Average property values in the UK fell by 0.5% in October 2017 but are still 4.5% higher year on year at £223,807, according to the latest official figures.
Rightmove is warning that the asking price of property coming to market has fallen by 2.6 per cent in the past month – equivalent to £8,178 on an average home – and this is the largest monthly fall for five years.
The investment service arm of international ratings agency Moody’s is warning that affordability issues are likely to lead to a slowdown in house price growth in the UK – a view echoed in the forecast for the capital’s housing market by Winkworth.
One in four home owners in the UK want to move within the next five years but the cost of doing so is making it hard to move up the ladder, according to new research.
The average home in England and Wales now sells for very nearly four per cent under its original asking price – a gap that is larger than this time last year.
It has been a busy year for the sales and lettings property markets in the UK with ups and downs in both sectors, according to an overview from agents.
Foxtons says it takes just eight minutes for a purchaser to know whether they will go ahead with buying a home.
A three-bedroom home was the latest successful property sale by Pattinson Auction, selling for nearly triple the starting bid.
The latest market snapshot from the National Association of Estate Agents suggests that the proportion of sales made to first time buyers has dropped further, to 22 per cent.
Sales to first time buyers in the UK fell in October to the lowest figure seen since February and demand dropped 11% month on month, the latest data shows.
A survey suggests that over 10 per cent of existing homeowners have been deterred from selling thanks to the recent interest rate rise – the first for a decade.
Residential property sales in the UK increased by 1.7% between September and October 2017, some 9.2% higher than the same month in 2016, official figures show.
Auction House says it sold more properties in October than during any other month in the company’s 10 year history.
The average UK property takes 96 days to sell, according to a new report.
Asking prices in England and Wales have fallen by 0.2% but are still 3% higher in November than they were a year ago, taking the average to £306,667, the latest index shows.
The supply of homes coming to the market has slumped again according to a monthly survey conducted by online agency HouseSimple.
Sellers have launched “their own sale” in response to the stagnating market by slashing asking prices according to Rightmove – but some sellers have not cut enough.
The owner of a penthouse flat in London says he is willing to accept the cryptocurrency Bitcoin – providing the buyer can afford the £5.5m price tag, of course.
HMRC has refunded £185m to some 15,000 house buyers since the introduction of the stamp duty surcharge in April of last year according to new research by Which?.
The Royal Institution of Chartered Surveyors has issued a downbeat snapshot of the current housing market with “subdued sales trends” across the country.