Property prices in England and Wales increased by 0.5% in February, taking the average price of a home to £302,435, the latest agent index shows.
The average residential property asking price in Britain increased by just 0.4% this month as Brexit uncertainty ate into the start of the traditionally busier spring housing market, according to the latest index report.
Prolonged Brexit uncertainty will further damage the housing market, the February RICS UK Residential Market Survey warned.
Asking prices in England and Wales fell by 0.3% in the 12 months to March 2019, while in Scotland they increased by 2.1%, the latest property market index shows.
Residential prices are continuing to fall in prime property markets in London but an upturn is expected once Brexit uncertainty dissipates, according to the latest sector analysis report.
Foxtons has ruled out further branch closures as it continues to struggle against what it calls “the continued weakness” of the London market.
Both major portals have this morning revealed more evidence of a gently slowing housing market.
The average time to sell a property in the UK has increased from 72 days in January 2018 to 77 days in the current market, according to new research.
With just five weeks until the UK is set to leave the EU, the impact of leaving the bloc without a deal continues to divide property commentators.
Residential property sales in the UK were positive at the beginning of the year, up 0.8% between December 2018 and January 2019, official data shows.
Shares in Purplebricks, the UK’s largest online estate agent, fell by 40% after it reduced its sales forecast and announced the departure of two chief executives.
Property transactions in the UK have fallen by a third in the past three months as Brexit uncertainty weighs on the housing market, according to new research.
Agents are predicting that rents in Britain will rise or remain static in 2019 and prices likely to fall or stagnate with Brexit only having an impact on certain areas, research shows.
Over half of older home owners in Britain say that they cannot see themselves moving out of their property and downsize as they want to hold onto happy memories.
The residential property market in the UK has seen a slow start to the year with sales, new instructions and enquiries all falling, according to the latest market survey.
Average overall price growth in England and Wales has slipped into the red, according to Home.co.uk’s February Asking Price Index. This is the first time negative growth has been seen since November 2011, after 87 straight months of price rises.
There’s been more growth in the equity release sector, suggesting that fewer older owners are downsizing and are instead using their existing homes to release money for later life.
Average asking prices in England and Wales fell by 0.2% in the 12 months to February 2019, the first fall on the national figure for over seven years, according to the latest index data.
Newport, South Wales saw the biggest jump in house prices of any UK town or city in 2018, Land Registry data revealed this morning.
Agents have suggested that the latest price figures from the Halifax may be masking increased activity in the market in recent weeks.