The FTSE 100 saw a sleepy session of trading on Tuesday, with the index rising 0.1% to 7,419.5 in early afternoon trading. The market dodged the panic across the Asian markets, however, US House Speaker Nancy Pelosi’s visit to Taiwan set off renewed alarm bells as geopolitical tensions flared. “The FTSE 100 was in consolidation […]

The post FTSE 100: BP profit soars as housing market outlook hurts housebuilders appeared first on UK Investor Magazine.

The FTSE 100 was 1% higher in Monday trade as the market recovered from last week’s selloff after Bank of England and US Federal Reserve decisions to hike rates. “Following last week’s brutal session for stocks globally, a 0.2% rise in the FTSE 100 is a good enough reason to be more optimistic about the […]

The post FTSE 100 rebounds as bargain-hunters pick up cyclical stocks appeared first on UK Investor Magazine.

Barratt Developments shares were up 1.2% to 490.4p in late morning trading on Thursday, after the company announced that it was on track to deliver total completions between 18,000 to 18,250 homes in FY2022, including around 750 houses from joint-ventures in line with management expectations. Barratt confirmed a projected growth of 4% to 6% year-on-year […]

The post Barratt Developments on track to deliver 18k homes appeared first on UK Investor Magazine.

The UK House Price Index has released its figures from November 2020, detailing how prices rose 4% between October and November, with the annual price change in the capital over the year coming in at +9.7%. In England as a whole, the November data shows on average, house prices have risen by 1.2% since October […]

The post House prices in London rose 4% in November appeared first on UK Investor Magazine.

New research by estate agents Coulters Property has collated the average house price and salary in every major town and city in the UK to reveal the places where you will need to work the most – or least – to pay off your mortgage if you put down a 15% deposit. A mortgage is […]

The post Mortgage repayment rates reveal North-South divide appeared first on UK Investor Magazine.

Shares at British homebuilding firm Taylor Wimpey (LON:TW) have climbed a modest 1% after the company released an optimistic trading update for the year ending 31 December 2020, citing a “healthy sales rate” and “strong demand” for its resilient performance during the Covid-19 pandemic. Wimpey announced that it has started 2021 with an “excellent” order […]

The post Taylor Wimpey shares climb on trade update appeared first on UK Investor Magazine.

Real estate firm Rightmove has projected a further climb in UK house prices in 2021 despite Brexit, the ongoing coronavirus pandemic and whether or not the government chooses to extend the current stamp duty holiday. Asking prices rose almost 7% this year, but are expected to gain a further 4% over the next twelve months […]

The post UK house prices forecast to rise in 2021 appeared first on UK Investor Magazine.

In November UK house prices increased at the fastest rate since 2015. Figures from Nationwide showed that house prices in last month surged 6.5% average house price in the UK increased from £227,826 to £229,721. The housing market remained strong over the second lockdown and increased by a 5.8% growth in October. Thanks to the […]

The post House prices continue to surge in November appeared first on UK Investor Magazine.

Research by Astons – a leading international real estate expert on residency and citizenship through investment, offering bespoke residence and citizenship solutions in the UK, EU and Caribbean through property investment – has found evidence of a growing trend amongst foreign investors bulk-buying properties across the UK in order to capitalise on the current stamp […]

The post Foreign investors bulk-buying UK properties to capitalise on stamp duty savings appeared first on UK Investor Magazine.

A new report by WeBuyAnyHome has outlined the impact of the coronavirus pandemic on the UK housing market, revealing that house sales enquiries have plummeted by 32% on average compared to 2019 as widespread lockdowns and market turbulence dampen appetites to buy. The data compares house sales enquiries from January to September 2019 to the […]

The post UK house sales enquiries dropped by 32% in 2020 appeared first on UK Investor Magazine.

Taylor Wimpey (LON: TW) shares surged on Monday morning as the housing market continues to be resilient after reopening after the second quarter shutdown. The FTSE 100 housebuilder has said that it expects this year’s financial results to be at the upper end of expectations and remains confident about next year. Since the lockdown in […]

The post Taylor Wimpey shares surge amid “resilient” demand appeared first on UK Investor Magazine.

