Page 31 - Lucy Pendleton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Joshua Donnell and Eneli Otsa missed out on their dream home The housing market has reached “frenzy territory” with buyers placing increasingly desperate bids in order to secure properties. One couple, first-time buyers Joshua Donnell, 24, and Eneli Otsa, 25, from Nottingham, were rejected three times on three different properties despite bidding over the asking price on each occasion. “The first property we put an offer in for was a dream home,” Mr Donnell said. “We viewed it twice in a day and put an offer in at the asking price. It was rejected even though there were no other...

BBC News Published image copyrightGetty Images Average house prices have climbed about £20,000 in the last year, the Halifax says, as the buying frenzy prompted by the stamp duty holiday continues. Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years, it said. Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge. "There's a fear among buyers that they could miss out if they don't hurry up and buy before prices spiral," he said. The Halifax said that prices rose sharply in April, up by 1.4% compared with March. The averag...

UK housing market 'on the boil' as prices rise © Getty Images Coastal properties have become increasingly popular UK house prices rose by 7.1% compared with a year ago, the Nationwide has said, prompting one analyst to suggest the market is "on the boil". Popular Searches The building society said the average property price had risen by £15,916 in the last year, to reach £238,831. The Nationwide said increased savings during lockdown meant some first-time buyers would be better placed to afford a home. But prices could continue to rise as homes available did not match demand. Lucy Pendle...

UK house prices grow at fastest pace in more than 15 years in April The extension to the stamp duty holiday prompted a spike in house prices, Nationwide data showed UK house prices grew at the fastest pace in more than 15 years this month, according to the latest research.  The average house price was up 2.1 per cent month-on-month, the biggest monthly rise since February 2014.  Annual house price growth rebounded to 7.1 per cent in April compared to 5.7 per cent in March, pushing property values to a new record high of £238,831. House prices have jumped by £15,916 over t...

© Tim Graham/Getty Images House prices saw their biggest monthly rise since February 2004 this April, jumping 2.1% month on month to reach a new record high average price of £238,831. Over the last 12 months they have risen by 7.1%, or by an average of £15,916. Nationwide’s latest house price index adds to what we have been saying for a while now — the boom that started last July when the stamp duty holiday was announced does not seem to be abating. April’s 7.1% yearly rise is only slightly below the peak of 7.3% recorded in December and up from 5.7% in March.  Everyone predicted t...