revealed ongoing increases in both house prices and rents, although experts anticipate a deceleration. Rent for properties under private landlords surged to its highest level since records began seven years...

15.12.2022

UK homeowners calculate their losses

According to new data from major UK real estate companies published for 2022, in recent months, British homeowners have been forced to sell their property at a price below the asking price. Real estate portals...

01.12.2022

Average monthly rent across UK hits record high

In the third quarter of 2022, rentals outside of London rose to an unprecedented average £1,162 per calendar month. Statistics data provided by the real estate portal «Rightmove». That is 3.2% more than the average...

30.11.2022

Average UK mortgage rate finally drops

The average rate on a five-year mortgage deal has dropped below 6% for the first time in seven weeks. Moreover, according to financial data providers, it could fall even further. Since the mini-budget two months...

01.11.2022

Real Estate Market General Predictions

2022 proved to be a tough year for the UK’s property market with home values rising at a record speed, however real estate experts expect a price fall next year. According to most industry opinions,...