View more on these topics

House prices up 5.1% year-on-year in April


House prices rose 5.1 per cent in the year to April, according to figures from the Land Registry.

The figures show the average UK house price rose from £171,052 in April 2014 to £179,817 in April this year. On a monthly basis, prices were up 0.9 per cent.

London house prices grew the most over the year, rising 10.9 per cent to £474,544, followed by the South east, which rose 8.8 per cent to £244,238.

The only region which declined on an annual basis was the North east, shrinking 0.6 per cent to an average price of £98,374.

The latest available sales volume data shows there were 54,103 transactions in February, down 17 per cent from 64,994 a year earlier.

Dragonfly Property Finance chief executive Jonathan Samuels says: “The broader fall in the number of property transactions over the last year suggests a natural slowdown in the property market after a period of exuberance.

“Looking forward, activity levels are likely to pick up slightly, in particular at the higher end of the market where fears around the general election outcome have subsided.

“However, don’t expect anything dramatic. While interest rates and the cost of living remain low, and employment levels high, there is still caution among buyers.

“The economy isn’t growing as much as we had hoped for either and eurozone worries remain in play. There is still a fair bit of uncertainty in the market.”



Tilney Bestinvest appoints ex-FSA chief to board

Tilney Bestinvest has appointed former FSA chief executive John Tiner and Betfair chief executive Breon Corcoran as non-executive directors. Tiner was previously chief executive of the Resolution Group, chairman of the UK Financial Capability Steering Group and is currently a non-executive director of the Credit Suisse Group and on the advisory board of Corsair Capital. […]


Innovation: ‘appy client relationships

The hype surrounding the recent launch of the Apple Watch shows that the genie is irrevocably out of the bottle when it comes to mobile technology. Everyone seems to have a device such as a smartphone or tablet and, with the rise of the app, businesses have a new marketing tool at their disposal Advice […]


Wheatley: Banks’ middle management is regulatory ‘blind spot’

Banks’ middle management is a regulatory “blind spot”, according to FCA chief executive Martin Wheatley. Speaking at a ResPublica banking event in London yesterday, Wheatley said middle managers play a “critical, but underplayed” role in restoring trust and confidence in banking. He said they influence a greater number of colleagues on a day-to-day basis than […]


LGIM unveils single fee for retail range

Legal & General Investment Management (LGIM) has introduced a single combined fee for its retail funds to simplify charges for investors. The new fund management fee (FMF) that kicks in today covers the costs of running the fund and replaces the ongoing charge figure (OCF) that is currently applied to the funds. Previously, LGIM levied […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment