House prices continued to rise at a slower rate than last year - another sign the property market is losing some steam. In January, house prices were up 1.3 per cent on December, however, year-on-year growth of 6.7 per cent for the first month of 2015 signalled a slowdown compared to December when annual growth was seven per cent. It's the fifth consecutive monthly decline in house price growth. The average house in the UK now costs £179,492, according to the latest Land Regi

If you’re a first-time buyer, here’s why you might want to vote for the Tories. Prime Minister David Cameron has promised facilitating a 20% discount on over 200,000 “decent, well-built homes with gardens” to under-40s. Under the scheme, the government will let developers build new homes on brownfield sites at a cheaper price. In turn, developers will have to sell homes at 80% of the market value. The cost of building a home on a brownfield site will lessen as the government