Homes going under the hammer at auctions are going up in value, but are still significantly below average house prices.
April figures for homes sold at auction show 1,479 properties were sold for an average price of £101,060, according to auction monitor EI Group. Continue reading Auction homes sell for 37% less than average house prices
Sales of homes worth £2 million or more are rising – and most are in just four upmarket neighbourhoods of London.
Just over half of all multimillion pound home sales last year were in swish Kensington, Chelsea, Westminster or Camden, while 76% (1,161) of £2 million plus sales were in London. Continue reading Luxury home sales hit new high as rest of market falters
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
Christmas is not only the time to be merry, but it’s also the time when the dreaded pundits come out with their property price predictions for the next year in a bid to garner column inches and web space for free publicity.
Piles of press releases predicting this, that and the other for next year are already flooding out. Continue reading Ignore those property price pundits who crave free publicity
New research from a major mortgage lender reveals the cheapest and most expensive places to buy homes in the UK.
The data also highlights the towns with the largest and smallest price increases over the past 10 years.
The research looks at homes on a price per square metre basis – comparing prices by living space. Continue reading Find the Cheapest and Most Expensive UK Homes
"London could see a 140% rise is house prices"
Property investors are ready to see prices at least double in some London hotspots, according to estate agents Knight Frank.
Some neighbourhoods may see prices shoot up by up to 140 per cent by the end of 2016, says the study.
The findings reveal different price drivers for neighbourhoods across the capital – but two main factors that are due to influence prices are the Crossrail project and redevelopment of the landmark Battersea Power Station. Continue reading London Property Prices Set for 140% Increase
House prices were up 0.8% in April – the first time prices have crept above zero in 2011 and the highest monthly growth since January 2010, according to the Land Registry.
Year-on-year, house prices are down 1.3%, but even this is a slowdown on last month’s figure.
The Land Registry statistics underwrite those from other house price surveys that report the market is stabilising. Continue reading Property prices finally seem to have hit the bottom