In its statement on Thursday, the Bank of England said “there are signs that consumer spending has softened across a range of high-frequency indicators, while investment intentions have remained weak”. This, and the need to help the government introduce renewed fiscal support during lockdown, saw the central bank announce an additional £150 billion in QE. […]

The post Bank of England £150bn QE: is it enough to face off the challenges ahead? appeared first on UK Investor Magazine.

The average asking price for homes in the UK hit a record high in October, according to new figures from Rightmove. The average price for a home in Britain has increased by 1.1% last month to £323,530. The cost of a house on the website is a 5.5% increase from a year ago – the […]

The post Housing market: Average asking price hits record high appeared first on UK Investor Magazine.

UK house prices are continuing to grow as mortgage applications hit a 12-year high. The average house price in September was £249,870 – a 1.6% rise from August. According to Halifax, the market is surging as people are looking for more space following the lockdown. However, growth is not expected to continue. Due to the […]

The post House prices continue to surge post-lockdown – but will the growth continue? appeared first on UK Investor Magazine.

New research by estate agents Coulters has revealed that average UK house prices have soared by 300% in the last 20 years, while average income has only seen a 70% increase over the same period. The report outlines just how hard it has become for first-time buyers to get on the property ladder. In 1999, […]

The post UK house prices soar 300% in 20 years appeared first on UK Investor Magazine.

Chancellor Rishi Sunak is expected to announce a ‘mini budget’ on Wednesday, in which he will propose a stamp duty holiday, similar to the proposal made by former Chancellor Phillip Hammond in 2017. The move is expected to see the raising of the initial stamp duty threshold from £125,000 to as much as £500,000, in […]

The post Sunak to announce stamp duty holiday for properties under £500k appeared first on UK Investor Magazine.

The Dow Jones had a tough time deciding where it wanted to go after the bell, with US housing market news neither going one way or the other. After dropping over 150 points, the index bounced, fluctuated and now sits 0.34% up at 25,959 points. The confusion began with the headline that monthly home sales […]

The post Dow Jones flattened by housing market mixed messages appeared first on UK Investor Magazine.

According to the UK’s largest property website, Rightmove Plc (LON: RMV), the UK housing market suffered its first price dip for September for eight years (since its last dip in 2010). The announcement came as average property prices dipped 0.2% or £730 in comparison with August; an irregular shift from the expected trend of a […]

The post Housing market autumn bounce snuffed by Brexit says RIghtmove appeared first on UK Investor Magazine.

British property developer Berkeley Group Holdings Ltd (LON: BKG) announced it is holding its annual general meeting today, and stated it remained confident in the London, Birmingham and South East housing market, despite a challenging political and macroeconomic backdrop. To prepare for the risks associated with the ‘disruptive Brexit’, the Company said it would continue […]

The post Berkeley remains confident in South East housing market ahead of AGM appeared first on UK Investor Magazine.

Despite some signs of resurgence in the housing market, banking group Halifax (LON:HALP) have compounded ongoing woes for UK house prices in 2018, citing the lowest annual growth in the last five years. The Halifax House Price Index is the UK’s longest-running series that compares house prices and property price movements on a like-for-like basis. […]

The post Halifax cites house price growth at five-year low appeared first on UK Investor Magazine.

Barratt Developments releases impressive results for the year through August, after reporting that it built its largest number of homes for a decade. The company announced bumper pre-tax profits of £835.5 million, up 9.2% on-year. At the same time, sales grew 4.8% to £4.87 billion. Additionally, forward sales were up by 11.1% to £3 billion, […]

The post Barratt Development has impressive year after shirking London market appeared first on UK Investor Magazine.

Countrywide’s (LON:CWD) woes continue as their share price continues to fall, and eventually hit its all-time low late in Monday trading. Following this news, Major Countrywide shareholder Oaktree Capital (NYSE:OAK) slashed its stake in the company from 30% to little over 18%. Following the backing of a management bid for £140 million in additional funding, […]

The post Countrywide shares continue free-fall and major investor reduces stake appeared first on UK Investor Magazine.