Hints and tips:
...“It will have more of an impact on higher-value markets in southern England and the Midlands, where a larger household income and deposit to buy a home with a mortgage is required,” he says....
...House prices in Wales, Northern Ireland, the North West and the East Midlands have all grown by more than 40 per cent since 2016, ONS data shows....
...A fifth of rented homes in Scotland, the north-west, East Midlands and West Midlands are located in markets where the average rent is £1,000 a month....
...Rates are currently at a 16-year high of 5.25 per cent but some economists think mortgage holders will soon start to get some relief....
...“This generation was right at the front of the growth [trend] in house prices and increasingly we’re seeing more of them with no outstanding mortgage debt.”...
...Last summer, Anthony Eastwood, who works in property PR, wanted to move to a larger home in Tamworth, in the West Midlands, with his wife and two-year old daughter, but high mortgage rates meant he couldn...
...Because there are significant regional differences in land values, the extra costs could hit development in Northern England and the Midlands hardest, it said....
...Over the same period, Yorkshire and the Humber is 21 per cent down; the East Midlands by 11 per cent; and Wales by 18 per cent....
...House prices fell across all UK regions for the first time since 2009 in the three months to September as high mortgage rates hit the market, according to Nationwide....
...The decline was sharpest in the south-west of England, where prices fell 6.3 per cent, but many regions, including Wales and the East Midlands, recorded contractions of more than 5 per cent....
...I think part of the story is that Tamworth is just a touch likelier to have people in it who own their own homes, whether outright or because they have mortgages....
...House prices in the West Midlands, Yorkshire & Humberside and Northern Ireland stagnated or rose marginally, while all other regions reported an annual fall....
...New data today showed rental costs rising by a record 9 per cent as landlords take properties off the market or pass on higher mortgage payments to their tenants....
...Coates gets plaudits for paying tax in the UK on her salary and dividends, as well as investing and expanding the business in and around the north and Midlands....
...Instead, the West Midlands continued to be the best performing region with an annual increase of 2.7 per cent....
...But the twin by-election battles held on Thursday in the West Midlands town of Tamworth and the Mid Bedfordshire constituency proved fatal for both Tory candidates....
...According to Rics survey respondents, house prices retreated across all English regions, with the index showing the sharpest fall in the net balance in the East Midlands and the South East....
...House prices in London were down by 1.4 per cent, while the Midlands, Northern Ireland and the South West reported an expansion....
...The more prices decline, the greater the incentive for homebuyers to halt mortgage payments on unfinished properties....
...Two-year fixed mortgage rates have risen above 6 per cent, creating a mortgage “time-bomb” that will detonate in households across the UK as they come off existing deals....
...Many houses in the Midlands are on the market for £300K or less. Market forces could level up where the government has failed....
...She said the property market in the area had divebombed after Liz Truss’s “mini” Budget spooked the markets in October sending mortgage rates soaring....
...House prices increased 0.9 per cent or more in the north-east of England, West Midlands and Scotland....
...Looking back over the past five years, the research found prices had risen fastest in lower-priced areas in the Midlands and northern England, with a jump of 47 per cent in Oldham, and 42 per cent in Bolton...
...The Labour leader is trying to focus his campaign on the cost of living as energy bills, mortgages, rent and food prices hit record levels....
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