Home equity hits record £5.7tn
The recovery of house prices in the UK and the increasing number of un-mortgaged and wholly owned properties has driven the value of equity in the UK housing stock to £5.7tn. 78% of the average property is owned in cash with over 55’s holding an average of £321,213 equity in their homes. Their collective property […]
Market poised for Autumn upturn?
The property market has stalled a little over the Summer with transaction volumes down slightly month on month, and static new listings and overall stock but could be poised to see an Autumn uplift with the average number of prospective home buyers registering with estate agent branches on the increase, up to 71 in July […]
Property portals and online conveyancing ranked as most positive property market innovations
Property portals like Rightmove, Zoopla and OnTheMarket, cloud based property management system, and online conveyancing have been ranked as the most positive technology innovations in the property market according to a recent industry poll. Conversely Digital and instant AML and ID verification and chatbots for website customer service are considered to have had the least […]
