Buying Property
Asking prices have risen by an average of 1.1 per cent or £3,432 in the past month according to Rightmove.
Estate agency James Pendleton says the sales of flats across London have collapsed 47 per cent in only a year – and it claims that at least part of the reason is over-valuation.
The government is thinking about significantly cutting stamp duty for first-time buyers in a bid to restore young people’s faith in the system, the London Evening Standard reports.
Buyers of a hugely expensive property in London will have to pay for it in Bitcoin.
Rightmove this morning reported further evidence of a slowdown, with sales agreed falling across most of the country.
With worst in London and south-east
More than half (55%) of homeowners end up buying a property within 15 miles of their home town, research from housebuilder David Wilson Homes has revealed.
New data from Carter Jonas has revealed that farmland values throughout the UK have declined by more than 10% in the last year.
The average room based on its size is worth £57,065 – double the average UK annual salary.
The residential mortgage market continues to lack momentum nationally, the RICS Residential Survey suggests.
Lending for house purchase rose in August by both value and volume to be higher than both the preceding month and a year earlier.
Leamington Spa in Warwickshire has been named as the happiest place to live in Great Britain in Rightmove’s 2017 Happy at Home Index.
The latest RICS market survey shows that buyer enquiries and transactions slipped back last month with expectations pointing to “a subdued near term outlook for both prices and sales.”
House prices in Wales increased again during the summer following a slight dip in the second quarter of the year, according to the latest index.
The number of exchanges was 14.2% down last month compared with September last year, and 0.6% down on August.
Now could be the best time to pursue a property with a mortgage thanks to low interest rates and low stock of homes for sale, Choice Finance argues.
Respected mortgage market monitor Moneyfacts says that the costs of some mortgages are already rising in the expectation of a base rate hike, even though the Bank of England has left the rate unchanged for the moment at least.
New research carried out by NAEA Propertymark has revealed the top things that will devalue a property.
Kensington Palace Gardens in London has been identified Britain’s most expensive street
NatWest and Barclays are the latest providers to increase mortgages rates – signalling that lenders are preparing for a base rate hike from the Bank of England.
Tenant ordered to do 200 hours of unpaid work for unlawfully subletting home
Buy-to-let mortgage lending remains flat
Right To Rent fuelling massive ID fraud, BBC investigation reveals
Asking prices show biggest October rise since 2014 says Rightmove
Sales of flats in London have collapsed 47% in one year