Young people to get inheritance windfalls

Young people to get inheritance windfallsThe amount younger people inherit is set to rise according to new research; but the trend is likely to reverse in years to come. The survey, by the Institute for Fiscal Studies (IFS), found that: The level of wealth in elderly households, where all members are 80 or over, has risen by 43% over the past 10 years 44% of elderly households intend to leave an inheritance of £150,000 or more, up from 24% 10 years ago 75% of people born in the 1970s expect to ...

House prices: Proof that a North / South divide still exists

Proof that a North South divide still exists 150pxFurther evidence has emerged today of a growing, north / south divide in house prices. Ever since the last housing crash following the financial crisis, the personal finance pages have been awash with stories about booming house prices. However, for many people living in the North of the UK the picture of soaring prices and a vibrant property market has been a mystery and evidence has emerged of a widening gap between house prices in the North and the South of the country. In ...

Land Registry House Price Index: Prices leap in March

Land Registry House Price IndexThe latest figures from the Land Registry show house prices rose sharply in April. According to data released today by the Land Registry, house prices in England and Wales rose by 1.5% in April and are now 6.7% higher than the same time last year. The Land Registry figures differ from those produced by the Halifax and Nationwide. According to the Halifax, house prices actually fell in April by 0.2%, whilst the Nationwide put the rise at 1.2%; 0.3% lower than the Land Registry. Unsurprisingly, property in London has ...

Land Registry House Price Index: Small fall in house prices

Land Registry House Price Index: Small fall in house pricesNew figures show house prices fell back slightly in March, although they are still significantly higher than the same time last year. The latest figures from the Land Registry, which looks at house prices in England and Wales, show a slight drop in March of 0.4%. However, the year on year figures still show a rise of 5.6% over the past 12 months, taking the average house value in England and Wales to £169,124. Unsurprisingly ...