Property transactions in England fell by 11% year-on-year
The most up-to-date HM Land Registry figures available show that property transactions in England fell by 11% year-on-year. Over the same period in London, property sales dropped by 20%, while in Wales, transactions rose by 1.4%. However, house prices in the UK grew by 5% in the year leading up to August 2017. That’s according […]
Monthly transactions slowed in September
According to the latest figures, transactions dipped in September and were 20% lower compared to the same month last year. However, the slowdown was led almost entirely by London and the South East. Growth in house prices also slowed over the month. The data revealed by Acadata and LSL Property Services shows an annual house price growth […]
Government to hold crucial housing summit
With the UK property market under increasing pressure, Theresa May’s government is set to hold a crucial housing summit today at 10 Downing Street. Representatives of many of the major house builders are thought to have been asked to attend the high-level meeting in advance of the autumn budget statement on 22nd November. According to […]
Three-fifths of first time buyers rely on Bank of Mum and Dad
59% of potential first-time buyers anticipate support from parents or other family members to help them get on the property ladder, according to new research. At present, the average property price for first-time buyers in England is £198,325, so a 10% deposit would set hopeful homeowners back nearly £20,000. According to the report from Yorkshire Building […]