Record home hunter activity is fuelling a rise in asking prices in most regions in the UK, led by the Midlands where they are rising three times faster than the national average, the latest index shows.
While most landlords are in the business by choice, the last three years have seen an increase in the numbers in the UK letting out a property they had previously tried to sell.
Property prices in the UK increased by 5.2% in the 12 months to December 2017, up from 5% the previous month, the latest official index figures show.
Controversial new Purplebricks advertisements on social media mock traditional estate agents who “twiddle their thumbs” in offices and claim the hybrid agency is incentivised to get the best price because it wants more positive reviews on Trustpilot.
Almost a third of all ‘Suspicious Activity Reports’ concerning possible anti-money laundering infringements and reported to the National Crime Agency have involved property deals.
House prices fell by 4.3% in Greater London in the year to January 2018 – the steepest drop since August 2009, LSL’s House Price Index has found.
House prices in England and Wales increased by 0.2% in January, the first monthly rise following several months of declines, taking the average to £301,477, the latest index shows.
The UK housing market has started the new year off in a similar fashion to the closing stages of 2017 with enquiries, sales and instructions remaining negative, according to the latest monthly market survey.
Prices in the three months to the end of January were 2.2 per cent, indicating a further slowing from the previous figure of 2.7 per cent released for the three months to the end of December.
Property prices in the UK fell marginally in the first month of 2018 by 0.6% but are still 2.2% above a year ago, according to the latest lender index to be published.
This year is going to be “challenging” for the housing market according to the influential Ernst & Young ITEM Club, a forecasting group.
Home owners in cities in the UK where there is a shortage of family housing could get planning permission to build upwards provided the change is in keeping with the location’s rooflines.
Johnson family lived at this Primrose Hill address for over 10 years
Sales of new homes in London fell by a fifth over the last three months of 2017 compared with the previous quarter with luxury apartments not selling well, new research has found.
The most well-known house price indices in the UK are publishing out-of-date statistics and misleading buyers and sellers, according to recent figures by Home.co.uk.
Demand for homes fell by 20 per cent year-on-year in December.
An analysis of one month’s listings on Purplebricks by City consultancy Jefferies concludes that it sold 51.6 per cent of its homes within 10 months.
Home owners aged over 55 in the UK are almost as likely to upsize to a new home than downsize, according to new research.
Homes for sale in some parts of inner London are seeing price discounts of up to 10 per cent says Hometrack – and transaction volumes in England and Wales are over 14 per cent down on a year ago according to the Land Registry.
Buying and selling a home in the UK without the need for paper deeds is one step closer after the Government approved changes to the land registration rules to pave the way for the introduction of digital land registration.