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Tuesday 2nd June 2015, Property media watch:
“House prices in England and Wales increased by 0.9% in April and 5.1% year on year to an average of £179,817, according to the latest index from the Land Registry. But price are still below the peak of the market in November 2007 when prices averaged £181,014. The April data also shows that the London market continues to grow with prices up 2.3% month on month and 10.9% year on year, taking the average price of property in the capital to £474,544. The North East saw the only annual price fall with a decrease of 0.6%.”
“New data from the Bank of England has revealed that the number of loan approvals for house purchases was 68,076 in April, compared to the average of 60,679 over the previous six months. The number of approvals for remortgaging was 35,930, compared to the average of 32,308 over the previous six months. The number of approvals for other purposes was 10,623, compared to the average of 9,404 over the previous six months.”
“New plans for the tallest office scheme being built outside London at the old NatWest Tower have been resubmitted to the council. Sterling Property Ventures and Rockspring are seeking permission to demolish the tower and build a £60 million, 26-storey, office block. The 103 Colmore Row building, which will stand at 346ft and more than 800ft above sea level, will create 500 construction jobs and, once completed, house 2,000 workers.”
