Category Archives: House Prices

Cash is king in prime property purchases

Buy-to-let investors and second-home owners were behind three in five property purchases made in Prime London during Q1 2016, boosting the proportion of purchases made in cash, according to estate agent Marsh & Parsons’ latest London Property Monitor. 

Accounting for 36% of all sales from January to March, buy-to-let investors were the most prolific type of buyer across Prime London in the three months immediately preceding the April 1st implementation of an additional 3% Stamp Duty. This represents a significant spike from 26% of purchases during the previous quarter, and a sudden reversal of the recent trend of weakening investor influence. Investor share of the market has been in slow decline last year since it peaked at 37% in Q4 2014.
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House prices continue to increase more quickly than average earnings

House prices in the latest three months (February-April) were 2.2% higher than in the preceding three months (November 2014-January 2015) according to the latest Halifax House Price Index April 2015.

The quarterly rate of change decreased for the first time this year following three consecutive rises and compares with 2.6% last month. Continue reading