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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 ...
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).
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the ...
Taylor Wimpey is expecting to build up to 10,000 homes this year, at the top end of previous estimates. The developer upgraded its annual building forecast on Wednesday, saying that it expects a ...
The average rate on a 30-year fixed-rate mortgage is now at its lowest level since early February, with data from Freddie Mac last week showing rates were down to 6.73% from a peak above 7.2% ...
For buyers, the housing market continues to pose challenges in terms of finding available homes for sale. In October 2023, the number of homes actively for sale fell by 2% from the previous year ...
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]
The 2023 Periodic Review of Westminster constituencies was the most recent cycle of the process to redraw the constituency map for the House of Commons. The new constituency boundaries were approved by the Privy Council on 15 November 2023 [ 1 ] and came into law on 29 November.