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A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
Even boosting (UK) housing supply to 310,000 homes per annum in their model only brings a five per cent fall in the baseline forecast of house prices". [30] Therefore, the National Housing Federation (NHF) and Crisis from Heriot-Watt University argue that alongside the needed 340,000 new homes each year (until 2031), 145,000 of those “must be ...
January 18, 2023 at 6:26 AM. The average UK house price edged down in November from a previous record high, according to official figures. Property prices increased by 10.3% in the year to ...
The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [49] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [50]
Breakdown of UK daily newspaper circulation, 1956 to 2019. At the start of the 19th century, the highest-circulation newspaper in the United Kingdom was the Morning Post, which sold around 4,000 copies per day, twice the sales of its nearest rival. As production methods improved, print runs increased and newspapers were sold at lower prices.
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The number of social homes is at a record low, over 100,000 households were on council waiting lists for over 10 years. [50] Council houses sold under right to buy are typically sold at half market value, some of the money from the sale has to go to the Treasury. Councils can replace only one in three of homes sold under right to buy. [51]
Meanwhile, rising mortgage rates continue to create headaches for house hunters who are already spooked by historically high home prices. The average 30-year fixed mortgage rate in the U.S. stood ...