The national average asking price of a property coming to market is over a quarter of a million pounds for the first time.
The new record was achieved as prices rose 1.2% (+£2,957) in June, the sixth consecutive monthly rise this year. Continue reading
The price of a typical UK home increased by 0.4% in May and was 1.1% higher than May 2012, according to recent data from Nationwide.
The typical UK home is now worth £167,912. Continue reading
April data from Land Registry’s House Price Index shows an annual price increase of 0.7% which takes the average property value in England and Wales to £161,458.
The monthly change from March to April shows an increase of 0.4%. Continue reading
Waterfront properties in the South West command the largest waterfront premiums in the UK, the results of Knight Frank’s annual Prime Waterfront Index show.
A waterfront setting in the South West can result in an uplift of as much as 66%. East Anglia (43%) and the South East (42%) were the areas that command the next largest uplifts. Continue reading
The average house price in seaside towns rose by 63% over the past decade, to £197,938, according to the latest research from Halifax.
Since 2003, Porthmadog in Wales was the seaside town that recorded the biggest rise with the average house price increasing by 134% from £69,479 to £162,638 in 2013. Continue reading
Storing some of your non-essential possessions in self storage instead of your spare room could save Londoners thousands of pounds annually, according to research by Deloitte Real Estate.
The research, part of the Self Storage Association’s annual survey, shows the cost of renting an additional bedroom in various boroughs across Greater London. Continue reading
House prices have sunk by £284 from February according to the latest LSL/Acadametrics Wales House Price Index.
Prices have fallen back to December 2010 levels as lack of mortgages squashes demand. Continue reading
Records are tumbling this month, with property coming to market setting a new record national average asking price.
This month’s 2.1% (+£5,135) rise has left the national average just shy of a quarter of a million pounds at £249,841, surpassing the previous high by £3,606. London, the South East and East Anglia have also hit all-time highs, with buyers in the capital facing new sellers’ average asking prices in excess of £500,000 for the first time. Continue reading
Home owners in prime Central London are currently benefiting from price growth of £383 per day, the equivalent of a return air fare to New York City or Dubai, reports property consultant Cluttons in its latest Residential Investment Monitor Q1 2013.
Following a slowdown in both the sales and lettings markets during Q4 2012, the prime Central London residential market has turned a corner, with positive growth recorded across all London regions. Continue reading
In a further sign of strength in the housing market, research from property website Zoopla.co.uk reveals that the number of properties currently for sale that have been reduced in price since first coming onto the market has fallen to its lowest level in almost three years.
The proportion of properties for sale that have had their asking price dropped at least once now stands at 30.7%, down from 34.3% twelve months ago. Continue reading
