The proportion of homes sold in London was lower than any other part of England and Wales last year with a new analysis suggesting the market is being hit by affordability and stamp duty.
Asking prices continue to rise across most of the UK but the supply drought it over with more properties for sale coming onto the market, according to the latest index report.
A third of people preparing to buy their first home in the UK are struggling to save enough money for a deposit, six times the proportion of people who bought their first house 20 to 30 years ago.
Around 22.4% of mortgage approvals were for first-time buyers in May, up from 20.2% in April.
The number currently living with friends or family in order to save for a deposit has increased, from 23% in August 2017 to 27% in 2018, whilst a further third (33%) would consider it if it meant they could get on the property ladder quicker.
A lack of supply and high prices are affecting all home owners in the UK, including first time buyers and downsizers, a new survey has found.
Living near a supermarket in the UK adds an average premium to the price of a home of £21,500, but it does depend on which brand, new research has found.
Job losses in the retail sector could lead to in a spike in mortgage arrears as people struggle for employment, Spicerhaart Corporate Sales account manager Dave Miller has predicted.
The number of people in the UK who support new homes being built in their local area is more or less unchanged in recent years, official figures show.
A lot has been written about how professional people like nurses, teachers and police officers struggle to get on the housing ladder in the UK but now new research looks at who can and cannot afford to buy a home.
Prices grew at a faster than expected rate last month according to the Halifax House Price Index, which has reported a 1.5 per cent hike for May.
Homes in the UK worth £1 million or more are selling more quickly in Cambridge than any other part of the country, twice as fast as the national average, new research reveals.
Property prices in Britain are set to lag behind inflation this year and in 2019 and are expected to fall in London, according to a poll of property market experts.
Demand for 5-year fixed rate remortgages has bounced back to hit 47% of the total remortgage market in April – the highest proportion in six months, conveyancing service provider LMS has found.
House prices are 106 times higher than they were when England won the World Cup in 1966 – growing three times faster than wages, online mortgage broker Trussle has found.
May saw the highest number of new sellers list their properties in any single month since pre-2017, the latest Property Supply Index by online estate agents HouseSimple.com has found.
Southampton (88%), Norwich (87%), Bristol (87%) and Plymouth (80%) have the largest proportions of property sales between £125,000 and £500,000, which is where there is a saving of stamp duty to be made, L&C Mortgages has found.
The number of homeowners with interest-only mortgages has almost halved in six years, UK Fiancne has showed.
SDL Auctions Bigwood’s May auction, held at Aston Villa FC’s Villa Park ground, raised more than £16.4 million, driven by strong bidding for residential lots in a crowded auction room.
The Nationwide has bucked the trend of many industry organisations by insisting that the private rental market is still in good shape, despite a raft of challenges being thrown up by government.