UK House Price Index: November 2022
Latest figures by the Office for National Statistics (ONS) have revealed that UK house prices increased by 10.3% in the year to November 2022, slowing from 12.4% in October 2022.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022
Where did house prices rise the most in 2022?
Rightmove has revealed the top ten places where prices increased the most in 2022.
Eastwood in Nottinghamshire has been crowned as the UK’s property price hotspot. According to Rightmove’s latest figures, the average asking price for homes in Eastwood increased by 29%.
https://www.rightmove.co.uk/news/articles/property-news/2022-property-price-hotspots/
Balearic Islands seek to ban non-residents from buying property
Officials on Spain’s Balearic Islands are looking to follow the new Canadian policy by banning non-residents from buying property in Mallorca, Menorca, and Ibiza.
Foreigners are being blamed for creating ghost villages by driving up property prices.
