House prices suffer first quarterly fall for nearly five years

House prices suffer first quarterly fall for nearly five years – but a shortage of homes and low mortgage rates will prevent a bigger dip, says Halifax

  • Typical house price is now £219,649 according to Halifax
  • Property values fell in last three months – first fall since 2012
  • But low mortgage rates and lack of supply will keep prices ticking higher 

House prices fell 0.2 per cent between February and April marking the first quarterly fall since November 2012, the latest Halifax property index shows.

Property values have ‘stagnated’ so far this year thanks to a decline in job creation and a squeeze on household finances with inflation increasing, one of Britain’s biggest lenders says. (more…)

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Is this the holiday home that finally makes caravanning cool?

ARK PROPERTY CENTRE ARE PLEASED TO BE MARKETING THESE BRAND NEW  LUXURY HOLIDAY HOMES AT TATTERSHALL LAKES COUNTRY PARK RESORT

This static caravan takes glamping to a whole other level.

Now holidaymakers can enjoy the Manhattan apartment experience in a field at Tattershall Lakes Country Park, Lincolnshire.

Park operator Away Resorts has introduced the TriBeCa caravan, equipped with en-suite bathrooms, a stand alone bath, flat-screen TVs and a hot tub!

Step inside the panoramic screen doors and visitors will find an open plan living room and kitchen reminiscent of a trendy inner city loft. The idea for the TriBeCa, named after a district in Manhattan, came from Away Resorts boss Carl Castledine who believes caravanning will become much more popular after Brexit. He said: ‘The caravan industry contributes more than £6bn a year to the UK economy, so it’s got no shortage of fans. But, it’s never really been cool, until now.

Reinventing the caravan:

The TriBeCa comes equipped with en-suite bathrooms, a stand alone bath, flat-screen TVs and a hot tub
The TriBeCa comes equipped with en-suite bathrooms, a stand alone bath, flat-screen TVs and a hot tub

 

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House prices start the year with a slight drop according to Nationwide Price Index

According to The Nationwide House Price Index for January figures show the average property values fell from £205,898 in December to £205,240 in the first month of 2017.

Despite this, Nationwide’s release paints this as a 0.2% increase taking into account seasonal adjustments, and 4.3% up annually. The annual rate of growth has also slowed from 4.5% in December but is still up on the £196,829 recorded this time last year.

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UK mortgage deals jump by nearly a fifth as competition heats up

Returning confidence in the housing market, combined with stimulus schemes such as Help to Buy, have encouraged lenders to offer more deals

The number of mortgage deals on the market has jumped by nearly a fifth in a year to its highest level since the financial crisis. A year after the mortgage market review brought in new affordability checks, the total number of different home loans available in April was up 19% from 11,416 to 13,539, according to data from the Mortgage Advice Bureau. The figures suggest that consumer choice has not been restricted by the new rules and that competition has returned to the market.

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