York Chosen as Ideal Second-Home Destination in the UK

According to a recent poll in new homes portal whathouse.co.uk, York has become the most popular destination for a second home in the UK. The city was voted top by 66% of readers, followed by Devon with 9%, the Scottish Highlands with 7%, Bath and Cornwall tied at 5%, while my home town of Brighton could only manage a measly 4% of the vote.

UK Mortgage Lending Falls, and Summer Is Likely to Be Slow

In April mortgage lending in the United Kingdom dropped by nearly 20%, according to data recently released by the Council of Mortgage Lenders. Figures for April show mortgage lending was an estimated £10.2 billion, compared to £12.6 billion in March.

Britons Becoming More Confident Over Housing Market

According to the latest Halifax Housing Market Confidence tracker, Britons are beginning to feel more confident over the housing market, with more than one in three predicting house prices will increase during the next twelve months. Just 20% expect house prices to fall.

U.K.’s Capital Set to See Price Growth of up to 3% This Year

According to Cluttons, prices of prime London real estate properties are set to increase by up to 3% this year, but it is predicting the rest of the country could see housing price falls of around the same amount.

UK Property Industry Strives to Meet Government Sustainability Targets

The UK property industry will strive to meet Government sustainability targets in spite of the continued economic downturn, property industry leaders told a MIPIM event earlier this week.

UK Home Prices Held Down by Eurozone Crisis

UK house prices are likely to remain suppressed due to continuing worries over the Eurozone crisis, and growing concerns over the risk of a double-dip recession, based on the findings of Chesterton Humberts/CEBR December 2011 House Price Poll of Polls report. This report is unique in that it incorporates all of the major national house price indicators and quantifies the results according to historical accuracy.

UK Homeownership Levels Hit Their Lowest Point since the 80s

Latest figures show home ownership levels in the UK have fallen to their lowest levels since the 80s when Thatcher was in power. Nine years ago 71% of homes were owner occupied, but now that figure has fallen to just 66%, with one in three households either in social housing or renting from a private landlord.

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