Infrastructure Awards 2018

Build 2018 Infrastructure Awards 10 London Property Market Update LESSONS FROM CARILLION: Residential Updates half a percent thanks to low mortgage rates and increasing employment levels. The low mortgage rate has led to a sharp rise in the mortgage approvals – a leading indicator of completed house sales – since January. Approvals rose by 9.4% each month from January to hit a peak of 67,478. Despite this being a positive figure, it is important to recognise that these represent a decrease of 2.4% on the figures from this point last year. Helping to keep the market from stagnating, the increase in mortgage approvals and a plateau in house prices provides hope for First Time Buyers as more options open-up in the wake of lower pricing. n early March of this year Halifax released their report on the state of the UK Housing Market. This latest index , focusing on residential properties showcased many interesting figures and trends relating to the growth of the property market across the UK in the first months of 2018. The average property price in the UK £224,353, which represents a fall of roughly £2000 in the last quarter of the year. This is down to reported growth declining from 2.2% to 1.8% from November to February. Halifax figures show cause for optimism as rates began to rise again by almost I 3 1.