View more on these topics

House price boom could be ending: Haart

House-Home-Ad-In-Paper-700.jpg

England’s house price boom could be ending, according to estate agent Haart.

Haart says it sees decreasing demand in the housing market, according to the FT.

Haart chief executive Paul Smith says: “We believe the nation has now neared the limit in terms of price rises.”

The estate agent says UK mortgage approvals fell 8.6 per cent in April.

The Royal Institute of Chartered Surveyors says this is partly due to a rush of investors trying to beat a stamp duty surcharge.

But Haart says reduced economic growth and completely unaffordable house prices are also playing a part.

Recommended

Real-Estate-Agent-House-For-Sale-London-700.jpg

ONS: House prices up 9% in past year

House prices rose 9 per cent to £292,000 in the year to March, according to the Office for National Statistics. Growth was up from 7.6 per cent in the year to February. Annual UK-wide growth was driven by London (13 per cent), the South East (12.2 per cent) and the East (12.1 per cent). Excluding […]

Halifax-Bank-Branch-Building-700x450.jpg
1

House prices fall 0.8 per cent in April

House prices fell by 0.8 per cent between March and April, according to the latest Halifax House Price Index. The average house in April cost £212,321. House prices in the first quarter of 2016 were 1.5 per cent higher than the preceding quarter. Halifax say this was the smallest quarterly increase since 1.4 per cent […]

House-Home-Property-Ladder-Mortgage-700x450.jpg

House prices rise 4.9% in the past year

House prices grew 4.9 per cent in the year to April, according to Nationwide. The average house price now stands at £202,436, which is up 0.2 per cent since March. Nationwide chief economist Robert Gardner says: “While UK house prices edged up 0.2 per cent during the month of April, the annual rate of house […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]

Newsletter

News and expert analysis straight to your inbox

Sign up