March house prices up 5.6% – Land Registry

MortgageSolutions

“With London house prices up 12.4% in the year to March, according to the Land Registry, the capital’s housing market doesn’t appear to be slowing down anytime soon.

“While parts of the country are starting to see a slowdown in price rises, with Wales witnessing a significant fall month-on-month, the capital defies the odds. Pressure to buy is still considerable with many buyers competing via open houses and sealed bids for a limited amount of stock.

“The increased availability of mortgage finance at higher loan-to-values is finally making it possible for many frustrated first-time buyers to take a step onto the ladder. The real challenge is finding a property you can afford to buy and being able to secure it in the face of stiff competition before prices move higher still.”

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House sales up by 46%

TheIndependent

“The capital’s housing market doesn’t appear to be slowing down anytime soon. While parts of the country are starting to see a slowdown in price rises, the capital defies the odds. Pressure to buy is still considerable with many buyers competing via open houses and sealed bids for a limited amount of stock.

“The increased availability of mortgage finance at higher loan-to-values is finally making it possible for many frustrated first-time buyers to take a step onto the ladder. The real challenge is finding a property you can afford to buy and being able to secure it in the face of stiff competition before prices move higher still.”

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London housing bubble shows no sign of bursting

EveningStandard

“The capital’s housing market doesn’t appear to be slowing down any time soon. Pressure to buy is still considerable with many buyers competing via open houses and sealed bids for a limited amount of stock.

“The real challenge is finding a property you can afford to buy and being able to secure it in the face of stiff competition before prices move higher still.”

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National house price inflation up 9.1% – ONS

MortgageSolutions

“Sellers are in the fortunate position of being able to ask what they like,” he said.

“The market has a 2007 feeling – if you don’t buy now and pay that extortionate price, there is a long queue of people behind you ready to jump in.

“With property prices up 10.5% for first-time buyers compared with a year ago, many people are in danger of being priced out again.”

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ONS: House prices up 9.1pc

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“Confidence is now spreading out to the regions, which is making for a more balanced market. It is not just about London experiencing one thing and the rest of the country something else.

“The market has a 2007 feeling – if you don’t buy now and pay that extortionate price, there is a long queue of people behind you ready to jump in.

“With property prices up 10.5% for first-time buyers compared with a year ago, many people are in danger of being priced out again.”

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10 things to consider before rushing into the property market

guardian

“To get ahead of the pack in a booming market, you need to have your mortgage in place. That way, when you come to make an offer, you’ll be able to demonstrate that you can move quickly and are a serious buyer. Typically, a mortgage agreement in principle lasts for six months and isn’t specific to any particular property. However, don’t panic and assume you have to stick with this deal if your bid is accepted.”

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