House prices in just two towns as high now than at the peak of the housing bubble in 2007, according to a study by the Halifax.
Home owners in Rochford, Essex have seen their homes increase in value by just 1% in four years.
The price of an average home in Rochford is now £231,595, compared with £229,666 in 2007. Continue reading Just two towns defy property price slump
Buy to let investors searching for homes offering the best value need to look north, according to online portal Zoopla.
Property prices in London and South East – and towns within easy commuting distance like Northampton and Swindon – are commanding higher values with less room for price negotiation. Continue reading Best Places to Grab a Discount on House Prices
House prices in East and Central Scotland have fallen over the past three months according to the latest house price report from ESPC, and they don’t expect things to change.
On average, Edinburgh has seen a drop of 1.1% in the course of the year, but the properties in the city centre increased in value by 3.4%. Other areas saw big drops; one bedroom flats in Gorgie and Dalry for example dropped by 11% in value. Continue reading House Prices Drop Slightly in Scotland
Homes under the hammer at auctions ended the year with a widening gap compared with the prices of property sold by estate agents.
December figures for homes sold at auction show 2,448 properties were sold for an average price of £139,401, according to auction monitor EI Group. Continue reading Homes at Auction 14% Cheaper than Estate Agent Prices
Buy to let is expected to keep growing for the next few years as Britain faces a severe shortage of homes.
As house building falters but the population keeps growing, the country is expected to have a shortfall of around a million homes by 2020, says builder Barratt Developments. Continue reading Britain Faces Shortage of 1 million Homes by 2020
Estate agents are blaming sellers asking unrealistic prices for their homes as one of the reasons for a flatlining housing market.
Pointing the finger at sellers is unfair as they are probably pricing their home on the figure they need to break even from a deal. Continue reading Sellers Sticking Out for High Prices ‘Hinder’ Housing Market
House prices are likely to drop by an average 3% over the coming year, predict estate agents.
The number of homes sold may climb, but wider economic problems and the fear of losing jobs will keep the market flat, says the Royal Institution of Chartered Surveyors. Continue reading Estate Agents Predict House Prices Will Drop in 2012
An eye-watering £131 billion has been wiped off the value of homes in the UK over the past five years, according to government statistics.
Property wealth has tumbled by 3.7% to £3,375 billion since 2006, says the Office of National Statistics. Continue reading Homes Drop in Value by £131 Billion in Five Years
Home prices at auction sales are almost 40% less than average property prices reported by major mortgage lenders.
November figures for homes under the hammer show the average price of the 1,098 homes sold under the hammer was £103,477 – up 1.12% on the £102,322 average 12 months ago. Continue reading Auction Homes Sell for 40% Below Market Value
House prices in Scotland have remained fairly constant, offering only small rises for larger properties and slight drops in smaller houses.
Edinburgh saw its average house price rise by 0.6% on a year ago, with the biggest rise coming in West Lothian at 6.2%. Elsewhere, properties in East Lothian and Dunfermline decreased. Continue reading House prices in Scotland Unmoved