The housing market is still trying to shatter the glass ceiling imposed by mortgage lenders restricting home loans, but expectations are exceeding reality for most sellers as sales have plunged 40% since the 2007 boom.
A number of surveys looking at the market all report more activity but less sales. Continue reading House sales 40% down on buy to let boom years
Property taxes in the UK are the highest in Europe, according to the latest figures issued by the European Union.
The latest figures are for 2010, and show revenue flowing in to government coffers from property taxes varies widely across the continent. Continue reading UK has the highest property taxes in Europe
House price confidence is dropping away as prices fall and buyers melt away, according to estate agents.
One in five estate agents reported drops in April as hopes for future price rises hit the lowest level this year, and some expect property values to keep falling says the latest housing market survey by the Royal Institution of Chartered Surveyors. Continue reading Confidence in housing market is falling, say estate agents
The cheapest property in England and Wales sold for just £7,500 in March.
The stone-built Methodist Chapel in Felindre, Knighton, Powys, is a derelict building in the main street of the small Welsh village. Continue reading £7,500 chapel was cheapest property sold in March
The first issue of UK house price data from the Office of National Statistics signals the start of a shift towards an official national house price index.
The average house price in the UK for February was £224,473 – down on January’s average of £228,064 but up from £211,960 a year earlier. Continue reading Official UK house price data published for first time
As property sales fall to their lowest level in three years and threaten to keep on dropping, here’s some research that identifies the remaining property hotspots.
Lloyds Bank tracks property sales in 500 towns and cities across England and Wales – and has revealed that last year, 300 registered a fall in the number of home sales. Continue reading Where are the UK’s property hotspots – and not-spots?
The lack of a joined up official and independent house price index for the UK is at the root of some statistical anomalies in recent surveys.
In the space of a few days, landlords, buyers and other property people have been bombarded with numbers that just don’t add up: Continue reading Why house prices can go up and down at the same time
Homeowners face more misery as house prices dropped back for the first time in six months as the stamp duty holiday for first time buyers ends.
The fall signals the start of an expected slow decline in house prices as first time buyers race to complete a purchase rather than holding off until later in the year. Continue reading House prices down 1% and may drop further, warns lender
Property investors and nosy neighbours can drill down in to the Land Registry’s house sales data for free under new Government open access rules for public information.
The most expensive property sold in England and Wales was Dorchester Mansions, Ascot, Berkshire, with a price of £135 million – while the cheapest was Chapel House, High Common, Thetford, Norfolk, with a price tag of just £6,000. Continue reading Free data lifts house price curtain for nosy neighbours
Landlords and letting agents must comply with a streamlined energy performance certificate scheme from April.
The government has given the green light to the new rules that bring EPC requirements for selling and letting residential and commercial property into line. Continue reading Property people get ready for new EPC rules