Selling Property
Only 24 hours after the Land registry released data showing a 20 per cent slump in housing transactions, new figures from the Equity Release Council throw some light on why older owners may no longer be moving house so frequently.
UK house prices could decline if there are any further negative shocks to the housing market or wider economy, the European Mortgage Federation has warned.
High street estate agents cashed in on almost half-a-billion pounds over the past 12 months over people’s reluctance to haggle over fees, with 82% of home sellers admitting that they agreed the first fee quoted by the agent, online estate agents Housesimple.com has found.
Rightmove claims that homes with sea views attract an average price premium of 29 per cent.
The latest official figures confirm that house price growth is slowing across the UK, with Scotland recording the strongest rise in the country.
New research reveals the vastly different timescale it can take to sell a home in England and Wales with Rotherham taking the longest and the fastest sellers in Rainham.
The average price of a house in the UK is estimated to rise from £221,000 in 2017 to around £285,000 by 2025, according to a new analysis.
Asking prices in the UK fell by 0.1% this month with sellers being over optimistic about what is achievable but they are still 1.4% above a year ago at an average of £309,191, the latest index shows.
Asking prices in the year to July 2018 increased strongly in some parts of the UK, most notably in the North and West of England, the Midlands and Wales, the latest index shows.
Fewer home owners are moving house in the UK with a new analysis showing that moves fell by 10% between 2016 and 2017.
On average property in close proximity to a high-end retailer like Marks and Spencers, House of Fraser and Waitrose gets sold for on average 15% more than in the wider area, hybrid estate agent Emoov has found.
The Bank of England should freeze house prices for five years and set a separate new target for house price inflation, the Institute for Public Policy Research (IPPR) has suggested.
Prime property prices in London are continuing to fall with buyers price sensitive and ales going through to those who have to move, for example for jobs and schools, the latest research suggests.
The latest house price index confirms that the UK property market has slowed, with annual growth flat in June 2018.
An outspoken high-end London estate agent says millionaire foreign buyers purchasing “cheap” properties in the capital represent what he calls “the first fruit of Brexit.”
Purplebricks says it enjoyed an 81 per cent growth in revenue in the UK the year to the end of April and claims to be selling more than three times the number of homes of its nearest rival.
A property that is accurately valued is more likely to sell quickly in the current British housing market where activity is slowing, it is claimed.
The number of homes registered for sale with estate agents increased in May as sellers tried to secure offers before the annual summer slowdown, the latest figures suggest.
Another Purplebricks ad has been stamped down on by the Advertising Standards Authority following a complaint by Hunters Property Group – but the hybrid agency says it will appeal the ruling.
The vast majority of estate agents say dressing a property for sale improves its chances of a sale by leaving a better impression on prospective purchasers viewing it.
