House prices across the UK have hit the highest level ever registered in the month of April, which is an unambiguous indication of a spring recovery in the real estate market. The house price hike report has been posted by Rightmove House Price Index on its property search website. Asking prices amplified by 2.1% month-on-month to touch £244,706 on average. The UK house price rise documented by the report for April is…

Nationwide has proclaimed that it is trimming the rates on some of its fixed-rate mortgages by 0.1% point, which would make them the lowest in the the company’s history. The Nationwide rate cuts are meant only for those people with a sizable 40% deposit to shell out. Moneyfacts.co.uk has divulged that the Nationwide fixed-rate mortgage cut offer comes with a £900 fee, which is applicable to two, three and five…

London property market was buoyed by overseas investors who helped lift house sales to a three-year high in March, and driving home commercial property sales of £2.75bn. Around 17 homes were sold on average over the three months to March, marking the highest number recorded since March 2010. Foreign buyers made up 71% of the sales figure, reiterating that London’s property remains a hot favourite among US, Middle Eastern and…

The average UK house prices rose 1.7% in March from £235,741 in February to reach £239,710, according to Rightmove house price index, marking the highest ever new seller asking prices in the month of March. The average house prices in the UK have scaled to reach the highest level since October 2012 when it was £243,168. The UK house prices rose 1.2% on an annualised basis up from £236,939 in…

Insurer Legal & General (L&G) has partnered with European private equity group Patron Capital to buy Lloyds-owned Cala Homes in a deal worth £210m. The investment groups plan to acquire 46.5% equity stakes in Cala from Lloyds Banking Group, with Cala’s management lapping up the remaining 7% share. Lloyds took control of Cala following a debt-for-equity swap at the end of 2009. The acquisition will be financed by £140m of…

Mortgage lending in the UK was at a record five-year high at the beginning of this year since 2008 buoyed by an increase in first-time buyers through the Bank of England’s Funding for Lending Scheme (FLS), suggesting that banks are beginning to pump money back into the economy. The start of the year saw 38,300 mortgage approvals in January, which was a 11% increase from the same period in 2011.

The UK house prices increased marginally by 0.5% in February and by 1.9% in the three months to February, rising to reach £163,600, compared with prices in same quarter previous year, reports mortgage lender Halifax. The rise in February marks the fifth consecutive month without registering a fall. The latest data on the UK property market showed ‘evidence of improvement’ and a continued upward trend in housing sales. Halifax expects…

The UK property prices have surged to reach a five-year high, with asking prices rising 2.8% in February to £235,741, the highest figure for the month of February since 2008, up by 1.1% on an annual basis, as reported by Rightmove House Price Survey. Rise in inquiries from potential buyers have led to the sky-rocketing prices in the UK real estate. Contrarily, London property prices gained just 1.2%, the smallest…

The average cost of a London home is expected to be £383,000 this year, which is a slower price growth when compared with last year’s property price rise, according to a study by the Centre for Economics and Business Research (CEBR). The think tank also expects the London property prices to surge by more than 30% by the end of the decade reaching the half a million figure (£500,000) by the end of…

Crest Nicholson is all set to return to the stock market with the announcement of initial public offering (IPO), five years after it was taken over during the housing market crash. The Surrey-based house builder announced that the IPO would comprise of new and existing shares and that the primary proceeds from the offer, around £50 million, would be used to pay outstanding borrowings. Founded in 1963, Crest Nicholson was bought by HBOS…