Average UK house price drops £5k in April – but experts say property boom not over

UK house prices dipped in April as buyers lowered their offers in anticipation of the stamp duty holiday ending, official figures have shown.   Prices fell 1.9 per cent between March and April according to the Office for National Statistics’ April House Price Index.  This meant the average house price fell back around £5,000 to £250,772 … Read more

With house prices high, should first-time buyers be worried about negative equity?  

Many homeowners may have welcomed the stratospheric rises in property prices we have seen this year, as they have increased the value of their most important asset. The typical home was worth nearly £262,000 in May, according to the latest Halifax price index. This is £22,000 more than in May 2020.  Prices are tipped to … Read more

With house prices high, should first-time buyers be worried about negative equity?  

Many homeowners may have welcomed the stratospheric rises in property prices we have seen this year, as they have increased the value of their most important asset. The typical home was worth nearly £262,000 in May, according to the latest Halifax price index. This is £22,000 more than in May 2020.  Prices are tipped to … Read more