UK Property Trends in 2015
- UK house prices up 5.2% year on year. Excluding London and the South East, UK house prices increased by 4.8% (ONS Index 2015 year to date)
- Bridging loans increased for the second consecutive quarter to £131.72m (source: Bridging Trends)
- Areas in once-unfashionable parts of London have seen average property prices hit half a million pounds for the first time. Prices in South Acton, in the borough of Ealing in west London, hit £628,557 in the year to May. (source Savilles Research via http://www.telegraph.co.uk/finance/property/11933174/Even-house-prices-in-the-cheap-parts-of-London-are-unaffordable.html)
- The number of buy-to-let deals on the market has more than tripled since 2010
- The HMRC collected £7.5 billion stamp duty revenue in 2014-2015
- The average house price in August 2015 was £284,000
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