Latest analysis tracks slowing of the housing market in England and Wales


The housing market is slowing in England and Wales with average prices of existing homes rising just 0.3% year on year, the weakest performance since 2011, according to the latest analysis. Month on month prices were up by 0.9% and sales fell by 2.5% year on year, the fastest fall since 2008, the report from […]

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Existing homes sales weakening in the US amidst housing shortage


Existing home sales in the United States weakened in June, as total sales saw a small decline after a previous month of gains, according to the latest index report from realtors. While two of the four major regions recorded minor sales jumps, the other two, the South and the West experienced greater declines last month, […]

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Flipping has flopped in England and Wales, new study shows


The number of homes in England and Wales sold more than once within a 12 month period, known as flipping, has fallen dramatically overall since its peak in 2004, new research shows. Last year 18,630 homes were flipped in England and Wales, some 69% less than the 60,340 homes flipped in 2004. However, between 2017 […]

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London Mayor over rules council and grants permission for new homes on disused site


Plans to redevelop a disused site in North West London to provide over 800 new homes, with over 40% affordable properties, which was rejected by the borough council is to go ahead. The Mayor of London called in the application for Pentavia Retail Park in Mill Hill after Barnet Council rejected it because members of […]

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Home sales registered in England and Wales fell in June


Fewer home sales registered in England and Wales in June fell compared to the previous month but the number was still well up on April 2019, the latest official figures show. Overall, the number of sales received for registration was 81,742, down from 85,667 in May but up from the 74,683 recorded in April, according […]

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Country house prices in Scotland up by 1.1% year on year


Overall, country house prices in Scotland increased by 1.1% year on year, led by increases across the central belt, in the North and in the Borders, the latest rural property update report shows. Agents have indicated that demand has been underpinned by an increase in discretionary buyers, with a notable rise in those from outside […]

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Mortgage lending slowing but housing market remains resilient


Gross mortgage lending across the UK’s residential market in June 2019 was £21.9 billion, some 4% lower than the same month the previous year with analysists suggesting the slowdown is part of wider Brexit uncertainty. The industry data from UK Finance showing a further slowdown in mortgage lending also showed that the number of mortgages […]

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Redress scheme warning for estate and letting agents


Estate and letting Agents in the UK are being urged to check that they are signed up with an approved redress scheme that covers the full remit of their work after a recent tribunal ruling. In one of the first decisions of its kind, the Upper Tribunal upheld a fine of £3,000 against the business […]

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Prime lettings market stabilising in London


Rents in the prime property market in London are unlikely to decline by any meaning full amount in the short term, according to the latest analysis of the sector. The supply of lettings property has begun to increase in higher price brackets in prime central London, putting downwards pressure on average rental values, which fell […]

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Report paves way for significant changes for property agents in the UK


Far reaching changes are needed in the property market in the UK including stronger licencing, a new code of practice, higher qualification standards and a new independent regulator, according to a new report. The Regulation of Property Agents Working Group, set up by Government, says that taking account of devolutionary matters, a new proposed regulatory […]

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