The UK housing market ended 2018 on a weak note with uncertainty still biting, alongside continuing lack of stock and affordability issues, the RICS UK Residential Market Survey has found.
Asking prices fell by 0.5% in England and Wales and by 1% in Scotland this month and more properties already on the market are reduced in price, the latest index shows.
The average home owner in the UK spent more than £10,000 when moving house in 2018, with first time buyers spending around £1,761, according to a new study.
Despite growing by just 2.7% in 2018 as Brexit fears slowed the market, the total value of UK housing stock increased £190 billion to hit a record £7.29 trillion, a new analysis shows.
A leading buying agent says 2019 is likely to see the continuation of last year’s trend where distressed sellers accept discounts of up to 20 per cent on new-build homes they bought off-plan two or three years ago, before recent price falls.
Almost half of all house sales in England and Wales fell through before completion in the final quarter of 2018, according to a ‘quick buy’ property company.
There was a sharp increase in number of failed house sales in England and Wales in the last quarter of 2018, down almost 50%, but overall the outlook remains strong, new figures suggest.
Yet another property raffle has had to be abandoned because it has been deemed illegal under Gambling Commission rules.
House price growth slowed to 0.5% in the year to December 2018, Nationwide’s House Price Index has found.
The British property market is likely to see a slow start to the new year, with continued concerns about Brexit expected to affect buyer and seller decisions until after the UK leaves the European Union in March.
Property sales have fallen in 64.4% of local authority areas in England and Wales, according to a new analysis of data from the Land Registry.
More than 102,000 sales of land and property were registered in England and Wales in November 2018, the latest official data shows.
Towns and cities in London and the South East saw the biggest house price drops in 2018, Halifax has found.
Prime regional property prices in England and Wales fell in the fourth quarter of 2018 but the North of England has seen annual growth, the latest country house index shows.
The housing market in the UK has performed in line with expectations over the past year with prices set to be stable in 2019, according to an end of year analysis for lender the Halifax.
Property prices in Britain increased by 1.02% annually in 2018, equating to an increase of £2,860 for the average property and a daily increase of £8, new research shows.
London has the highest traditional estate agent fees in the country at 1.70%, according to price comparison site NetAnAgent.com.
New figures show that online agencies’ share of listings of homes for sale has plummeted to 4.6 per cent.
House prices are set to slip by around 1% across the UK over the next 12 months, with Greater London, the South East and East of England driving down the national figure, says the latest forecast.
UK house prices increased by 2.7% in the year to October, down from 3% in September, The ONS UK House Price Index has found.